23 Which of the following is not a benefit of ethics auditing? a. It can improve...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
23 Which of the following is not a benefit of ethics auditing? a. It can improve a firm's performance and effectiveness. b. It can increase a firm's attractiveness to investors. c. It can identify potential risks. d. It can harm relationships with stakeholders. e. It can reduce the risks associated with misconduct. 24 Although both structures can create opportunities for unethical conduct, which organizational structure a. Tall b. Flat c. Centralized d. Decentralized -e. All organizational structures are equally ethical. 25 During which step of the auditing process should a firm examine all documents that make explicit commitments to ethical, legal, or social responsibility? a. Secure commitment of top managers and directors. b. Establish a committee to oversee the audit. c. Define the scope of the audit process. d. Review organizational mission, goals, values, and policies. e. Verify the results. 26 Which of the following statements about corporate culture is false? a. Corporate culture refers to the patterns and rules that govern the behavior of an organization and its employees, particularly the shared values, beliefs, and customs. b. The values and ethical beliefs that actually guide the firm's employees tend not to be the same ones that management states as defining the firm's culture. c. Corporate culture includes the behavioral patterns, concepts, values, ceremonies, and rituals that take place in an organization. d. The culture of an organization may be explicitly stated or unspoken. e. Failure to monitor or manage an organization's culture may foster unethical behavior. 27 A stakeholder orientation can be viewed as a(n) a. necessity for business success. b. continuum. c. polarizing concept. d. good marketing ploy. e. expensive proposition. 28 Independent verification of the ethics audit is important because it lends the report a. credibility and formality. 23 Which of the following is not a benefit of ethics auditing? a. It can improve a firm's performance and effectiveness. b. It can increase a firm's attractiveness to investors. c. It can identify potential risks. d. It can harm relationships with stakeholders. e. It can reduce the risks associated with misconduct. 24 Although both structures can create opportunities for unethical conduct, which organizational structure a. Tall b. Flat c. Centralized d. Decentralized -e. All organizational structures are equally ethical. 25 During which step of the auditing process should a firm examine all documents that make explicit commitments to ethical, legal, or social responsibility? a. Secure commitment of top managers and directors. b. Establish a committee to oversee the audit. c. Define the scope of the audit process. d. Review organizational mission, goals, values, and policies. e. Verify the results. 26 Which of the following statements about corporate culture is false? a. Corporate culture refers to the patterns and rules that govern the behavior of an organization and its employees, particularly the shared values, beliefs, and customs. b. The values and ethical beliefs that actually guide the firm's employees tend not to be the same ones that management states as defining the firm's culture. c. Corporate culture includes the behavioral patterns, concepts, values, ceremonies, and rituals that take place in an organization. d. The culture of an organization may be explicitly stated or unspoken. e. Failure to monitor or manage an organization's culture may foster unethical behavior. 27 A stakeholder orientation can be viewed as a(n) a. necessity for business success. b. continuum. c. polarizing concept. d. good marketing ploy. e. expensive proposition. 28 Independent verification of the ethics audit is important because it lends the report a. credibility and formality.
Expert Answer:
Answer rating: 100% (QA)
1 Answer d it can harm relationship with stakeholders Explanation Ethics auditing shows the level of ... View the full answer
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
Posted Date:
Students also viewed these accounting questions
-
Which of the following is not a governmental structural policy that supply-side economists believe would promote long-term growth in an economy? a. A redistributive tax system. b. A promotion of...
-
Which of the following is not a benefit claimed for the practice of determining materiality in the initial planning stage of an audit? a. Being able to fine- tune the audit work for effectiveness and...
-
Which of the following is not a strictly rational reason for someone to be interested in a commitment device? a. The device can eliminate the time-inconsistency problem. b. By making the decision to...
-
The trial balance of Terry manning Fashion Center contained the following accounts at November 30, the end of the companys fiscal year. Adjustment data: 1. Store supplies on hand totaled $2,500. 2....
-
Researchers from the Educational Testing Service (ETS) found that providing immediate feedback to students answering open ended questions can dramatically improve students' future performance on...
-
Eric Lane, the controller of Harrison Industries, is very popular. He is easygoing and does not offend anybody. To develop the company's most recent budget, Mr. Lane first asked all department...
-
Both PM and benefits information systems make provisions for employee access and input. What access would you provide in each of these systems, and what leeway would you provide employees in reading,...
-
On January 1, 2014, Plum Company made an open-market purchase of 30,000 shares of Spivey Company common stock for $122,000. At that time, Spivey Company had common stock ($2 par) of $600,000 and...
-
What was an effective part of the content of the speech? What was the most effective part of the delivery of the speech? How could content be improved? How could delivery be improved?
-
Kalogridis Corp. manufactures industrial dye. The company is preparing its 2011 master budget and has presented you with the following information: a. The projected December 31, 2010, balance sheet...
-
Pop Eye Company manufactures two types of sailboats, Simple and Complex. Simple is a high-volume product that is relatively simplistic in nature while complex is a low-volume complex manufacturing...
-
If a cake requires baking at 350F for 30 minutes, but you want to bake it at 375F, how long should you bake it to achieve the same level of doneness?
-
A VC raises a $440m venture fund and makes 28 investments. a. Roughly how much does the VC initially invest in each of these portfolio companies ($s, on average)? b. Roughly how much does the VC...
-
You just won the lottery. You have chosen the annuity option which gives you a total of 16 annual cash payments of $5,000 each, with the first payment being made one year from today. You decide to...
-
Bond valuation . A taxexempt bond was recently issued at an annual 7 percent coupon rate and matures 20 years from today. The par value of the bond is $5,000. If required market rates are 7 percent,...
-
Research financial websites (provide the link ) that also help calculate future values and design a savings plan for a future dream purchase (home, boat, car, etc.). How long will it take you to...
-
Raceone Fields, Inc., securities were sold in 20X7. The fair value on 12/31/20X6 was $14 per share. In 20X6, $395 was recorded on the books as a realized holding gain to OCI. In 20X7, $711 gain was...
-
A line l passes through the points with coordinates (0, 5) and (6, 7). a. Find the gradient of the line. b. Find an equation of the line in the form ax + by + c = 0.
-
What is meant by material information in accounting and auditing?
-
Big-deal Corporation manufactures paper and paper products and is trying to decide whether to purchase Smalltek Company. Smalltek has developed a process for manufacturing boxes that can replace...
-
The firm of Anderson, Olds, & Watershed (AOW) is the group auditor for the December 31, 2014, consolidated financial statements of Ferguson Company and subsidiaries. However, component auditors...
-
Each diagram in Figure 10. 24 indicates the momentum of an object before and after a single force is exerted on it. For each case determine the direction of the force. Data from Figure 10 . 24 (a)...
-
Draw the sum \(\vec{A}+\vec{B}\) and the difference \(\vec{A}-\vec{B}\) of each vector pair in Figure 10. 23 . Data from Figure 10 . 23 88 (a) (9) L 189 (c) 109 F V 100 B (P)
-
While driving to school, you place your coffee cup on the dashboard. Which type of force of friction allows the cup to stay put on the dashboard when the car speeds up? Does this force do any work on...
Study smarter with the SolutionInn App