Are accountants and auditors moral agents of corporations and society? Explain.

Q: How does the Sarbanes–Oxley Act contribute to accurate and quality financial reporting by public…

A: Sarbanes Oxley Act:   Sarbanes Oxley Act is a federal law established auditing and financial…

Q: What is the role of the Public Company Accounting Oversight Board?

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Q: What is the Machiavellian approach to decision making?

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: What is the purpose of the Code of Professional Conduct for the accounting profession?

A: A code of ethics must have traditionally been the conventional mechanism whereby a profession…

Q: Explain breifely about the theories of accounting regulation – public interest theory, capture…

A: The four theories of accounting regulation are: Public interest theory, Capture theory, Economic…

Q: Explain the relevance of law to accountants in their capacity as business owners. Include any…

A: The importance of the role of professional accountants in business in ensuring the quality of…

Q: What is the “special function” that auditors perform? Whom does the public accounting profession…

A: Auditing:   It is an independent examination of the financial information of an organization to test…

Q: corporate governance principles

A: Corporate governance is an important aspect in accounting. We can say that corporate governance…

Q: or in the implementation of cor

A: Auditing plays a key role in Corporate Social Responsibility (CSR) and corporate governance.…

Q: What is Corporate Governance? What are attributes and the importance?

A: Good corporate governance is beneficial to corporate success and economic growth in the long run. In…

Q: The following questions are about corporate governance and executive compensation: (a) How does…

A: The ethics is a branch of philosophy that describes regulation, protecting, and suggesting the right…

Q: Discuss the impact that corporate scandals have had on the accounting profession, including forensic…

A: Corporate scandals: Corporate scandals mean the misstatements or misappropriations made by…

Q: What is meant by the professional designations CPA, CMA,and CIA, and how do these designations add…

A:

Q: hat is the difference between internal corporate governance to external corporate governance in…

A: Internal corporate governance: Internal corporate governance controls monitor activities and then…

Q: How does the Sarbanes–Oxley Act contribute to accurate and quality financial reporting by public…

A: Sarbanes Oxley Act:   Sarbanes Oxley Act is a federal law established auditing and financial…

Q: What is the cornerstone of accounting ethics?

A: Introduction: Accounting ethics is a subset of applied ethics that is linked to business ethics and…

Q: Why are stakeholders important in accounting ethics?

A: Stakeholders' refers to the person(s) or a group who has some interest in a company and can be…

Q: In a public corporation, the agency conflict is: O the exploitation of the workers by the owners the…

A: Agency Conflict refers to Conflict between the agents and owners of the company  Agents refers to…

Q: should corporate governance practices be included as part of legislation or is it preferable to…

A:

Q: How has the Sarbanes-Oxley Act had a significant impact on corporate governance?

A: Auditing: In auditing, auditors verify the correctness and fair presentation of financial…

Q: How do the responsibilities of private accountantsand public accountants differ?

A: A public accountant works with a public accounting company that provides other companies,…

Q: d ho

A: Agency relationship : An agency connection can be understood as the fiduciary relationship in which…

Q: Explain the key principles that financial managers use when making business decisions and Describe…

A: A business organization is defined as an entity that is being incorporated with the aim to carry on…

Q: What else is bookkeeping, and how does it relate to the corporate world

A: Accounting is the process of recording, summarizing, reporting the financial transactions that take…

Q: what is the link between compliance with standards and the value of the firm's accounting and…

A: Accounting standards are prepared under the supervision of the Accounting Standard Board. Each and…

Q: Why is the public’s image of the accounting profession important and how does Ethics for Accountants…

A: Accounting is the presentation of the financial results to show the true and fair view of accounts.…

Q: Explain why establishing accounting standards is characterized as a politicalprocess

A: The standard setting process is a political process that is affected by the impact of several…

Q: Discuss about the role of Corporate Governance in protecting the rights of the Shareholders.

A: Corporate Governance is a practice introduced by the market regulator for better disclosure and…

Q: Differentiate Private from Public Accountants?

A: Accountants are the professionals that are engaged in the work related to accounting and taxation of…

Q: What are the advantages and disadvantages of a ‘comply or explain’ model of corporate governance?

A: "Comply or explain" model of corporate governance - The purpose of 'comply or explain' model is to…

Q: Why do we need internal, external and government auditor in a company?

A: An auditor is a person who is authorized to review and verify the correctness of financial documents…

Q: That companies must follow the laws and regulations including company law, tax law and environmental…

A: Internal controls are policies incorporated by the Management to safeguard the assets of the…

Q: what is the importance of being a good corporate citizen

A: A good corporate citizen means being guided by strong moral and ethical standards in daily…

Q: What are the basic code of ethics for an Accountant working in a Multinational Company? What could…

A: A Professional Accountant is required to comply with the following fundamental principles : A.…

Q: Explain the Purpose of Corporate Governance

A: Corporate governance means that the governance that involves the members of the board, governors,…

Q: Why do you think ethics is so important in accounting and business in general

A: Ethics in Accounting and business mean a set of specific guidelines or code of conduct which are…

Q: What characteristics of the board of directors usually lead to effective corporate governance?

A: Corporate governance: It is the blend of laws, strategies, or laws that run, direct or oversee…

Q: What are the responsibilities of management described in Section 404 of the Sarbanes-Oxley Act? What…

A: Following are the responsibility of Management describe in section 404 of the Sarbanes-Oxley Act:…

Q: What really is accountants, and how does it apply to the business world?

A: Introduction:- Accounting plays important role in every business because it helps you track income…

Q: eXtensible Business Reporting Language

A: XBRL (extensible Business reportage Language) XBRL (extensible Business reportage Language) may be…

Q: ir financial statement presentations

A: Earlier, financial reports were made physically, but with automation, the time has changed. Now…

Q: What is the role of an internal auditor in enhancing good corporate governance

A: Internal auditor is an individual or firm which is internal to the organisation and he checks and…

Q: Why  is  it  important  for  engineers and scientists  to  understand  the  viewpoints  of financial…

A: Importance of financial knowledge: It helps in cost management of the project It helps in cash…