Podcast
Questions and Answers
What is a key ethical issue related to employee and management conflicts?
What is a key ethical issue related to employee and management conflicts?
Which ethical principle emphasizes that the benefit from a decision must outweigh the risks?
Which ethical principle emphasizes that the benefit from a decision must outweigh the risks?
In which situation might the implementation of a new computer information system within an organization lead to ethical concerns?
In which situation might the implementation of a new computer information system within an organization lead to ethical concerns?
What is a common ethical issue associated with questionable business practices in foreign countries?
What is a common ethical issue associated with questionable business practices in foreign countries?
Signup and view all the answers
What type of ethical issue does the SEC written code of ethics address in relation to conflicts between personal and professional relationships?
What type of ethical issue does the SEC written code of ethics address in relation to conflicts between personal and professional relationships?
Signup and view all the answers
Which aspect is covered under 'FULL AND FAIR DISCLOSURES' in the SEC written code of ethics?
Which aspect is covered under 'FULL AND FAIR DISCLOSURES' in the SEC written code of ethics?
Signup and view all the answers
What does the SEC code require regarding 'INTERNAL REPORTING OF CODE VIOLATIONS'?
What does the SEC code require regarding 'INTERNAL REPORTING OF CODE VIOLATIONS'?
Signup and view all the answers
Which legislation addressed declining investor confidence due to business failures and accounting restatements by enacting laws in 2002?
Which legislation addressed declining investor confidence due to business failures and accounting restatements by enacting laws in 2002?
Signup and view all the answers
What is the primary purpose of preventive controls?
What is the primary purpose of preventive controls?
Signup and view all the answers
Which component sets the tone for the organization and influences the control awareness of management and employees?
Which component sets the tone for the organization and influences the control awareness of management and employees?
Signup and view all the answers
What is the main difference between Detective and Corrective controls?
What is the main difference between Detective and Corrective controls?
Signup and view all the answers
Why was the COSO framework designed?
Why was the COSO framework designed?
Signup and view all the answers
What is the key difference between bribery and illegal gratuities?
What is the key difference between bribery and illegal gratuities?
Signup and view all the answers
In conflicts of interest, an employee may act on behalf of a third party or have self-interest during the discharge of duties. Which situation does a conflict of interest typically involve?
In conflicts of interest, an employee may act on behalf of a third party or have self-interest during the discharge of duties. Which situation does a conflict of interest typically involve?
Signup and view all the answers
What distinguishes economic extortion from other forms of corruption?
What distinguishes economic extortion from other forms of corruption?
Signup and view all the answers
What type of asset misappropriation involves stealing cash from an organization before it is recorded on the books?
What type of asset misappropriation involves stealing cash from an organization before it is recorded on the books?
Signup and view all the answers
![[Republic Act No. 3019] Anti-Graft and Corrupt Practices Act](https://images.unsplash.com/photo-1517672651691-24622a91b550?crop=entropy&cs=srgb&fm=jpg&ixid=M3w0MjA4MDF8MHwxfHNlYXJjaHwyN3x8VU5DQUMlMjBjb3JydXB0aW9uJTIwZGVmaW5pdGlvbiUyMGFudGktY29ycnVwdGlvbiUyMFVuaXRlZCUyME5hdGlvbnN8ZW58MXwwfHx8MTcwNTQ4NjAzNnww&ixlib=rb-4.0.3&q=85&w=800)
