Are accountants and auditors moral agents of corporations and society? Explain.
Question:
Are accountants and auditors moral agents of corporations and society? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 27% (11 reviews)
Personal and professional ethics in accounting have roles to play in cultivating responsible leadership by management of audit firms The promotion of responsible leadership is seen within audit firms as a way to improve audit quality Auditors are expected to place the public interest ahead of all others and as such they are moral agents of society They are tasked with looking out for the interests of shareholders and other stakeholders above all else not the corporations best interests Ideally the two coincide so there is no dissidence faced by the auditors in striving to achieve their public service ideal Responsible leadership in audit firms is essential to create an ethical environment within the firm It is a critical component of setting the proper tone and encouraging members of the organization to ask probing questions when managements representations are unclear or unsubstantiated Responsible leadership is an integral part of ethical leadership although the latter also entails the ability to reason through ethical dilemmas and resolve conflicts in a morally appropriate way Responsible leaders ...View the full answer
Answered By
Albert Kinara
i am an expert research writer having worked with various online platform for a long time. i also work as a lecturer in business in several universities and college part time and assure you well researched and articulate papers. i have written excellent academic papers for over 5 year and have an almost similar experience experting many clients in different units. bachelor of commerce (finance)
masters in strategic management
phd finance
4.60+
26+ Reviews
48+ Question Solved
Related Book For
Ethical Obligations and Decision Making in Accounting Text and Cases
ISBN: 978-1259730191
4th edition
Authors: Steven Mintz, Roselyn Morris
Question Posted:
Students also viewed these Accounting questions
-
In teaching about moral development, instructors often point out the threefold nature of morality: It depends on emotional development (in the form of ability to feel guilt or shame), social...
-
Consider the following excerpt from the Financial Analysts Journal: Strictly speaking, the objectives of financial reporting are the objectives of society and not of accountants and auditors, as...
-
Describe the role of professional judgment in ethical leadership as it pertains to accountants and auditors and the link to their moral role in society.
-
A fruit vendor professes to sell fruits at the cost price, but uses false weights. He gains 40% in this manner. What weight does he substitute for one kilogram?
-
Consider Figure. Paths a-b-c and a-b-d converge at activity f, but we ignored this potential merge problem in the text. Why? 22 $16 35 6 44 %6 356 12 26 4.00 9 26 44 25 216 37 416 37 416 47 22 $16 28...
-
Based on the information in and your answer to Problem 29-20, how much more or less does the monopsonist pay as an hourly wage rate in relation to the additional revenue that the 1,000th unit of...
-
Consider the two-dimensional air flow around the corner, as shown in Fig. P6.33. The \(x\) - and \(y\)-direction velocities are \[ u=\frac{v_{0}}{L} \sin \mathrm{h}\left(\frac{x}{L} ight) \cosh...
-
The income statement and additional data of Bolton Travel Products, Inc., follow: Additional data: a. Acquisition of plant assets was $130,000. Of this amount, $75,000 was paid in cash and $55,000 by...
-
A rectangular barge, 5.8 mm long and 2.0 mm wide, floats in fresh water. Suppose that a 360-kg crate of auto parts is loaded onto the barge. How much deeper does the barge float? Express your answer...
-
Richard McCarthy (born 2/14/64; Social Security number 100-10-9090) and Christine McCarthy (born 6/1/1966; Social security number 101-21- 3434) have a 19-year-old son (born 10/2/99 Social Security...
-
Values-driven leadership as envisioned in the Giving Voice to Values technique poses the following question: Once I know what is right, how do I get it done and get it done effectively? Discuss how...
-
How might moral intensity influence the decisions made by accounting professionals?
-
How did the Fed hit its target for the federal funds rate in the pre-2008 scarce-reserves regime?
-
describe the difference between a swap broker and a swap dealer. 2. what is the necessary condition for a fixed -for-floating interest rate swap to be possible? 3. discuss the risks confronting an...
-
Terry Lemus, whose mass is 60.0 kg, starts her trapeze act on a platform 20.0 m above the safety net. She is holding the bar of the trapeze so that its 5.00 m ropes are stretched taut horizontally....
-
2 2 points A glass of height 16.0 cm and diameter 8.00 cm is completely filled with an unknown liquid. A coin is placed in the exact center of the cup. See the figure. Light reflecting off the coin...
-
Explain how tax-benefit linkages, spillovers, and economies of scale influence fiscal federalism (that is, what each of those implies in terms of the optimal division of responsibilities across the...
-
Assume the carrying capacity of the earth is 9 billion. Use the 1960s peak annual growth rate of 2.1% and population of 3 billion to predict the base growth rate and current growth rate with a...
-
Imagine that a university professor is interested in the effects of a new instructional method on the math performance of first-year university students. All students take a math pretest and then are...
-
Consider the reaction of acetic acid in water CH 3 CO 2 H(aq) + H 2 O(l) CH3CO 22 (aq) + H 3 O + (aq) where Ka 5 1.8 3 1025. a. Which two bases are competing for the proton? b. Which is the stronger...
-
Family Games, Inc., is a privately owned company with annual sales from a variety of wholesome electronic games that are designed for use by the entire family. The company sees itself as...
-
What prompted partners at KPMG to facilitate cheating on internal training exams? In 2018, Timothy Daly, a former lead engagement partner, solicited and received questions and answers to the...
-
What is the role of the board of directors in developing an ethical organization culture?
-
Excerpts from Andre Company's December 31, 2024 and 2023, financial statements are presented below: Accounts receivable Inventory Net sales Cost of goods sold Total assets Net income Total...
-
The York City Hospital has just acquired new equipment. The equipment cost $ 4 , 2 5 0 , 0 0 0 , and the organization spent $ 1 3 5 , 0 0 0 on upgrading the physical plant to the new equipment will...
-
Carmen Camry operates a consulting firm called Help Today, which began operations on December 1. On December 31, the company's records show the following selected accounts and amounts for the month...
Study smarter with the SolutionInn App