CJ 315 Module 1 Quiz

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2 What was the Sarbanes–Oxley Act designed to accomplish? What were the major factors that led the US Congress to develop the Sarbanes–Oxley Act?

Q9 Which of the following is a suitable disadvantage of social responsibility? a. Ethical obligation b. Public Image c. Possession of resources d. Violation of profit maximization

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Does government social security programs solve the adverse selection and moral hazard problems?

Comment on the actions of David Duncan and Nancy Temple. Which of these parties do you believe was more responsible for the Andersen saga?

Write a persuasive paragraph arguing the merits of America either adopting or not adopting IFRS?

discuss in detail the possible remedies for unethical conduct that governments can implement to combat unethical behaviour

Do ethical standards have anything to do with culture and diversity?

Is the agency problem an ethical issue or an Economic issue ?

QUESTION 2 a. Many countries are adopting IFRSs although they are not under compulsion to do so. Someare however reluctant to adopt IFRSs. State and explain briefly five (5) factors or reasonsthat may influence a country’s decision to adopt IFRSs.

Question guide: 1. What Are the Relevant Facts? 2. What is the issue of the case? 3. What Are the Ethical Issues? 4. Who Are the Primary Stakeholders? 5. What Are the Possible Alternatives? 6. What Are the Ethics of the Alternatives? 7. What Are the Practical Constraints? 8. What Actions Should Be Taken?

How does the lack of regulations or related laws affect compliance with the best ethical practices in the countries involved?