ACC 375 Week 1 DQs

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ACC 375 Week 1 DQs

Discussion Questions

Explain the concept of utility under the utilitarianism theory. How can a business achieve a level of utility?

What is the connection between justice and utility under utilitarianism theory? What are a few assumptions and problems with utilitarianism theory?

What are the similarities and differences between the concepts of justice under the utilitarianism theory and distributive justice theory? What is the difference between concepts of ethics and morality?

What is meant by the term of management fraud? What are some red flags, or warning signs, associated with identifying fraud?

What are some social and legal implications of management fraud? How can a company protect itself from fraudulent acts?

Explain the different types of risk, such as audit risk, inherent risk, control risk, and detection risk. How can a company assess its fraud risk?

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