ACC 411 Accounting Ethics Exam answers
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Ethics Questions
ACC 411 - Accounting Ethics
Midterm Exam
Multiple Choice (2 points each)
- Each of the following elements make up an integral part of what is meant by "ethics" except for:
A.Accepted standards of behavior
B.Knowing the difference between right and wrong
C.Always following the law
D.The moral point of view
- 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 agree to correct the financial statements
C.The external auditors support the CEO and do not agree to correct the financial statements
D.The audit committee should always be the first to be informed about such...
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