Business Essentials (11th Edition)
11th Edition
ISBN: 9780134129969
Author: Ronald J. Ebert, Ricky W. Griffin
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Question
Chapter 15, Problem 15.29C
Summary Introduction
Case summary:
The case deals with the future directions for the modern accountant. The role of the traditional accountant was analyzing past data, providing interpretation of financial data, and creating financial statements. The roles of modern Certified Public Accountant are demonstrating financial implications for overall operations, human resources, technical resources, data management, and strategy.
The trends that are emerged to the additional roles of the modem accountant are as follows:
- Project management in the expanded role of an accountant
- Social media has changed relationships and the way business is conducted
- Effectiveness as a communicator is a must for the accountant
- Fewer restrictions from physical and geographic boundaries.
To determine: The ways in which the case discussion can be applied to forensic accountants rather than to CPAs.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
How does the Code of Ethics help the professional accountants and professional information system auditors in terms of performing their services?
For how long does the Sarbanes–Oxley Act require auditors ofpublic companies to retain audit documentation?
Discuss the importance of financial statements to a company and its investors and creditors and whymanagement may take steps to improve the appearance of the company in its financial statements.
Chapter 15 Solutions
Business Essentials (11th Edition)
Ch. 15 - Prob. 15.1QRCh. 15 - Prob. 15.2QRCh. 15 - Prob. 15.3QRCh. 15 - Prob. 15.4QRCh. 15 - Prob. 15.5QRCh. 15 - Prob. 15.6QACh. 15 - Prob. 15.7QACh. 15 - Prob. 15.8QACh. 15 - Prob. 15.9AECh. 15 - Prob. 15.10AE
Ch. 15 - Prob. 15.11ACh. 15 - Prob. 15.12ACh. 15 - Prob. 15.13ACh. 15 - Prob. 15.14ACh. 15 - Prob. 15.15ACh. 15 - Prob. 15.20EECh. 15 - Prob. 15.21EECh. 15 - Prob. 15.22EECh. 15 - Prob. 15.23CCh. 15 - Prob. 15.24CCh. 15 - Prob. 15.25CCh. 15 - Prob. 15.26CCh. 15 - Prob. 15.27CCh. 15 - Prob. 15.28CCh. 15 - Prob. 15.29CCh. 15 - Prob. 15.30CCh. 15 - Prob. 15.31C
Knowledge Booster
Similar questions
- What do auditors do if they find that applicable accounting principles are not being met when reviewing financial statements?arrow_forwardHow should CPA's evaluate risks to integrity and objectivity when considering providing gifts to audit clients and/or client management or accepting risks from them?arrow_forwardWhy is it so important to compare a firm's financial statements with those of previous years, those of competitors, and the average of all firms in the industry in which the firm operates?arrow_forward
- What are the various methods of financial statement analysis and how are they used by investors, creditors, and other stakeholders?arrow_forwardShould a management accounting system provide both financial and nonfinancial information?arrow_forward2. What fundamental ethical principles for accountants are most applicable and is there an apparent conflict between them?arrow_forward
- Discuss the conceptual framework for financial reporting. What are its main objectives, qualitative characteristics, and elements of financial statements? How does the conceptual framework guide the development of accounting standards?arrow_forwardWhich of the following questions would an auditor likely include on an internalcontrol questionnaire for notes payable?(1) Are assets that collateralize notes payable critically needed for the entity’s continued existence?(2) Are two or more authorized signatures required on checks that repay notes payable?(3) Are the proceeds from notes payable used for the purchase of noncurrent assets?(4) Are direct borrowings on notes payable authorized by the board of directors?arrow_forwardWhat are the advantages and disadvantages of using financial statements as a tool to analyze company performance?arrow_forward
- (1) Why would a private accountant bother withbecoming a CPA? (2) What effect can unreliable oruncertain accounting have on the economy?arrow_forwardOutline ways in which you as Management Accountant will contribute to the efficient and economic operation of the company.arrow_forwardCost & Managerial Accounting and the Business Environment. Understand the importance of upholding ethical standards in details.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Foundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage LearningFoundations of Business - Standalone book (MindTa...MarketingISBN:9781285193946Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning