Acc 375 Accounting Ethics and Professional Regulations

ACC 375 Accounting Ethics and Professional Regulations

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ACC 375 Week 1 Assignment Understanding Ethics Matrix

Resource: Understanding Ethics Matrix located on the student website

Complete the Understanding Ethics Matrix by writing a short paragraph for each theory by considering the following:

• Give a brief summary of each theory.

• Identify the history and major proponents or theorists of each theory.

• Define the terms utility, justice, and liberty under each theory.

• Describe how each theory advocates the distribution of resources.

Cite all sources used to obtain information.

DQ1: Explain the concept of utility under the utilitarianism theory. How can a business achieve a level of utility?

DQ2: What is the connection between justice and utility under utilitarianism theory? What are a few assumptions and problems with utilitarianism theory?

DQ3: What are the similarities and differences between the concepts of justice under the utilitarianism theory and distributive justice theory? What is the difference between concepts of ethics and morality?

DQ4: What is meant by the term of management fraud? What are some red flags, or warning signs, associated with identifying fraud?

DQ5: What are some social and legal implications of management fraud? How can a company protect itself from fraudulent acts?

DQ 6: Explain the different types of risk, such as audit risk, inherent risk, control risk, and detection risk. How can a company assess its fraud risk?

ACC 375 Week 2 Learning Team Assignment Sarbanes-Oxley Act Training Manual

Your accounting firm has been hired to consult a privately held company. The company is considering becoming public in the near future. As part of preparing for this transition, they have asked your firm to create...