Businesses are required to follow laws and regulations but they follow ethical standards in a code of ethics?

Businesses are required to follow laws and regulations but they follow ethical standards in a code of ethics?
by

1 Answer

Answer :

Choose to
by
selected by

Related questions

Which of these are safeguards for upholding high ethical standards? A. Having written orders to do something B. Companies’ internal codes, policies and education C. Corporate governance regulations D. b and c

Description : Which of these are safeguards for upholding high ethical standards? A. Having written orders to do something B. Companies’ internal codes, policies and education C. Corporate governance regulations D. b and c

Last Answer : D. b and c

Which of these are safeguards for upholding high ethical standards? A. Having written orders to do something B. Companies’ internal codes, policies and education C. Corporate governance regulations D. B and C

Description : Which of these are safeguards for upholding high ethical standards? A. Having written orders to do something B. Companies’ internal codes, policies and education C. Corporate governance regulations D. B and C

Last Answer : D. B and C

-------- are formalised rules and standards that describe what the company expects of its employees in terms of ethical behaviour. A)Job descriptions B)Ethics clause s C)Codes of ethics D)Codes of conduct

Description : -------- are formalised rules and standards that describe what the company expects of its employees in terms of ethical behaviour. A)Job descriptions B)Ethics clauses C)Codes of ethics D)Codes of conduct

Last Answer : C)Codes of ethics

Which of the following best describes why publicly-traded corporations follow the practice of having the outside auditor appointed by the board of directors or elected by the stockholders? a. To comply with the regulations of the Accounting Standards Council. b. To emphasize auditor independence from the management of the corporation. c. To encourage a policy of rotation of the independent auditors. d. To provide the corporate owners with an opportunity to voice their opinion concerning the quality of the auditing firm selected by the director

Description : Which of the following best describes why publicly-traded corporations follow the practice of having the outside auditor appointed by the board of directors or elected by the stockholders? a. ... opportunity to voice their opinion concerning the quality of the auditing firm selected by the director

Last Answer : To emphasize auditor independence from the management of the corporation

An audit made in accordance with Philippine Standards on Auditing generally should a. Be expected to provide assurance that noncompliance with laws and regulations will be detected if the internal control is effective. b. Be relied upon to disclose indirect-effect noncompliance with laws and regulations. c. Encompass a plan to search actively for noncompliance with laws and regulations which relate to operating aspects. d. Not be relied upon to provide assurance that all noncompliance with laws and regulations will be detected

Description : An audit made in accordance with Philippine Standards on Auditing generally should a. Be expected to provide assurance that noncompliance with laws and regulations will be detected if the internal ... relied upon to provide assurance that all noncompliance with laws and regulations will be detected

Last Answer : Not be relied upon to provide assurance that all noncompliance with laws and regulations will be detected

------- is (are) MOST likely to improve ethical behaviour in a marketing organisation. A)Allowing employees to follow their own ethical standards B)Encouraging employees to identify ethical issues and to decide what is right C)Eliminating unethical individuals and improving the organisation's ethical standards

Description : ------- is (are) MOST likely to improve ethical behaviour in a marketing organisation. A)Allowing employees to follow their own ethical standards B)Encouraging employees to identify ... to decide what is right C)Eliminating unethical individuals and improving the organisation's ethical standards

Last Answer : Eliminating unethical individuals and improving the organisation's ethical standards

The criteria to be used for a particular engagement can either be established orspecifically developed. Established criteriaare thosea. Designed for the purpose of theengagement.b. Embodied in laws or regulations orissued by authorized or recognizedbodies of experts that follow atransparent due process. c. Made available to the intended users. d. Not made available to the intendedusers.

Description : The criteria to be used for a particular engagement can either be established or specifically developed. Established criteria are those a. Designed for the purpose of the engagement. b. Embodied in laws or ... c. Made available to the intended users. d. Not made available to the intended users.

Last Answer : Embodied in laws or regulations or issued by authorized or recognized bodies of experts that follow a transparent due process

Criteria that are embodied in laws or regulations, or issued by authorized or recognized bodies of experts that follow a transparent due process are called: a. Suitable criteria b. General criteria c. Established criteria d. Specifically developed criteria

Description : Criteria that are embodied in laws or regulations, or issued by authorized or recognized bodies of experts that follow a transparent due process are called: a. Suitable criteria b. General criteria c. Established criteria d. Specifically developed criteria

Last Answer : Established criteria

When CEO of the companies are committed towards ethical code it is related to which of the following elements of ethics :

Description : When CEO of the companies are committed towards ethical code it is related to which of the following elements of ethics :

Last Answer : When CEO of the companies are committed towards ethical code it is related to which of ... Management Commitment D. Involving employees at all levels

The Code of Ethics contains both general ethical principles that are aspirational in character and also a: a. List of violations that would cause the automatic suspension of the CPA’s license. b. Description of the CPA’s procedures for responding to an inquiry from trial board. c. Set of specific, mandatory rules describing levels of conduct the CPA must observe. d. List of specific crimes that would be considered as acts discreditable to the profession.

Description : The Code of Ethics contains both general ethical principles that are aspirational in character and also a: a. List of violations that would cause the automatic suspension of the CPA's license. b ... observe. d. List of specific crimes that would be considered as acts discreditable to the profession.

Last Answer : Set of specific, mandatory rules describing levels of conduct the CPA must observe

The Code of Ethics states that the nurse’s primary commitment is to the client whether an individual of family, group or community. Which nursing activity would best demonstrate the ethical principle called justice? A. The nurse providing care on a “first come – first served” basis B. Referring the client for evaluation to the social worker on duty regarding her socio-economic status C. The client’s preference is least considered D. The nurse’s providing care to maximize health according to available resources

Description : The Code of Ethics states that the nurse's primary commitment is to the client whether an individual of family, group or community. Which nursing activity would best demonstrate the ethical ... is least considered D. The nurse's providing care to maximize health according to available resources

Last Answer : A. The nurse providing care on a “first come – first served” basis

Which one of the following activities will NOT help improve the ethical behaviour of a marketing firm? A)Help employees become aware of and sensitive toward ethical issues B)Redesign the company's culture to foster more ethical practice s C)Reward employees who use questionable business tactics D)Establish and enforce a code of ethics E)Eliminate "bad apples" in the firm

Description : Which one of the following activities will NOT help improve the ethical behaviour of a marketing firm? A)Help employees become aware of and sensitive toward ethical issues B)Redesign the company's culture ... tactics D)Establish and enforce a code of ethics E)Eliminate "bad apples" in the firm

Last Answer : C)Reward employees who use questionable business tactics

Which of the following statements best describes the primary purpose of Philippines Standards on Auditing? a. They are authoritative statements, enforced through the Code of Ethics forProfessional Accountants, that areintended to limit the degree of auditorjudgment. b. They are procedural outlines which areintended to narrow the areas ofinconsistency and divergence of auditoropinion.c. They are guides intended to set forthauditing procedures that are applicableto a variety of situations.d. They are interpretations which areintended to clarify the meaning of"generally accepted auditingstandards.

Description : Which of the following statements best describes the primary purpose of Philippines Standards on Auditing? a. They are authoritative statements, enforced through the Code of Ethics ... interpretations which are intended to clarify the meaning of "generally accepted auditing standards.

Last Answer : They are interpretations which are intended to clarify the meaning of "generally accepted auditing standards.

Though PSAs do not provide "hard and fast rules," they provide subjective guidance which allow the auditors to: a. Only apply those standards that are important to the audit. b. Use adequate professional judgment when applying the standards. c. Tailor their audit to procedures requested by management. d. Accurately interpret the Code of Ethics for CPAs

Description : Though PSAs do not provide "hard and fast rules," they provide subjective guidance which allow the auditors to: a. Only apply those standards that are important to the audit. b. Use ... Tailor their audit to procedures requested by management. d. Accurately interpret the Code of Ethics for CPAs

Last Answer : Use adequate professional judgment when applying the standards.

The criteria for evaluating quantitative information vary. For example, in the case of an independent audit of financial statements by CPA firms, the criteria are usually the: a. Philippine Standards on Auditing b. Philippine Financial Reporting Standards c. National Internal Revenue Code d. Securities and Exchange Commission Regulations

Description : The criteria for evaluating quantitative information vary. For example, in the case of an independent audit of financial statements by CPA firms, the criteria are usually the: a. ... Financial Reporting Standards c. National Internal Revenue Code d. Securities and Exchange Commission Regulations

Last Answer : Philippine Financial Reporting Standards

Did the famous milgram experiment meet the code of ethics by todays standards?

Description : Did the famous milgram experiment meet the code of ethics by todays standards?

Last Answer : Are you talking about the “Nazi” “push-the-button-and-inflict-pain-I-think” experiment?

Which of the following is not explicitly referred to in the Code of Ethics as source of technical standards? a. Commission on Audit (COA) b. Auditing and Assurance Standards Council (AASC) c. Securities and Exchange Commission (SEC) d. Relevant legislation

Description : Which of the following is not explicitly referred to in the Code of Ethics as source of technical standards? a. Commission on Audit (COA) b. Auditing and Assurance Standards Council (AASC) c. Securities and Exchange Commission (SEC) d. Relevant legislation

Last Answer : Commission on Audit (COA)

How did the Code of Ethics define public interest? a. A distinguishing mark of a profession is the acceptance of its responsibility to the public. b. The accountancy profession's public consists of clients, credit grantors, governments, employers, employees, investors, the business and financial community, and others who rely on the objectivity and integrity of professional accountants. c. The collective well-being of the community of people and institutions the professional accountant serves. d. The standards of the accountancy profession are heavily determined by the public interest

Description : How did the Code of Ethics define public interest? a. A distinguishing mark of a profession is the acceptance of its responsibility to the public. b. The accountancy profession's public ... serves. d. The standards of the accountancy profession are heavily determined by the public interest

Last Answer : The collective well-being of the community of people and institutions the professional accountant serves.

CPAs in public practice who perform assurance engagements are governed by the following, except a. Framework for Assurance Engagements b. Philippine Standards on Quality Control c. Code of Ethics for Professional Accountants in the Philippines d. AASC's Engagement Standards (PSAs, PSREs, PSAEs, and PSRSs

Description : CPAs in public practice who perform assurance engagements are governed by the following, except a. Framework for Assurance Engagements b. Philippine Standards on Quality Control c. Code of Ethics for ... Accountants in the Philippines d. AASC's Engagement Standards (PSAs, PSREs, PSAEs, and PSRSs

Last Answer : AASC's Engagement Standards (PSAs, PSREs, PSAEs, and PSRSs

A CPA’s retention of records as a means of enforcing payment of an overdue audit fee is an act that is: a. A violation of generally accepted auditing standards. b. Considered acceptable by the Code of Ethics. c. Ill advised since it would impair the CPA’s independence with respect to the client. d. Considered discreditable to the profession

Description : A CPA's retention of records as a means of enforcing payment of an overdue audit fee is an act that is: a. A violation of generally accepted auditing standards. b. Considered acceptable ... would impair the CPA's independence with respect to the client. d. Considered discreditable to the profession

Last Answer : Considered discreditable to the profession

Which of the following is one of the functions of Quality Review Committee: a. To promulgate accounting and auditing standards that will be generally accepted in the Philippines. b. To conduct a review on applicants for registration to practice public accountancy and render a report which shall be attached to the application for registration. c. To adopt a Code of Ethics for the practice of accountancy. d. To evaluate periodically the performance of educational institutions offering accountancy education.

Description : Which of the following is one of the functions of Quality Review Committee: a. To promulgate accounting and auditing standards that will be generally accepted in the Philippines. ... accountancy. d. To evaluate periodically the performance of educational institutions offering accountancy education.

Last Answer : To conduct a review on applicants for registration to practice public accountancy and render a report which shall be attached to the application for registration.

In financial statement audits, the audit should be conducted in accordance with a. PAS / PFRS b. Generally accepted auditing standards c. Philippine Standards on Auditing d. Code of Ethics for CPAs in the Philippines

Description : In financial statement audits, the audit should be conducted in accordance with a. PAS / PFRS b. Generally accepted auditing standards c. Philippine Standards on Auditing d. Code of Ethics for CPAs in the Philippines

Last Answer : Philippine Standards on Auditing

The Philippine Standards on Auditing issued by the Auditing and Assurance Standards Council (AASC) a. Are interpretations of generally accepted auditing standards b. Are the equivalent of laws for audit practitioners. c. Must be followed in all situations. d. Are optional guidelines which an auditor may choose to follow or not follow when conducting an audit

Description : The Philippine Standards on Auditing issued by the Auditing and Assurance Standards Council (AASC) a. Are interpretations of generally accepted auditing standards b. Are the equivalent of laws for ... optional guidelines which an auditor may choose to follow or not follow when conducting an audit

Last Answer : Are interpretations of generally accepted auditing standards

The Philippine Standards on Auditing issued by the Auditing and Assurance Standards Council (AASC) a. Must be followed in all situations. b. Are interpretations of generally accepted auditing standards c. Are optional guidelines which an auditor may choose to follow or not follow when conducting an audit. d. Are the equivalent of laws for audit practitioners

Description : The Philippine Standards on Auditing issued by the Auditing and Assurance Standards Council (AASC) a. Must be followed in all situations. b. Are interpretations of generally accepted auditing standards c. ... not follow when conducting an audit. d. Are the equivalent of laws for audit practitioners

Last Answer : Are interpretations of generally accepted auditing standards

The firm is to be staffed by personnel who have attained and maintained the technical standards and professional competence required to enable them to fulfill their responsibilities with due care is the objective of what quality control policy? a. Ethical requirements b. Leadership responsibilities c. Assignment d. Monitoring

Description : The firm is to be staffed by personnel who have attained and maintained the technical standards and professional competence required to enable them to fulfill their responsibilities with due care ... control policy? a. Ethical requirements b. Leadership responsibilities c. Assignment d. Monitoring

Last Answer : b

Follow the Nursing Code of Ethics?

Description : Follow the Nursing Code of Ethics?

Last Answer : The medical profession is a profession in which ethical dilemmas sometimes arise, but often a decision must be made quickly. Doctors and nurses have little time to debate the philosophy of ethics, as medicine ... whether they agree with a patient's beliefs or background. That is to say, a nurse h

Required auditor communication to the Audit Committee concerning noncompliance with laws and regulations that were detected includes: a. All those which are not adequately addressed by management. b. All those that constitute management fraud. c. All material items. d. Any of such acts.

Description : Required auditor communication to the Audit Committee concerning noncompliance with laws and regulations that were detected includes: a. All those which are not adequately addressed by management. b. All those that constitute management fraud. c. All material items. d. Any of such acts.

Last Answer : Any of such acts.

The principle professional competence and due care imposes which of the following obligations on professional accountants? a. To maintain professional knowledge and skill at the level required to ensure that a client or employer receives competent professional service. b. To comply with relevant laws and regulations and avoid any action that discredits the profession. c. Not to override or compromise his professional or business judgment because of bias, conflict of interest or undue influence of others. d. To be fair and truthful.

Description : The principle professional competence and due care imposes which of the following obligations on professional accountants? a. To maintain professional knowledge and skill at the level required to ensure that a ... , conflict of interest or undue influence of others. d. To be fair and truthful.

Last Answer : To maintain professional knowledge and skill at the level required to ensure that a client or employer receives competent professional service.

Which legislation relates to the concept of business ethics? A. Freedom of Information Act B. Building regulations C. Food Act D. All of these

Description : Which legislation relates to the concept of business ethics? A. Freedom of Information Act B. Building regulations C. Food Act D. All of these

Last Answer : A. Freedom of Information Act

A penetration tester must identify and keep in mind the ___________ & ___________ requirements of a firm while evaluating the security postures. a) privacy and security b) rules and regulations c) hacking techniques d) ethics to talk to seniors

Description : A penetration tester must identify and keep in mind the ___________ & ___________ requirements of a firm while evaluating the security postures. a) privacy and security b) rules and regulations c) hacking techniques d) ethics to talk to seniors

Last Answer : a) privacy and security

What kind of government regulations are keeping businesses from hiring?

Description : What kind of government regulations are keeping businesses from hiring?

Last Answer : Obama

Which one of the following following factors factors does not affect the volume and revenue for a service firm? a. affluence affluence of customer customer drawing drawing area b. competition competition in the area c. physical physical qualities qualities of facilities facilities and neighboring neighboring businesses d. businesses d. quality of the competition quality of the competition e. environmental regulations

Description : Which one of the following following factors factors does not affect the volume and revenue for a service firm? a. affluence affluence of customer customer drawing drawing area b. competition ... d. businesses d. quality of the competition quality of the competition e. environmental regulations

Last Answer : e. environmental regulations

Which of the following is required to be performed in an audit but not in review engagement? a. Complying with the "Code of Professional Ethics for Certified Public Accountants" promulgated by the Board of Accountancy b. Planning the engagement c. Agreeing on the terms of engagement d. Studying and evaluating internal control structure

Description : Which of the following is required to be performed in an audit but not in review engagement? a. Complying with the "Code of Professional Ethics for Certified Public Accountants" promulgated ... engagement c. Agreeing on the terms of engagement d. Studying and evaluating internal control structure

Last Answer : Studying and evaluating internal control structure

An organization’s appropriate tone at the top promoting ethical conduct is an example of: A. Ethics sensitivity. B. Ethics incentives. C. Ethical behavior. D. Consequentialist.

Description : An organization’s appropriate tone at the top promoting ethical conduct is an example of: A. Ethics sensitivity. B. Ethics incentives. C. Ethical behavior. D. Consequentialist.

Last Answer : C. Ethical behavior.

Which statement does not reflect the idea of ethical relativism: A. All opinions are equal; no one can say what is ethically right or wrong. B. One's culture, society, or personal feelings are the only criteria for deciding what is ethically right or wrong. C. Determining what is ethically right or wrong is a process of arguing from an appeal to values and principles that justify and legitimize an opinion. D. Philosophical ethics is simply a process of clarifying values, not a process of justifying them.

Description : Which statement does not reflect the idea of ethical relativism: A. All opinions are equal; no one can say what is ethically right or wrong. B. One's culture, society, or personal feelings are ... D. Philosophical ethics is simply a process of clarifying values, not a process of justifying them.

Last Answer : C. Determining what is ethically right or wrong is a process of arguing from an appeal to values and principles that justify and legitimize an opinion.

Ethics are important because A. suppliers prefer to deal with ethical companies. B. customers prefer to deal with ethical companies. C. employees prefer to deal with ethical companies. D. all of the choices.

Description : Ethics are important because A. suppliers prefer to deal with ethical companies. B. customers prefer to deal with ethical companies. C. employees prefer to deal with ethical companies. D. all of the choices.

Last Answer : D. all of the choices.

An organization’s appropriate tone at the top promoting ethical conduct is an example of: A. Ethics sensitivity. B. Ethics incentives. C. Ethical behavior. D. Consequentialist

Description : An organization’s appropriate tone at the top promoting ethical conduct is an example of: A. Ethics sensitivity. B. Ethics incentives. C. Ethical behavior. D. Consequentialist

Last Answer : C. Ethical behavior.

The main purpose of business ethics is to understand A. Ethical uncertainties B. Principles and concepts C. Application of practices D. All of the above

Description : The main purpose of business ethics is to understand A. Ethical uncertainties B. Principles and concepts C. Application of practices D. All of the above

Last Answer : D. All of the above

Which statements are characteristic of virtue ethics? A. Our character traits are easily modified, almost on a day-to-day basis if we so choose. B. Like Kantian ethical theory, virtue ethics requires that we disregard personal emotions and feelings. C. Virtue ethics is about describing people as good or bad. D. Even if a person is caring, empathetic, charitable and sympathetic, the challenge of egoism is still a factor in his or her decision-making. E. All of the above. F. None of the above.

Description : Which statements are characteristic of virtue ethics? A. Our character traits are easily modified, almost on a day-to-day basis if we so choose. B. Like Kantian ethical theory, virtue ethics requires that we disregard ... in his or her decision-making. E. All of the above. F. None of the above.

Last Answer : F. None of the above.

Which statement does not reflect the idea of ethical relativism: A. All opinions are equal; no one can say what is ethically right or wrong. B. One's culture, society, or personal feelings are the only criteria for deciding what is ethically right or wrong. C. Determining what is ethically right or wrong is a process of arguing from an appeal to values and principles that justify and legitimize an opinion. D. Philosophical ethics is simply a process of clarifying values, not a process of justifying them.

Description : Which statement does not reflect the idea of ethical relativism: A. All opinions are equal; no one can say what is ethically right or wrong. B. One's culture, society, or personal feelings are ... . D. Philosophical ethics is simply a process of clarifying values, not a process of justifying them.

Last Answer : C. Determining what is ethically right or wrong is a process of arguing from an appeal to values and principles that justify and legitimize an opinion.

Ethical formalism philosophies focus on A)the rights of consumers and the greatest good for society. B)situational ethics and increasing profits C)maximising the greatest good for the greatest number of people. D)the intentions associated with a particular behaviour and the rights of the individual.

Description : Ethical formalism philosophies focus on A)the rights of consumers and the greatest good for society. B)situational ethics and increasing profits C)maximising the greatest good for the greatest number of people. D)the intentions associated with a particular behaviour and the rights of the individual.

Last Answer : D)the intentions associated with a particular behaviour and the rights of the individual.

The research is an ethical process’. Here the meaning of ethics is Options: A) The external beauty of the research B) The quality of the research content C) The fulfilment of research values in an investigation D) None of the above

Description : The research is an ethical process’. Here the meaning of ethics is Options: A) The external beauty of the research B) The quality of the research content C) The fulfilment of research values in an investigation D) None of the above

Last Answer : C) The fulfilment of research values in an investigation 

The Internet ethical protocol is called (A) net protocol (B) netiquette (C) net ethics (D) net morality

Description : The Internet ethical protocol is called (A) net protocol (B) netiquette (C) net ethics (D) net morality

Last Answer : Answer: B

Which one of the following statements about codes of ethics is NOT true? A)They are formulized rules and standards that describe what a company expects of its employees. B)They must be detailed enough to take into account every possible situation. C)They help marketers deal with marketing issues by prescribing or limiting certain activities.

Description : Which one of the following statements about codes of ethics is NOT true? A)They are formulized rules and standards that describe what a company expects of its employees. B)They must ... situation. C)They help marketers deal with marketing issues by prescribing or limiting certain activities.

Last Answer : B)They must be detailed enough to take into account every possible situation.

The most important of the non-tariff trade barriers are : (1) Quotas (2) Health regulations (3) Pollution standards (4) Labelling and packaging regulations

Description : The most important of the non-tariff trade barriers are : (1) Quotas (2) Health regulations (3) Pollution standards (4) Labelling and packaging regulations

Last Answer : (1) Quotas Explanation: Non-tariff barriers to trade (NT13s) are trade barriers that restrict imports but are not in the usual form of a tariff. Some common examples of NT13's are ... they are deemed necessary to protect health, safety, or sanitation, or to protect depletable natural resources.

The overriding objective of the International Auditing Standards that are issued by the International Auditing Practices Committee of the IFAC is a. To override a country’s regulations governing the audit of financial statements. b. To improve the uniformity of auditing practices and related services throughout the world. c. To provide a uniform application of specific audit procedures that are acceptable worldwide. d. To replace generally accepted auditing standards.

Description : The overriding objective of the International Auditing Standards that are issued by the International Auditing Practices Committee of the IFAC is a. To override a country's regulations governing ... audit procedures that are acceptable worldwide. d. To replace generally accepted auditing standards.

Last Answer : To improve the uniformity of auditing practices and related services throughout the world

The overriding objective of the International Auditing Standards that are issued by the International Auditing Practices Committee of the IFAC is a. To override a country’s regulations governing the audit of financial statements. b. To improve the uniformity of auditing practices and related services throughout the world. c. To provide a uniform application of specific audit procedures that are acceptable worldwide. d. To replace generally accepted auditing standards

Description : The overriding objective of the International Auditing Standards that are issued by the International Auditing Practices Committee of the IFAC is a. To override a country's regulations ... specific audit procedures that are acceptable worldwide. d. To replace generally accepted auditing standards

Last Answer : To improve the uniformity of auditing practices and related services throughout the world.