Exam 1: Ethical Reasoning: Implications for Accounting

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 the relationships,Rosie would violate what ethical standard if she is allowed to conduct the audit:

The Independence Principle in the AICPA Code applies to:

Susie,a newly graduated BBA in accounting,has started a new job with the state budgeting office.Susie has responsibility over expense reimbursements.The state has a travel policy stating that a state employee may be reimbursed up to $90 per night for a hotel room and up to $40 per day for meals,as long as the employee turns in food receipts.The first expense account Susie works on the employee who has a hotel receipt for $130 a night but no food expenses.Susie processes the reimbursement for $90.The employee becomes irate as his reading of the travel policy is that he can be reimbursed for $130 a night for hotel and food with a receipt.The employee claims this has never been a problem in the past and has always been reimbursed $130 a night whether for hotel only or both hotel and food. What should Susie do and why? Use ethical reasoning to support your answer.

When making a donation at the local Goodwill,Martha tells the clerk that her old computer is in perfect working order when she knows it is not,just so she can deduct more on her taxes.Which theory best describes Martha's behavior?

Are search results in Google,YouTube,Facebook,Twitter,and other social media sites fair game,specifically when an employer is looking to fire an employee?

The method of ethical reasoning that requires selecting the correct moral rule that produces the greatest benefits over harms is:

Which of the following characteristics does NOT describe the behavior of Cynthia Cooper in the WorldCom fraud?

Which of following is false of active social networkers?