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The standard of professional behaviour come for the following except
The body established to use Due Process mechanism to ensure transparency and accountability in procurement is
While performing your Audit function as a professional, your client offered you weekend at Obudu as the company guest. This contravenes the principle of
The branch of ethics that enable one carries additional moral responsibilities on an informed decision on behalf of the public is
What is meant by the phrase ‘teleological ethics’?
For Karl Marx, where do our values come from?
Codes of conduct and codes of ethics
Which of the following is NOT one of the primary elements of a strong organizational compliance program?
Which of the following is a basic definition of ethics?
A quality of a whistle blower include
Ethical Dilemma arises where there is
A Professional Accountant owes a professional duty of exercising good judgment and Accountability to
The community in which a firm operates would not be considered a stakeholder of the firm.
One form of consequentialism is utilitarianism.
A company is struggling to make a decision but the manager finds there is no clear right decision available. This is an example of
How do law and business ethics relate to each other?
Which of the following are stakeholders of a business?
Positive abstractions that capture our sense of what is good or desirable are called ________.
Which of these means acting on the basis of the recognition that certain actions are right or wrong, regardless of their consequences?
The basis of consequentialism is ________.
_________is a complex situation that often involves an apparent mental conflict betweenmoral imperatives, in which to obey one would result in transgressing another.
____________ is an attitude that includes a questioning mind and a critical assessment of audit evidence.
Public oversight is an example of the concept of _________.
_____________ approach to ethics gives priority to regulations and policies as a means of determining ethical behaviour.
The theory of ethics proposed by Aristotle that looks at a person’s individual character, not necessarily his actions is called ______________
The qualitative characteristics of financial statements are Reliability, Comparability, Relevance, and ________
Ethical conversation is primarily about finding the one and only right thing to do. True or False?
The terms shareholder and stakeholder have the same meaning. True or False?
Kantian ethics is associated with which of the following ethical theories?
The ethical system in which the development of virtues, or positive character traits such as courage, justice, and truthfulness, is the basis for morality is called ________ ethics.
Which of these means acting on the basis of the recognition that certain actions are right or wrong, regardless of their consequences?
The ________ are responsible for preparing the financial statements in accordance with applicable law and regulations.
Making a product appear more ethical than it really is called_______.
In a centralized organization, decision making is delegated as far down the chain of command as possible. True or False?
Acceptability is one of the underlying principles of the corporate governance. True or False?
The acronym OECD means
An organization that is owned by shareholders but managed by agents on their behalf is conventionally known as the modern_______
Mention one (1) of the four ANAN Code of Ethics
The acronym IFAC means
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Case Study on Ethical Dilemma: Non-disclosure to Auditors
You are employed as an accounting systems manager in a company that manufactures heavy plant. You and the financial controller both report to the finance director.
During your work, you overhear the financial controller saying that he has not been disclosing certain things to the external auditors. These include the fact that a recent acquisition has resulted in a large piece of machinery becoming redundant and of very little value. You are unsure whether to believe this, but you are concerned that the culture within the finance department appears to be one of antagonism towards the external auditors, who are (unreasonably in your opinion) seen as adversaries of the company.
In addition, you have heard that a bribe was paid to an overseas company to secure a sales contract. You feel uneasy about the situation, and you are concerned that the close relationship between the financial controller and the finance director may prevent you from exploring the accuracy of the information that you have received.
This response will be reviewed and graded after submission.
a. Explain the concept of ‘Whistle Blowing
b. What are the mechanisms of ensuring accountability and transparency in governance?
This response will be reviewed and graded after submission.