Erica works in the accounting department at Spartans Inc. creating budgets. Based on her forecasts, she believes earnings will fall short of analysts' projections. She tells her aunt to sell stock in the company before the earnings release date. Which, if any, ethical standards did Erica violate? O Integrity - failure to abstain from activities that might discredit the profession. O Integrity - failure to mitigate conflicts of interest. Confidentiality - failure to refrain from using information for an unethical advantage. O Competence - failure to provide information that is accurate, clear, and concise. O Credibility - failure to provide all relevant information that could influence a decision. O Confidentiality - disclosure of confidential information without authorization or legal requirement.

Erica works in the accounting department at Spartans Inc. creating budgets. Based on her forecasts, she believes earnings will fall short of analysts' projections. She tells her aunt to sell stock in the company before the earnings release date. Which, if any, ethical standards did Erica violate? O Integrity - failure to abstain from activities that might discredit the profession. O Integrity - failure to mitigate conflicts of interest. Confidentiality - failure to refrain from using information for an unethical advantage. O Competence - failure to provide information that is accurate, clear, and concise. O Credibility - failure to provide all relevant information that could influence a decision. O Confidentiality - disclosure of confidential information without authorization or legal requirement.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Jones is a purchasing officer for Smith & Co. He buys exclusively from Brown even though other suppliers are better and cheaper. Jones has an undisclosed interest in Brown’s business. This situation would be classified as ______________. A. Embezzlement. B. Larceny. C. Conflict of interest. D. Insider trading.
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