Ethics 23 Sections 1

Subject: Business Ethics You are the Chief Finance Officer (CFO) of your business organization. Your company recently received a letter of authorization from a government agency (I will not mention the name anymore, but I am confident you know its agency).  After going through your records, the government agency representatives reported to your Chief Accountant that your company has a tax payment deficiency of Php 10 million.  Your Chief Accountant told you that representatives of the government agency could lower the flaw by half if your company is amenable to a particular settlement. As the company's CFO, what is your take on the matter?

Limited benefit plans are designed to: O A. O B. O C. O D. provide additional insurance coverage for named diseases insure business owners only for all diseases protect employees for the loss of life insurance pay for unemployment Expenses

Under federal law, a tax exempt Health Savings Account can only be opened for an individual who is Ο Α. covered by a qualified High Deductible Health Plan covered by Long Term Care Insurance entitled to Medicare benefits eligible to be claimed as a dependent on another person's tax return B. OC. O D.

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Which of the following is NOT true regarding agency costs and agency problems? Group of answer choices A)The cost of video cameras installed in stores to limit shirking by managers is a direct agency corporation B)A number of features of a modern economy moderate the potential impact of agency costs. C)A store manager purchases a corporate jet without authorization. This is an example of a direct agency cost. D)The potential for agency problems are larger in a corporation than in a sole proprietorship.

SLO-2.3. Which of the following is an advantage of a sole proprietorship? OThe owner has unlimited liability OThe business ceases to exist when the owner dies OThere is a limit to the amount one person can borrow OProfits are taxed as individual income

It's is introduction to business question please solve the question within 30 minutes.

Give typed full explanation  Unbeknownst to a physician in private practice, her medical assistant has been falsifying ICD-10-CM and CPT codes to ensure a greater reimbursement from insurers (including from the federal government for Medicare), and has been pocketing the difference. The Federal Office of the Inspector General conducts an audit based on a tip from a former employee, and uncovers the scheme. What, if any, is the physician's criminal liability in this case? Why? Please note any regulations or court

10. Give three specific examples of a way in which the government has influenced an organization. Then give three specific examples of a way in which an organization has influenced the government. Do you think the government's actions were ethical? Were the company's actions ethical? Why or why not? Facus Accessibility: Unavailable Jan 30, 2022, 12:52 PM

Subject : Accounting

Consider the following statement:   “The public's perception of corporate ethics changed dramatically with the revelation of the unethical decision-making at Enron, WorldCom, Adelphia, Tyco International, Peregrine Systems and iVillage. The scandals took a toll on consumers' confidence and portfolios, and undermined their faith in the accounting profession. Corporate stakeholders have called for more transparent financial reporting and evidence of better ethical conduct”.   Required:  Describe and explain THREE (3) broad categories of fraud schemes that may arise base on the situation above. Give one example for each category.

3. The practice of corporate social responsibility necessitates writing contracts between donors and their recipients. * O TRUE O FALSE

During class Professor Jenkins' discussed ethics in depth. Which of the following bodies of rules apply to accountants in tax practice: O Treasury Circular 230 O AICPA Statements on Standards for Tax Practice ("SSTS") O AICPA Code of Professional Conduct ASC Topic 740 Accounting for Income Taxes O All are applicable standards to accountants in tax practice.

Mr.Mohammed had purchased a mobile phone for 100 riyals from a shop in Nizwa with one year warranty. After one month the mobile screen display is not working he approached the shop. But the shopkeeper denied to replace or repair the phone In this situation which office Mr.Mohammed can approach for lodging a complain? on O a. Consumer protection office O b. Chamber of commerce Oc Capital market authority O d. All the options are correct

You are required discuss the appropriate defense for each of the scenario below. • A statement made in the federal Parliament • A statement made in a press conference • A political cartoon in a newspaper • A complaint about a lawyer made to the Law Society

After searching for following information online: a.WorldCom fraud b.Background of the CEO, Bernie Ebbers c.How WorldCom’s market capitalization grew to one of the largest firms in the US d. Information on the trial and related court testimony that convicted Bernie Ebbers e. The internal audit team’s role in discovering and reporting the fraud to the Board of Directors, and f. The role WorldCom's Controller played in the fraud. Question 1: The Fraud Triangle consists of perceived pressure, perceived opportunity, and rationalization.  Based upon the research performed, how does the fraud triangle applies to the following players in this fraud: - Bernie Ebbers, the CEO - WorldCom's Controller Question 2: During court testimony, in what ways did Bernie Ebbers try to rationalize his behavior as CEO of WorldCom while this fraud was being perpetrated?  Describe and specify how Ebbers attempted to rationalize his behavior and your thought or thoughts to his rationalization testimony.

After searching for following information online: a.WorldCom fraud b.Background of the CEO, Bernie Ebbers c.How WorldCom’s market capitalization grew to one of the largest firms in the US d. Information on the trial and related court testimony that convicted Bernie Ebbers e. The internal audit team’s role in discovering and reporting the fraud to the Board of Directors, and f. The role WorldCom's Controller played in the fraud. Question 1: Compare the lack of asset forfeiture between Bernard Ebbers and Bernard Madoff. Question 2: To what extent is it agreeable with Judge Caproni’s statement that Ebbers essentially served a life sentence? Please provide references.

4 of 15 Which one of the following statements is false? The ask price is the lowest price at which a seller will sell When liquidity is low, market brokers require a larger bid-ask spread O The bid price will almost always be higher than the ask price O When bid-ask spreads are high, it suggests there are many sellers and few buyers O The bid price is the highest price a buyer will pay O When trading volumes are low the market is illiquid None of the above O All of the above

The Board of ABC, a large drinks manufacturer, decided to set up an internal audit function. The proposal was appointing an internal auditor at mid-management level who would report directly to the finance director. ABC had recently expanded its product range, and this had created the need for greater control over internal activities. The need was highlighted by a recent event where internal quality checks were not carried out and thousands of units of production were wasted as a result. The board discussed whether to promote internally or appoint the new internal auditor from outside the company and they also expressed concerns over the authority the internal auditor may expect. Although they recognised the post as important, they believed too much authority might compromise the operational effectiveness of other departments. Required: a. Discuss the issues raised by the Board of ABC regarding the appointment of an internal auditor. In your discussion, recommend how the issues can be…

The Board of ABC, a large drinks manufacturer, decided to set up an internal audit function. The proposal was appointing an internal auditor at mid-management level who would report directly to the finance director. ABC had recently expanded its product range, and this had created the need for greater control over internal activities. The need was highlighted by a recent event where internal quality checks were not carried out and thousands of units of production were wasted as a result. The board discussed whether to promote internally or appoint the new internal auditor from outside the company and they also expressed concerns over the authority the internal auditor may expect. Although they recognised the post as important, they believed too much authority might compromise the operational effectiveness of other departments. Required: a) Discuss the issues raised by the Board of ABC regarding the appointment of an internal auditor. In your discussion, recommend how the issues can…

Ever heard of Art Buchwald? He was a famous writer for the Los Angeles Times and is credited writing certain movie scripts. One script was for the movie "Coming to America" for which he won a lawsuit against Paramount Studios. Art Buchwald claimed that he never knew a movie that made money - a reference to the unique accounting methods studios had. More about that some another time. A few years back, before everything went digital, movies were shown in theatres via 35mm reels. These reels were the size of a small car tire. Each reel (called a duplicate because they duplicated the master copy) may cost up to $1500 and some movies needed two reels. If a movie was thought to be a potential hit the distribution arm of the studio would arrange for the movie to be sent to 2000-2500 movie theatres all over the nation. So, you see this would be a major cost to the production company. Studio's set up a job cost system for each movie and kept track of all production costs and revenue…

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business question Read the pages and make a BRIEF summary of them with your own words, please. Mention important parts. Also, you will put your comments and ideas about the topic. please don't write item by item.

The concept of ethics deals with O a. the profitability of a business O b. the wrongful act of children O c. the financial status of human O d. right and wrong conduct

Pls help ASAP