Is there any moral difference between a disapproved action in which you are caught and the same action that never becomes known to anyone else? Do many persons in business and professional society make a distinction between these two circumstances? If you respond that you do (or do not) perceive a difference while persons in business and professional society do not ( or do), how do you explain the differences in attitudes?
Answer to relevant QuestionsAccounting firms are often asked to present “proposals” to companies’ boards of directors. These proposals are comprehensive booklets, accompanied by oral presentations, telling about the firm’s personnel, ...Go to the PCAOB website and find settled disciplinary orders. Review the cases and the penalties indicated for each case. Required: What did Susan Birkert do to get in trouble and what was her sanction?What do the SEC disclosure rules and PCAOB Rule 3526 have in common with auditors’ relations with an audit client’s board of directors and its audit committee?What legal theory is derived from the Ultramares decision? Can auditors rely on the Ultramares decision today?What is scienter? How do the findings in Ernst & Ernst v. Hochfelder and Denise L. Nappier et al. v. PricewaterhouseCoopers relate to scienter?
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