Identify as to ethical or unethical the following situations then prove your answer. 1. Addressing client’s complains in real time. 2. Copying the work of others without giving due recognition to the owner. 3. Hospital wastes being disposed in bodies of water or empty lots.
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Identify as to ethical or unethical the following situations then prove your answer.
1. Addressing client’s complains in real time.
2. Copying the work of others without giving due recognition to the owner.
3. Hospital wastes being disposed in bodies of water or empty lots.
4. Non-disclosure of the company’s financial condition to investors.
5. Compensating employees with above minimum salary, food and transportation allowance, medical insurance, and housing.
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- Mason is a CPA for a large company. Recently, he noticed that the company's accounting records significantly overstated the amount of inventory on hand, leading to an overstatement of assets the company holds. Initially, Mason brought it to the attention of his supervisor, but when nothing was done to correct the mistake, he decided to report it to the appropriate government official. Mason was counting on current law, under the __________, to protect him against company retaliation. Multiple Choice a)Sherman Act b)Cellar-Kefauver Act c)Robinson-Patman Act d)Sarbanes-Oxley ActCasey is on trial under criminal allegations that she engaged in fraudulent behavior at the company she manages. She is worried when the plaintiff alleges that it has "unambiguous proof" that Casey is guilty. Which of the following is most likely true? If the plaintiff provides proof only up to the level of "clear and convincing," Casey can still be acquitted. Casey need not worry about the plaintiff's evidence, since parties tend to boast about the level of proof they can establish anyway. If the plaintiff meets a "clear and convincing" burden of proof, Casey will be found guilty. The plaintiff will most likely prove Casey is guilty, since criminal charges only need to meet a prima facie burden of proof.Mike is an agent making purchasing orders for Tami. Tami passes away before the agency contract is voluntarily ended. Mike has already done most of the work Tami assigned. What is the result related to the status of the agency? A. Agency is terminated by incapacity B. Agency is terminated by fulfillment C. Agency is terminated by law D. Agency is not terminated; terms of the agency must be resolved by Tami's estate
- True or false with explanation 6) Assume now that Gill lands a job at another college, which schedules him to teach Partnership Tax, Individual Income Tax, and Wills & Trusts. Gill is now ecstatic because he can finally teach law. Two weeks into his first semester, he asks when payday is. The president of the college notifies him that since this college is a nonprofit institution, NOBODY gets paid. The college has violated its duty of compensation. 7) Myron is a bouncer for the Keg Club and must forcibly eject unruly patrons on a nightly basis. The owners of the club cannot be held liable for any civil wrongs Myron may have committed while acting as a bouncer. 8) Myron is a teller at Wells Fargo Bank. On his way to work, he is stopped at the door by his evil boss, Skinflint, the bank president, who refuses to let Myron in the building. Skinflint has violated his duty of cooperation. 9) Assume that Glen is the latest phenom to come out of college to sign a professional baseball…Which of the following statements about the use of a regular (nonspringing) durable power of attorney are correct? The authority of the attorney-in-fact (agent) continues to be legally exercisable even if the principal becomes disabled or incapacitated at a later date. It is less expensive than a conservatorship for management of an incompetent person's property. Like other techniques used to manage an incompetent person's property, the title to assets is transferred away from the incompetent person. This document is irrevocable.Sue is a fifty-five year old employee of company A. Her children are out of college and her parents have both died. Company A offers a child care program to all employees along with an elder care program. However, Sue, like many other employees, has no need for these services, neither now or in the future. Should the firm retain these programs? Should alternative benefits for employees who have no use for such services be offered?
- Which of the following premortem actions can increase the liquidity of a decedent's estate? Making certain that a client's will is executed with all of the required legal formalities Stating reasons in a client's will why a close family member is not receiving any part of the client's estate Urging a client to keep written current records of payments made by the client on debts owed to third parties Urging a client to require written security for a promissory note given to the client for assets purchased from the client A) I, II, and IV B) I and II C) I, II, III, and IV D) III and IV1a. What are the general principles of consumer protection? 1b. Discuss the nature of and parties in a consumer protection suit. Who can bring a suit and why? 1c. Who is held accountable under the consumer protection laws?Do some quick internet research and find a case that deals with an accountant that has been found criminally liable. Provide a brief summary of the facts of the case, and provide the court's analysis. Be sure to use a reference.
- Kathleen works for an accounting firm, Securate, as an auditor. Kathleen’s firm provides many services including auditing services, investment consulting, and tax assistance. Kathleen is working on an audit for a company that Securate also does consulting for. Which of the following is true? Kathleen may not assist in consulting services for the company unless she is an officer in the company. Kathleen may assist in consulting services for the company without restriction. Kathleen may not assist in consulting for the company.Michael built a calculator (which graphs) using plans Michael found posted on the internet, but he unreasonably didn’t follow the plans when he constructed the calculator. Michael then sold the calculator to Jack who was injured when the calculator exploded because it hadn’t been built according to the plans. After the explosion Jack was taken to the Hospital emergency room (“ER”) where he signed a consent form authorizing Dr. Joe, the ER doctor, to perform a surgical procedure called Surgery X. But, instead Dr. Joe performed Surgery Y, a different procedure than Surgery X. A. What cause(s) of action should Jack use if he sues Michael for Jack’s injuries. Discuss. B. Has Joe, the ER doctor, committed any intentional torts? If so, discuss.Family Business Jane has just been hired as the head of the Payroll Department at R&S Electronics Service Company, a firm of 75 employees. She was hired by Eddie, the General Manager of the company, who informed her of the need for maintaining strict confidentiality regarding employee salaries and pay scales. He also informed her that he fired the previous Payroll Department head for breaking that confidentiality by discussing employees’ salaries. She was also formally introduced to Brad, the owner, who told her to see him if she has any questions or problems. Both Brad and Eddie made her feel welcome. After three months of employment, Jane begins to wonder why Greg makes so much more in commissions than the other service technicians. She assumes that he must be highly qualified and must work rapidly because she has overheard Brad commending Greg on his performance on several occasions. She has also noticed Brad, Eddie, and Greg having lunch together frequently. One day, Eddie…