Each of the following characteristics describes the importance of integrity in decision making except for:
A. Acting out of moral principle
B. Being loyal to one's superior
C. Having the courage to do the right thing
D. Not subordinating professional judg
B. Being loyal to one's superior
Each of the following is a pillar of character according to the Josephson Institute except for: A. Caring B. Citizenship C. Respect D. Judgmental
D. Judgmental
Each of the following is an element of trustworthiness according to the Josephson Institute except for: A. Reliability B. Loyalty C. Fairness D. Honesty
C. Fairness
When is it appropriate to contact the audit committee about a difference of opinion with the CFO over an accounting or financial reporting manner?
A. If the CFO does not agree to correct the financial statements
B. The CEO supports the CFO and does not ag
B. The CEO supports the CFO and does not agree to correct the financial statements
Responsibility goes hand in hand with: A. Respect B. Loyalty C. Courage D. Accountability
D. Accountability
Empathy entails all of the following characteristics of behavior except for:
A. Being loyal to one's friends
B. Being understanding of one's friends
C. Being sensitive to the feelings of one's friends
D. All of these
A. Being loyal to one's friends
The Public Interest Principle in the AICPA Code of Professional Conduct recognizes:
A. The importance of integrity in decision making B. The importance of stakeholder groups C. The need to be independent of the client D. The importance of exercising objec
C. The need to be independent of the client
The Independence Principle in the AICPA Code applies to:
A. All accountants and auditors B. All CPAs regardless of professional services C. All CPAs who render attestation services D. All members of the audit committee
C. All CPAs who render attestation services
A CPA would violate the Due Care Principle if he/she:
A. Undertook a professional engagement without having the requisite background, knowledge and experience B. Discloses confidential information about a client C. Violates the Public Interest Principle D
A. Undertook a professional engagement without having the requisite background, knowledge and experience
Aristotle believed that __________ always preceded the choice of action.
A. Empathy B. Due Care C. Deliberation D. Loyalty
C. Deliberation
The method of ethical reasoning that does not deal with making decisions after considering the interests of others is: A. Egoism B. Enlightened Egoism C. Utilitarianism D. Rights Theory
A. Egoism
The method of ethical reasoning that evaluates actions in terms of harms and benefits is: A. Act Utilitarianism B. Rights Theory C. Justice D. Virtue
A. Act Utilitarianism
The method of ethical reasoning that requires selecting the correct moral rule that produces the greatest benefits over harms is: A. Act Utilitarianism B. Rule Utilitarianism C. Rights Theory D. Justice
B. Rule Utilitarianism
Teleology deals with A. Consequences of actions B. Fairness to others C. Respecting the rights of others D. Following prescribed virtue characteristics
A. Consequences of actions
The biggest problem in applying virtue theory to decision making is: A. It can be difficult to evaluate the effect of virtues on others in decision making B. It relies on moral absolutes in decision making C. It can be difficult to determine virtues to di
D. Conflicts between virtues may make decision making more difficult
Under the IMA's standards of ethical practice, an accounting professional can consider informing authorities or individuals not employed by the organization when an ethical dilemma occurs about an accounting or financial reporting matter that remains unre
A. Believes there is a clear violation of the law
Sally is the only student from a foreign country in an Auditing class. On the day of the midterm exam, Sally asks the teacher whether she could use a dictionary to translate English words to her native tongue so she can better understand the questions. Wh
A. Allow Sally to use the dictionary since she is at a disadvantage
George is in the middle of a high stakes poker game when he notices what he thinks is cheating by another player. It appears to George that this player took a card from his lap and switched it with a card that he was dealt. If George is a utilitarian thin
B. Consider what might happen if he accuses the player of cheating and he is wrong
Jason is the fastest worker on the audit of a company for the firm Zits LLP. Other Zits workers take twice as long to complete the equivalent amount of work as Jason. One day Jason is approached by the other workers and is asked to slow down "You are exce
C. Ignore what is being asked and go about his work as he has always done
Steve is deep in debt due to a gambling problem. He is the bookkeeper for a family-owned business, Cal Poly Greenery. The company has only three employees - Steve, the husband, and the wife. All three have been friends for many years. One day the loan sha
D. All of these
Ty is a rising star at Texas State Country & Western Stores. He is the controller of the company. His wife, Rosie, is the lead auditor of the CPA firm that examines Country & Western's financial statements and issues an audit opinion. Given the nature of
C. Independence
The most important duty of public accounting is to the: A. Securities Exchange Commission B. Current stockholders C. Management D. Investing public
D. Investing public
The best restatement of Kant's categorical imperative is: A. Do to others as you would have everyone do unto you B. Consider others needs before you act C. That those with a smaller stake should have a smaller say compared to those with a bigger stake. D.
A. Do to others as you would have everyone do unto you
What is the one virtue that people should want in a boss to trust the boss? A. Diligence B. Commitment C. Honesty D. Sense of humor
C. Honesty
The most likely rationalization a student might use to justify cheating on an exam is: A. Ethical relativism B. Situational ethics C. Deontological ethics D. Teleological ethics
B. Situational ethics
The noted researcher who studied how values in the workplace are influenced by culture is: A. Thomas Hobbes B. Jeremy Bentham C. Aristotle D. Geert Hofstede
D. Geert Hofstede
The country with the highest Power Distance score is A. United States B. United Kingdom C. Japan D. Russia
D. Russia
The country with the highest Uncertainty Avoidance is A. United States B. United Kingdom C. India D. China
A. United States
Virtue ethics emphasizes development of good habits of character. What should be the greatest reward of practicing good habits of character, according to MacIntyre? A. External rewards B. Money C. Internal rewards D. Authority of rules
C. Internal rewards
Utilitarian philosophers are divided into two types: act utilitarian and A. Rule utilitarian B. Individual utilitarian C. Ethical utilitarian D. Benefit utilitarian
A. Rule utilitarian
The motive of "duty" is most associated with. A. Egoism B. Deontology C. Utilitarianism D. Justice
B. Deontology
An important modern contributor to the theory of utilitarianism is: A. Plato B. John Rawls C. Immanuel Kant D. Jeremy Bentham
D. Jeremy Bentham
According to Kant, individuals may be treated as: A. means to an end B. an end and never as a means only C. other mammals since we are all equal D. an end and never as a means, in some circumstances
B. an end and never as a means only
Your manager asks you to "cook the books" to support a loan application at the local bank. The manager insists it is a one-time request. If you are a person of integrity, what should you do? A. Go along with the manager's request B. Talk to others in the
C. Refuse to go along with the request
Thomas Jefferson's writing in the preamble of the Declarations of Independence is a perfect example of what theory? A. Rights Theory B. Virtue Theories C. Consequentialist Theories D. Applied Ethics
A. Rights Theory
Many critics say the biggest fault with deontological theories is A. no clear way to resolve conflicts between moral duties B. the separation of consequences from duties C. the requirement to respect people as human beings D. not being able to treat peopl
A. no clear way to resolve conflicts between moral duties
In the Harvard Cheating Scandal case, using ethical reasoning who is at fault for situation? A. The professor B. Teaching assistants C. Students who cheated D. All of these
C. Students who cheated
In the Giles and Regas case, the primary ethical issue can be stated as: A. Whether a subordinate should blow the whistle on a superior who has violated ethical policy B. Whether two staff members of the same rank should be allowed to date C. Whether a su
C. Whether a superior should become involved in a dating relationship with a subordinate
In the Capitalization versus Expensing case the main ethical issue is whether Gloria Hernandez should A. Capitalize or expense $1 million of expenditures B. Report her superiors actions to the CEO C. Talk to the Audit Committee D. Become a whistle blower
A. Capitalize or expense $1 million of expenditures
Kevin Lowe's ethical dilemma in the Eating Time case can best be described as whether to: A. Date another staff member of the CPA firm B. Inform his supervisor about a lack of diligence of other staff accountants C. Quit his job because he can't meet the
D. Devote time on an audit and not charge it to the job