a. List and discuss at least five characteristics of a professional and/or professional behavior. Where possible, include a specific example of each characteristic from your own experience as a student.
b. Define ethics. Explain why ethics is so important in the accounting profession.
c. What basic schools of thought exist regarding ethical behavior? What are the strengths and weaknesses of each one?
d. Explain the basic facts of fraud schemes associated with Ponzi, Adelphia, and Enron.
e. Respond to the questions for this chapter’s “AIS in the Business World.”

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