Basis of ethical theory

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Fictionalize that you are a senior partner at WeiserMazars in New York City

Fictionalize that you are a senior partner at WeiserMazars in New York City and must prepare a presentation for a group of recruits who aspire to become auditors with your firm.

Assume that the presentation and the speaker notes will be reviewed by the firm’s communication department and therefore should be presentation and approval ready.

Prepare a 10- to 12-slide presentation following best practices for ground presentation of Powerpoints that includes detailed speaker notes discussing each slide and does the following:

  • Explain ethics, ethical theory, and the basis of ethical theory.
  • Explain the primary ethical issues and challenges in accounting and auditing as evidenced from the literature and create examples of how these come into play on the job.
  • Differentiate the ethical theories of egoism, utilitarianism, deontological ethics, the categorical imperative, and virtue ethics as they relate to the aspiring auditors seeking to join the firm.

Cite your research from the text, at least one industry publication, and any professional or regulatory guidance.

Professional or regulatory guidance should come directly from the appropriate site and not from the textbook. Your assigned firm’s presence through mission and value statements and other site-based publications is essential.

Additionally note that a high-level CPA firm presentation will not rely primarily on a college textbook. Robust evergreen professional resources would fit some situations more effectively and thereby earn a higher recognition at the firm and grade here. When using the textbook content, be sure to explain why and do so only as needed for context.

Embodies the principles, vision, and mission statements of the assigned Accounting firm.

Format your presentation consistent with APA guidelines which should be extended to a PowerPoint presentation. APA standards are in effect for Master’s Level Two as supported within the CWE. Follow Instructor’s policies for consistent citation and referencing of resources.

Copy the exact final speaker notes to a Word Document file and submit to Turnitin. Make necessary corrections after running the report.

Click the Assignment Files tab to submit your assignment. The assignment files are: PPT, Speaker Notes, Turnitin Report.

ETH557 Week 1 Presentation

Tone at the Top

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ACC556 Week 6 Short Answer Quiz

1. What does it mean to create a “Culture of Honesty, Openness, and Assistance?” Give an example from an organization with which you have been affiliated.

2. Codes of Conduct and Conflict of Interest Forms are often called “soft” controls. What does this mean?

3. What does it mean to have a good system of internal controls? Give some examples of internal controls.

4. Whistle blower policies and procedures? Good or bad idea? Why?

5. Symptoms of fraud can be separated into six groups: (1) accounting anomalies, (2) internal control weaknesses, (3) analytical anomalies, (4) extravagant lifestyle,

6. (5) unusual behavior, and (6) tips and complaints. Discuss three.

7. Discuss the elements of a good fraud report.

8. What does “Tone at the Top” mean?

9. Discuss the relative oversight responsibility of the audit committee, management, internal audit and independent auditors as it pertains to fraud.

10. Summarize the five steps of managing the Business Risk of Fraud.

11.  Define and explain ERM.

12. What is a risk assessment? What are the steps to complete one?

13. Give some examples of how technology may be used in fraud prevention.

14. Explain FCPA and the U.K. Bribery Act. Why all the fuss?

Crooked Salary Expenses

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Crooked Scenario 5 Part 2 of 2

Through all your investigations of CrookEd so far you had not found any payroll information.  Recognizing payroll is often a prime area for fraud (ghost employees, bogus time recording, inflation of hours or rates, etc.) You finally stumbled across some data, although it is incomplete.

 

The attached spreadsheet (“Crooked Salary Expenses 2011-2014”) contains the data you discovered.  The first tab is a Summary of data from 2004 – 2007.  Payroll is broken into four categories: Management; Office; Sales; Pipeline.

The second tab is titled Detail.  It is unclear to you if the Summary Data equates to the Detail.  Likewise, at first glance, there are some questions you have related to the Summary data.  Consequently, you  must to do the following:

Based on your data analysis and interview write a two page memo describing your techniques, observations and conclusions.  Include any questions you still have and information you would still like to obtain.

Cost Accounting

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Cost Accounting

Decision making in companies is often facilitated by utilizing cost allocation methods. Anthony’s Orchards is measuring its performance and reviewing its service department cost allocation methods to determine whether current methods reflect the true value and profitability of the businesses. Write a 1- to 2-page memo to the accounting manager on why you would recommend using a particular cost allocation method. To prepare for your memo use data from the Anthony’s Orchards website and calculate the three different service department methods (direct, step-down, and reciprocal) and compare and contrast the methods. Choose one method and state why you recommend this method for Anthony’s Orchards. Your memo should reflect the application of the material presented this week as well as anything from previous weeks and Required and/or Optional Resources. A description of your recommendation, a rationale for why it is important, and a description of the consequences of not following the recommendation should be included in the memo. Be sure to support your work with specific citations from this week’s Learning Resources and any additional resources.

http://mym.cdn.laureate-media.com/2dett4d/UOR/MGMT/0021/02/mm/website/about_us.htm

The need for unbiased financial reporting

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The need for unbiased financial reporting

Analyze the need for unbiased financial reporting. Based on your analysis, determine at least two (2) drivers that may cause financial reporting to be biased. Provide a rationale to support your response.

Analyze the audit opinion formulation process and suggest at least one (1) improvement to the process to strengthen audit opinions. Provide a rationale to support your suggestion.

Analyze the need for unbiased financial reporting. Based on your analysis, determine at least two (2) drivers that may cause financial reporting to be biased. Provide a rationale to support your response.

Analyze the audit opinion formulation process and suggest at least one (1) improvement to the process to strengthen audit opinions. Provide a rationale to support your suggestion.

Analyze the need for unbiased financial reporting. Based on your analysis, determine at least two (2) drivers that may cause financial reporting to be biased. Provide a rationale to support your response.

Analyze the audit opinion formulation process and suggest at least one (1) improvement to the process to strengthen audit opinions. Provide a rationale to support your suggestion.

Compliance Auditing

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Ethics, Compliance Auditing, and Emerging Issues

To prepare for this assignment, review Chapter 9 in the course text as well as the article on compliance program auditing by Usnick and Usnick (2013). In addition, read Chapter 10 in the course text. Review Table 10.3: Global Risks 2014, and select one of the risk areas. Imagine that you have been tasked with creating a proposal for the new CEO of your organization for establishing an ethics program and for conducting training and compliance auditing. For this assignment, write a persuasive essay in which you address the following: Describe an emerging global risk for 2015 and beyond Discuss the key countries that might be associated with the risk Evaluate the role of ethical decision-making in business organizations Analyze the impact of business ethics on stakeholder relationships. Include in your analysis why it is necessary to create an ethics program, conduct training, and engage in compliance auditing Design a training plan for ethical considerations and social responsibility as it relates to the key risk area and the countries you have selected Explain how the program will be implemented Synthesize the key considerations which must be in place Incorporate key words and phrases from Chapter 9 and Chapter 10 of the text and the article by Usnick and Usnick (2013). Be sure to cite all sources in the body of your paper and on the references page. The assignment Must be seven to ten double-spaced pages in length (not including the title page and references page) and formatted according to APA style as outlined in the FSB APA guidance located in the classroom. Must include a separate title page with the following Title of paper Student’s name Course name and number Instructor’s name Date submitted Must use at least three scholarly sources in addition to the course text and the Usnick and Usnick (2013) article. Must include a separate references page that is formatted according to APA style as outlined in the FSB APA guidance located in the classroom

The Open Offer

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The Open Offer

Jimmy, an art dealer and merchant, is running out of funds. Luckily, he owns a priceless Van Gogh painting. He writes his friend Tommy. The letter says “Tommy you remember that Van Gogh painting you were interested in buying? I will offer it to you for $500,000. I will give you one month to accept this offer.” Jimmy signs the letter. Tommy receives the letter, and he is very excited. He writes back two weeks later saying that he accepts, and Tommy encloses a check for $500,000. Unfortunately, Jimmy received a better offer for the painting, and Jimmy accepts that one. •Is there a breach of contract? •If so, what remedies may Tommy get?

The requirements below must be met for your paper to be accepted and graded: •Write between 500 – 750 words (approximately 2 – 3 pages) using Microsoft Word. •Attempt APA style, see example below. •Use font size 12 and 1” margins. •Include cover page and reference page. •At least 60% of your paper must be original content/writing. •No more than 40% of your content/information may come from references. •Use at least two references from outside the course material, preferably from EBSCOhost. Text book, lectures, and other materials in the course may be used, but are not counted toward the two reference requirement.

Reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) must be identified in the paper and listed on a reference page.Reference material (data, dates, graphs, quotes, paraphrased words, values, etc.) must come from sources such as, scholarly journals found in EBSCOhost, online newspapers such as The Wall Street Journal, government websites, etc. Sources such as Wikis, Yahoo Answers, eHow, etc. are not acceptable.

Office of Inspector General

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Office of Inspector General (OIG)

  • The Office of Inspector General (OIG) has established a set of guidelines (e.g., auditing, monitoring, internal controls, sampling, due diligence, and standards of organizational and employee behavior, etc. Page 508 of the textbook) that physician practices should follow when creating a compliance plan. State your opinion as to which OIG guideline would be the single most significant aspect of a compliance plan for a small practice. Provide a rationale for your response.
  • According the text, the fundamental purpose of a compliance plan is to create an organizational culture that promotes the prevention, identification, and resolution of issues associated with risk. Suggest two (2) main aspects of a management strategy necessary to create this type of culture. Support your recommendations with at least one (1) real-world example.

Retail Business Inventory Control

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Retail Business Inventory Control

  • Describe a retail business with which you are familiar and determine the most suitable means of inventory control. Provide specific examples to support your response.
  • For the same business, discuss what innovative steps you could take to deter employee theft and/or shoplifting.
  • Describe a retail business with which you are familiar and determine the most suitable means of inventory control. Provide specific examples to support your response.
  • For the same business, discuss what innovative steps you could take to deter employee theft and/or shoplifting.
  • Describe a retail business with which you are familiar and determine the most suitable means of inventory control. Provide specific examples to support your response.
  • For the same business, discuss what innovative steps you could take to deter employee theft and/or shoplifting.
  • Describe a retail business with which you are familiar and determine the most suitable means of inventory control. Provide specific examples to support your response.
  • For the same business, discuss what innovative steps you could take to deter employee theft and/or shoplifting.
  • Describe a retail business with which you are familiar and determine the most suitable means of inventory control. Provide specific examples to support your response.
  • For the same business, discuss what innovative steps you could take to deter employee theft and/or shoplifting.

Preparing a Multiple Step Income Statement

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Preparing a Multiple Step Income Statement

The purpose of this assignment is to help you become familiar with the parts of the multiple‐step income statement.

Assignment Steps 

Resources: Financial Accounting: Tools for Business Decision Making 

Scenario: An inexperienced accountant prepared this condensed income statement for Simon Company, a retail firm that has been in business for a number of years.

SIMON COMPANY

Income Statement

For the Year Ended December 31, 2017

Revenues  
Net sales $850,000
Other revenues 22,000
  872,000
Cost of goods sold 555,000
Gross profit 317,000
Operating expenses  
Selling expenses 109,000
Administrative expenses 103,000
  212,000
Net earnings $105,000

As an experienced, knowledgeable accountant, you review the statement and determine the following facts:

  1. Net sales consist of: sales $911,000, less freight-out on merchandise sold $33,000, and sales returns and allowances $28,000.
  2. Other revenues consist of sales discounts $18,000 and rent revenue $4,000.
  3. Selling expenses consist of salespersons’ salaries $80,000, depreciation on equipment $10,000, advertising $13,000, and sales commissions $6,000.  The commissions represent commissions paid. At December 21, $3,000 of commissions have been earned by salespersons but have not been paid.  All compensation should be recorded as Salaries and Wages Expense.
  4. Administrative expenses consist of office salaries $17,000, dividends $18,000, utilities $12,000, interest expense $2,000, and rent expense $24,000, which includes prepayments totaling $6,000 for the first quarter of 2018.

Prepare a detailed multi-step income statement with a brief explanation of 200 words. Assume a 25% tax rate. I have uploaded the work sheet you will need to fill out for this assignment!! Please put this at the bottom of th excel worksheet I have provided for you to fill out!!!

Show your work on the Excel® spreadsheet and submit with your explanation.

Here is a link to the reading material

https://phoenix.vitalsource.com/books/9781119228301/epubcfi/6/28[;vnd.vst.idref=c05]!/4/2/2@0.00:0.00