What responsibility, if any, does an accountant of a public company have when he or she discovers that the client has violated a law? How does the accountant’s position on the company’s employment hierarchy affect that responsibility, if at all? What responsibility does an auditor of a public company have if he or she discovers illegal acts by the client? Does the auditor’s position on his or her firm’s employment hierarchy affect this responsibility?
Answer to relevant QuestionsDoes an audit firm of an SEC registrant have a responsibility to apply audit procedures intended to determine whether the client has complied with the FCPA? Defend your answer.Jon Fries (CEO), Fletcher Anderson (COO), Craig Schuster (CFO), and Catherine Sprauer (division controller) were the four central figures in this case. Identify the key responsibilities associated with the professional roles ...Accounting majors are preparing to enter a profession recognized as having one of the strongest and most rigorously enforced ethical codes. Given this fact, do you believe that accounting majors have a greater responsibility ...Before interviewing with the two St. Louis accounting firms, did Arvel have an obligation to inform them that he had an outstanding job offer from a Big Four practice office in Kansas City? Why or why not?Identify the parties who had a stake in, or would be affected by, the outcome of the ethical dilemma faced by William Makadok in 1990. What obligation, if any, did Makadok have to each of these parties?
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