Ha Question 4 Which of the following is included in our Commitments in the Global Code...
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Ha Question 4 Which of the following is included in our Commitments in the Global Code of Conduct? Working with strategically identified clients and third parties. Not tolerating illegal or unethical acts. Focusing on the bottom line. Helping our people with typical tasks. Question 5 Which of the following is an example of how you can recognize microaggression? Observe and validate your own feelings of microaggression. Do nothing. Your team will voice concerns if there is microaggression. Be alert to teammates making assumptions and excluding people from informal meetings. Speak Up often so your voice is heard. Question 6 A junior member of your client's tax department reveals that your client is not disclosing income from foreign-sourced investments in its corporate tax return. He alleges that the client is doing this to minimize its taxable position. What should you do? Contact the client's legal department to let it know about the allegations the individual has made. Make further discreet inquiries at the client about the allegations. Inform your engagement partner immediately about the conversation. You do not need to do anything. The individual is a junior member of the client's tax department, and it is likely he does not fully understand the reporting requirements. stions answered Question 7 Which of the following might constitute or be perceived to be a bribe, depending on the facts and circumstances? Renting out a vacation home at market value. Gifting a gift card. Offering the same discount on a product that is available to the public. Suggesting a contractor for a bathroom remodel. h ons answered Question 8 Based on conversations you have heard and information you have seen, you suspect that the senior manager for your engagement team is accepting inducements, including gifts and entertainment, from a client to overlook certain issues identified by others on the team. The senior manager has not informed others of these acceptances. What should you do? Report your suspicion to your gagement partner or another channel of communication in your KPMG firm. Speak with your other engagement team members or others who have worked with this senior manager to determine if anyone else shares your suspicion. Discuss your concerns with the senior manager to give them an opportunity to explain the situation. Nothing. Offering or receiving inducements such as gifts, entertainment or hospitality are acceptable ways of maintaining business relationships. ed Question 8 Based on conversations you have heard and information you have seen, you suspect that the senior manager for your engagement team is accepting inducements, including gifts and entertainment, from a client to overlook certain issues identified others on the team. The senior manager has not informed others of these acceptances. What should you do? Report your suspicion to your gagement partner or another channel of communication in your KPMG firm. O Speak with your other engagement team members or others who have worked with this senior manager to determine if anyone else shares your suspicion. Discuss your concerns with the senior manager to give them an opportunity to explain the situation. Nothing. Offering or receiving inducements such as gifts, entertainment or hospitality are acceptable ways of maintaining business relationships. ed Question 7 A junior member of your client's tax department reveals that your client is not disclosing income from foreign-sourced investments in its corporate tax return. He alleges that the client is doing this to minimize its taxable position. What should you do? Make further discreet inquiries at the client about the allegations. You do not need to do anything. The individual is a junior member of the client's tax department, and it is likely he does not fully understand the reporting requirements. O Inform your engagement partner immediately about the conversation. O Contact the client's legal department to let it know about the allegations the individual has made. ons answered Question 10 You are working on a deal advisory engagement for a public-company client wth a yet to be publicly announced upcoming merger. As you pass a senior manager's office, you distinctly hear him talking on the phone advising someone to purchase a large number of the client's shares. Once the merger is public knowledge, the client's share price is likely to significantly increase. What should you do? Nothing. The senior manager is likely telling someone else to buy shares for that individual's benefit rather than his own personal benefit. Immediately report what you overheard to the engagement partner or to another resource, such as your Risk Management Partner, internal legal counsel, or the KPMGI Hotline. Discuss what you heard with the senior manager and then decide if you need to take further action. Advise your relatives to buy shares in the client but do not purchase any shares yourself. Question 1 You have spoken up and now notice certain behaviors or actions from your team members. Which of the following behaviors or actions may be perceived as retaliation and are therefore unacceptable at KPMG? Being considered for new projects that may help with your professional development. Being excluded from team get-togethers such as meetings, lunches or events. Receiving answers to your questions or otherwise receiving the help you've requested. Receiving a year-end performance evaluation that includes positive feedback you received during the year. Ha Question 4 Which of the following is included in our Commitments in the Global Code of Conduct? Working with strategically identified clients and third parties. Not tolerating illegal or unethical acts. Focusing on the bottom line. Helping our people with typical tasks. Question 5 Which of the following is an example of how you can recognize microaggression? Observe and validate your own feelings of microaggression. Do nothing. Your team will voice concerns if there is microaggression. Be alert to teammates making assumptions and excluding people from informal meetings. Speak Up often so your voice is heard. Question 6 A junior member of your client's tax department reveals that your client is not disclosing income from foreign-sourced investments in its corporate tax return. He alleges that the client is doing this to minimize its taxable position. What should you do? Contact the client's legal department to let it know about the allegations the individual has made. Make further discreet inquiries at the client about the allegations. Inform your engagement partner immediately about the conversation. You do not need to do anything. The individual is a junior member of the client's tax department, and it is likely he does not fully understand the reporting requirements. stions answered Question 7 Which of the following might constitute or be perceived to be a bribe, depending on the facts and circumstances? Renting out a vacation home at market value. Gifting a gift card. Offering the same discount on a product that is available to the public. Suggesting a contractor for a bathroom remodel. h ons answered Question 8 Based on conversations you have heard and information you have seen, you suspect that the senior manager for your engagement team is accepting inducements, including gifts and entertainment, from a client to overlook certain issues identified by others on the team. The senior manager has not informed others of these acceptances. What should you do? Report your suspicion to your gagement partner or another channel of communication in your KPMG firm. Speak with your other engagement team members or others who have worked with this senior manager to determine if anyone else shares your suspicion. Discuss your concerns with the senior manager to give them an opportunity to explain the situation. Nothing. Offering or receiving inducements such as gifts, entertainment or hospitality are acceptable ways of maintaining business relationships. ed Question 8 Based on conversations you have heard and information you have seen, you suspect that the senior manager for your engagement team is accepting inducements, including gifts and entertainment, from a client to overlook certain issues identified others on the team. The senior manager has not informed others of these acceptances. What should you do? Report your suspicion to your gagement partner or another channel of communication in your KPMG firm. O Speak with your other engagement team members or others who have worked with this senior manager to determine if anyone else shares your suspicion. Discuss your concerns with the senior manager to give them an opportunity to explain the situation. Nothing. Offering or receiving inducements such as gifts, entertainment or hospitality are acceptable ways of maintaining business relationships. ed Question 7 A junior member of your client's tax department reveals that your client is not disclosing income from foreign-sourced investments in its corporate tax return. He alleges that the client is doing this to minimize its taxable position. What should you do? Make further discreet inquiries at the client about the allegations. You do not need to do anything. The individual is a junior member of the client's tax department, and it is likely he does not fully understand the reporting requirements. O Inform your engagement partner immediately about the conversation. O Contact the client's legal department to let it know about the allegations the individual has made. ons answered Question 10 You are working on a deal advisory engagement for a public-company client wth a yet to be publicly announced upcoming merger. As you pass a senior manager's office, you distinctly hear him talking on the phone advising someone to purchase a large number of the client's shares. Once the merger is public knowledge, the client's share price is likely to significantly increase. What should you do? Nothing. The senior manager is likely telling someone else to buy shares for that individual's benefit rather than his own personal benefit. Immediately report what you overheard to the engagement partner or to another resource, such as your Risk Management Partner, internal legal counsel, or the KPMGI Hotline. Discuss what you heard with the senior manager and then decide if you need to take further action. Advise your relatives to buy shares in the client but do not purchase any shares yourself. Question 1 You have spoken up and now notice certain behaviors or actions from your team members. Which of the following behaviors or actions may be perceived as retaliation and are therefore unacceptable at KPMG? Being considered for new projects that may help with your professional development. Being excluded from team get-togethers such as meetings, lunches or events. Receiving answers to your questions or otherwise receiving the help you've requested. Receiving a year-end performance evaluation that includes positive feedback you received during the year.
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Answer rating: 100% (QA)
4 b Not toler ating illegal or unethical acts The Global Code of Conduct includes a commitment to not tolerate illegal or unethical acts This means that we will not knowingly engage in any activities ... View the full answer
Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Posted Date:
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