Chapter 6 Ethics Part 1 1 Exercise 1-5 Identifying ethical terminology LO C3 Match each of the descriptions with the term or phrase it best reflects. 2 Description Term or Phrase points 1. Requires the SEC to pay whistleblowers. 2. Examines whether financial statements are prepared using GAAP it does not ensure absolute accuracy of the statements. 3. Print Procedures set up to protect company property and equipment, ensure reliable accounting, promote efficiency, and encourage adherence to policies. 4. A more effective way to stop fraud than detection. 5. Beliefs that distinguish right from wrong. 6. Three factors push a person to commit fraud: opportunity, pressure, and rationalization. 7. Regulations aimed to stop financial abuses by emphasizing effective internal controls. Saved