Acct 504 Ethics Case 2: Healthsouth–Can 5 Cfos Be Wrong?

ACCT 504 Ethics Case 2: HealthSouth–Can 5 CFOs Be Wrong?

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ACCT 504 Ethics Case 2: HealthSouth–Can 5 CFOs Be Wrong?

Ethics Case 2: HealthSouth–Can 5 CFOs Be Wrong?

Read the Ethics Case, HealthSouth–Can 5 CFOs Be Wrong? on pp. 304–309 of your text and answer the following questions (approximately one paragraph per answer):

• What were the deficiencies in HealthSouth’s governance structure?

• In cases of fraud, what is the auditor responsible for? Was the audit firm, Ernst & Young, deficient in its audit?

• What are the proper audit procedures to ensure existence of assets in the financial statements? What are the proper audit procedures to validate estimates?

Assignment 2: Develop an Ethics Program

For this Assignment, you are to develop an ethics program for a fictitious company. The program should be in policy/program format. Use Tables 5.9, 5.10, 5.11, and 5.14 in Chapter 5 for guidance on the elements that you should include.

Your ethics program should be “values-based”, as described on page 241 of your textbook. Make sure to include a company code/business conduct statement. This code should be, at a minimum, a code of ethics. However, you may choose to include a code that offers more in depth coverage of ethical issues. Your program should also include a description of the mechanisms in place to ensure compliance with the program (e.g. monitoring systems, reward systems) and details of consequences for unethical behavior.

Your program should be 5-7 pages long (including the title and reference pages). Your paper should be APA compliant.