Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN: 9781305080577
Author: Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher: South-Western College Pub
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Textbook Question
Chapter 4, Problem 52RSCQ
Refer to Exhibit 4.4. Briefly explain the seven steps in the framework for ethical decision making. Provide an example of a difficult ethical decision that you have recently made, and use the framework to help you make a decision using the seven steps. (An example might be a decision to challenge a friend who has done something wrong or a decision to report on a person that you know was cheating on an exam.)
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Explain the steps that apply your own sense of right and wrong to ethical dilemmas.
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Ahmed seeks help of his friend Mohammed whenever he wants to take an ethical decision. Which of the following steps in Ethical decision-making does it represent?
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Chapter 4 Solutions
Auditing: A Risk Based-Approach to Conducting a Quality Audit
Ch. 4 - Prob. 1TFQCh. 4 - Prob. 2TFQCh. 4 - Prob. 3TFQCh. 4 - Prob. 4TFQCh. 4 - Prob. 5TFQCh. 4 - Prob. 6TFQCh. 4 - Prob. 7TFQCh. 4 - Prob. 8TFQCh. 4 - Utilitarian theory holds that what is ethical is...Ch. 4 - Prob. 10TFQ
Ch. 4 - Prob. 11TFQCh. 4 - Prob. 12TFQCh. 4 - Prob. 13MCQCh. 4 - Prob. 14MCQCh. 4 - Prob. 15MCQCh. 4 - Prob. 16MCQCh. 4 - Prob. 17MCQCh. 4 - Prob. 18MCQCh. 4 - Prob. 19MCQCh. 4 - Prob. 20MCQCh. 4 - Prob. 21MCQCh. 4 - Prob. 22MCQCh. 4 - Prob. 23MCQCh. 4 - Prob. 24MCQCh. 4 - Prob. 25RSCQCh. 4 - Prob. 26RSCQCh. 4 - Prob. 27RSCQCh. 4 - Prob. 28RSCQCh. 4 - Prob. 29RSCQCh. 4 - Prob. 30RSCQCh. 4 - Refer to the Focus on Fraud feature “Moss Adams...Ch. 4 - Prob. 32RSCQCh. 4 - Prob. 33RSCQCh. 4 - Prob. 34RSCQCh. 4 - Prob. 35RSCQCh. 4 - Prob. 36RSCQCh. 4 - Prob. 37RSCQCh. 4 - Prob. 38RSCQCh. 4 - Prob. 39RSCQCh. 4 - Prob. 40RSCQCh. 4 - Prob. 41RSCQCh. 4 - Prob. 42RSCQCh. 4 - Prob. 43RSCQCh. 4 - Prob. 44RSCQCh. 4 - Prob. 45RSCQCh. 4 - Prob. 46RSCQCh. 4 - Prob. 47RSCQCh. 4 - Prob. 48RSCQCh. 4 - Prob. 49RSCQCh. 4 - Prob. 50RSCQCh. 4 - Prob. 51RSCQCh. 4 - Refer to Exhibit 4.4. Briefly explain the seven...Ch. 4 - Prob. 53RSCQCh. 4 - Prob. 54RSCQCh. 4 - Prob. 55RSCQCh. 4 - Prob. 56RSCQCh. 4 - Prob. 57RSCQCh. 4 - Prob. 58RSCQCh. 4 - Prob. 59RSCQCh. 4 - Prob. 60RSCQCh. 4 - Prob. 61RSCQCh. 4 - Prob. 62RSCQCh. 4 - Prob. 63RSCQCh. 4 - Prob. 64RSCQCh. 4 - KPMG (LO 1, 2, 3) KPMG LLP served as the external...Ch. 4 - Prob. 66FF
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Similar questions
- Which of the following is not a step in the outline for examining ethical issues? Establish the facts of the situation. Evaluate each course of action. Make a decision. Confirm decision with FASB.arrow_forwardProvide best Answer As per posible fastarrow_forwardWhich of the following statements about ethical choices and dilemmas are true, according to the text? MARK ALL THAT APPLY An ethical dilemma is defined as a situation where two or more "right" values are in conflict. Ethics can be defined in terms of individual and/or group principles, norms, and standards of conduct. Ethical choices can be considered highly personal and relative. All ethical choices are clear-cut enough that we can decide what to do rather easily because they pit "right" against "wrong." Ethical dilemmas represent conflicts in values.arrow_forward
- DUE CARE (AICPA) What are some examples of a difficult situation that due care may face? What would an ethical response be to thoses examples be? And lastly why might a practitioner be tempted to or accidentally not take an ethical course of action? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.arrow_forwardAccording to the framework for ethical decision making, which of the following should the decision maker consider? Question 4 options: All possible alternative courses of action. The consequences associated with possible actions. Whether the rights framework would cause any course of action to be added. All of the above.arrow_forwardThe process of ethical decision making involves commitment, consciousness, and competency. Identify the choice that describes ‘consciousness” choose correct answer a.ability to collect and evaluate information and foresee potential risks b.awareness to act consistently and apply morals in everyday behavior c.ability to evaluate information and develop alternatives d.desire to do the right thing regardless of the costarrow_forward
- In his research into the components of ethical decision making, Rest raised the following issue: Assuming someone possesses sound moral reasoning skills, “Why would they ever chose the moral alternative, especially if it involves sacrificing some personal value or suffering some hardship? What motivates the selection of moral values over other values?” How does Rest’s model deal with such a question? How would you answer it from the point of view of an accounting professional?arrow_forwardEmotional self-awareness refers to understanding your own feelings, what causes them, and how they impact your thoughts and actions. It is widely known that ethical dilemmas involving other employees/managers are inherently emotional. Researchers have found that such strong negative emotions as sadness and anger influenced individuals to make less ethical decisions, and that emotional intelligent individuals were able to make ethical decisions against the biasing influence of those negative emotions. Explain how moods could influence the thought process and ethical decision making. Have you made a decision you later regretted based on your emotional response?arrow_forwardDescribe one professional experience in which you used evidence as the basis for decision making and one experience in which you made a decision without evidence for support. For each of the situations described, explain how the use of evidence (or the lack of it) impacted the outcome of your decision making. Be specific in terms of positive and negative impacts.arrow_forward
- In teaching about moral development, instructors often point out the threefold nature of morality: It depends on emotional development (in the form of the ability to feel guilt or shame), social development (manifested by the recognition of the group and the importance of moral behavior for the group’s existence), and cognitive development (especially the ability to adopt another’s perspective). How does this perspective of morality relate to ethical reasoning by accountants and auditors?arrow_forwardPut the following in the correct order to assess an ethical threat: i) Make a decision. ii) Consider the ethical issue and the ethical threat involved. iii)Assess the facts to understand the issue. iv)Discuss any potential safeguards to reduce the threat. None of the above ii), iii), i), iv) i), iii), ii), iv) ii), iii), i), iv) iii), ii), iv), i)arrow_forwardA major theme of this chapter is that our cognitive processes influence ethical decision making. Use the theme to comment on the following statement, which various religions claim as their own and has been attributed to Lao Tzu and some say the Dalai Lama: “Watch your thoughts; they become your words.Watch your words; they become your actions.Watch your actions; they become your habits.Watch your habits; they become your character.Watch your character; it becomes your destiny.”arrow_forward
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