Label Each Question:

Question 1

Why is professional judgment important in accounting?

Question 2

At which stage of moral development are most accountants and auditors with respect to their ethical decision-making? What factors are responsible for them being at that stage? How does that relate to their level of moral reasoning?

Question 4

Susie, a newly graduated BBA in accounting, has started job with the state budgeting office. Susie has responsibility over travel expenses expense accounts. The state has a travel policy stating that a state employee may be reimbursed up to $90 per night for a hotel room and up to $40 per day for meals, as long as the employee turns in food receipts. On the first expense account Susie works on the employee has a hotel receipt for $130 a night but no food expenses. Susie

processes the reimbursement for $90. The employee becomes irate as his reading of the travel policy is that he can be reimbursed for $130 a night for hotel and food with a receipt. The employee claims this has never been a problem in the

past and has always been reimbursed $130 a night whether for hotel only or both hotel and food.

Discuss which ethical theories supports Susie AND the employee's take on the travel policy.

Question 8

Why do ethicists consider integrity to be the foundation of ethical behvaior?

Question 10

How do the PCAOB rules attempt to strengthen the obligations of a CPA to be independent of clients and perform services objectively? Be specific by identifying least two rules.

Question 11

Tommy Hubbs is the controller of XYZ Corporation. Recently, Hubbs was approached by Carol Franks, the CFO, and told in no uncertain terms.to record $100,000 in revenue at the end of 2013 even though the sale was not made until January 3, 2014. Assume Hubbs decides not to go along with Franks' dictum. What steps should he take in trying to resolve the matter?