ETH 376 Week 1 DQ 1, DQ 2, DQ 3 and DQ 4.pdf
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<strong>ETH</strong> <strong>376</strong> <strong>Week</strong> 1 <strong>DQ</strong> 1, <strong>DQ</strong> 2, <strong>DQ</strong> 3 <strong>and</strong> <strong>DQ</strong> 4<br />
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<strong>DQ</strong>s<br />
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<strong>ETH</strong> <strong>376</strong> <strong>Week</strong> 1 <strong>DQ</strong>s<br />
<strong>Week</strong> 1 <strong>DQ</strong> 1<br />
Many professional accountants believe that the main purpose of accounting st<strong>and</strong>ards is to<br />
protect the public. With that in mind, what do you think are the main objectives of the<br />
AICPA code of professional conduct <strong>and</strong> how does the code relate to protecting the public?<br />
Be specific<br />
WEEK 1 <strong>DQ</strong> 2<br />
A bookkeeper makes a significant posting error, which she later discovers <strong>and</strong> corrects. In<br />
fear of losing her job, she does not report the mistake to her supervisor. How should the<br />
employee have h<strong>and</strong>led this situation <strong>and</strong> what should the supervisor do when the situation<br />
is disclosed?<br />
WEEK 1 <strong>DQ</strong> 3<br />
How does the AICPA Code of Professional Conduct relate to ethics? Provide examples to<br />
support your response.<br />
WEEK 1 <strong>DQ</strong> 4<br />
The CFO for a corporation deliberately misstates expenses on the income statement purely<br />
out of a sense of loyalty to his CEO <strong>and</strong> the company. The CFO will receive no financial<br />
incentive for this misstatement. In fact, he risks losing his job by doing this. Is this an<br />
ethical violation for the CFO? Why or why not?
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