Homework Answers
Answer :
Managers need to understand that performance measurement and compensation systems can lead to unethical conduct.
This statement is false out of the four statements given.
Explanation to the answer :
There is no unethical conduct in measurement of performance and compensation systems. Hence the statement is false.
Further, all other statements given :
Compliance with sarbanes oxley guarantees that a manager has met all of his/her ethical responsibilities
Sarabanes oxley is important for managers who design cost information systems.
Managers must be aware of potential cost information that could be misleading or fraudulent activity.
All of these statements are true
Add Answer to:
Which of the following is a false statement regarding cost information and ethical responsibilities? Multiple Choice...
Which of the following would not require a departure from an unqualified opinion? Question 1 Which...
Which of the following would not require a departure from an
unqualified opinion?
Question 1 Which of the following would not require a departure from an unqualified opinion? Selected Answer: Statement of cash flows not included Answers: Statements are not in conformity with GAAP. Scope limitation. Statement of cash flows not included Related party transactions. Question 2 Which of the following is false regarding materiality and the audit opinion? Selected Answer: The level of materiality is mathematically calculated and therefore...
7. Ethical corporate behavior and the Sarbanes-Oxley Act Most executives believe that they and their firms...
7. Ethical corporate behavior and the Sarbanes-Oxley Act Most executives believe that they and their firms behave in an ethical manner and that it is in their best interests to do so. How can a firm's ethical conduct increase its long-term profitability? Ethical corporate behavior builds public trust and encourages the use of good corporate governance. Both increase the likelihood that creditors and investors will want to invest in the firm, which in turn increases the availability of financial capital....
Which of the following is not a cost of decentralization? Multiple Choice 0 Managers in a...
Which of the following is not a cost of decentralization? Multiple Choice 0 Managers in a decentralized organization might have a narrow focus on their own unit's performance rather than the attainment of their organization's overall goals 0 O Managers in a decentralized organization might make the same types of decisions that are being made at headquarters resulting in administrative duplication 0 Delegating decision making to the lowest level possible enables an organization to respond in a timely way to...
Wells Fargo was the darling of the banking industry, with some of the highest returns on...
Wells Fargo was the darling of the banking industry, with some of the highest returns on equity in the sector and a soaring stock price. Top management touted the company’s lead in “cross-selling”: the sale of additional products to existing customers. “Eight is great,” as in eight Wells Fargo products for every customer, was CEO John Stumpf’s mantra. In September 2016, Wells Fargo announced that it was paying $185 million in fines for the creation of over 2 million unauthorized...
1. Which of the following is false regarding common and federal securities laws? a. The securities...
1. Which of the following is false regarding common and federal securities laws? a. The securities act of 1933 deals only with the reporting requirements for companies issuing new securities. b. -Rule 10-5b of the securities exchange act of 1934 is also known as the antifraud provision. C. -Ultramares doctrine states that ordinary negligence is insufficient for liability to third parties because of the lack of privity of contracts. d. A scienter is a specialist used in Rule 10-5b investigations....
Mary owns a small toy manufacturing company. One of her employees has noticed that one of...
Mary owns a small toy manufacturing company. One of her employees has noticed that one of the pieces on the most popular toy the company manufactures can detach from the toy. This detachment could pose a potential choking hazard to young children who play with the toy. No customers have yet reported problems with the toy. Mary wonders if she should report the potential hazard before anyone gets hurt. However, the recall would cost her company money and result in...
Response Questions From Part A TOD A) Write 6-7 Sentences For Your Response: Using the IMA...
Response Questions From Part A TOD A) Write 6-7 Sentences For Your Response: Using the IMA Statement of Ethical Professional Practice below as an ethical framework, answer the following questions: o What are the ethical issue(s) in this situation? o What are Yang's responsibilities as a management accountant? c) We budget? Why or why not? Response: Dis Write 6 Sentences For Your Response: Would your answer differ if Gutierrez Company were instead owned by one individual instead of being publicly...
Response Questions Part A To C A) Write 5-6 Sentences For Your Response: Using the IMA...
Response Questions Part A To C A) Write 5-6 Sentences For Your Response: Using the IMA Statement of Ethical Professional Practice below as an ethical framework, answer the following questions: o What are the ethical issue(s) in this situation? o What are Jackson's responsibilities as a management accountant? Write 6 Sentences For Your Response: How would recording more units than are actually in inventory impact the 2017 balance sheet and income statement? How would it impact the 2018 balance sheet...
Which of the following matters would an auditor most likely consider to be a significant deficiency to be communicated to the audit committee
1. Which of the following matters would an auditor most likely consider to be a significant deficiency to be communicated to the audit committee? A. Management's failure to renegotiate unfavorable long-term purchase commitments.B. Recurring operating losses that may indicate going concern problems.C. Evidence of a lack of objectivity by those responsible for accounting decisions.D. Management's current plans to reduce its ownership equity in the entity. 2. After obtaining an understanding of internal control and arriving at a preliminary assessed level...
[The following information applies to the questions displayed below.] In the largest criminal tax case ever...
[The following information applies to the questions displayed below.] In the largest criminal tax case ever filed, KPMG admitted it engaged in a fraud that generated at least $11 billion dollars in phony tax losses, which, according to court papers, cost the United States at least $2.5 billion dollars in evaded taxes. In addition to KPMG's former deputy chairman, the individuals indicted included two former heads of KPMG's tax practice and a former tax partner in the New York City...
Which of the following would not require a departure from an
unqualified opinion?
Question 1 Which of the following would not require a departure from an unqualified opinion? Selected Answer: Statement of cash flows not included Answers: Statements are not in conformity with GAAP. Scope limitation. Statement of cash flows not included Related party transactions. Question 2 Which of the following is false regarding materiality and the audit opinion? Selected Answer: The level of materiality is mathematically calculated and therefore...
7. Ethical corporate behavior and the Sarbanes-Oxley Act Most executives believe that they and their firms behave in an ethical manner and that it is in their best interests to do so. How can a firm's ethical conduct increase its long-term profitability? Ethical corporate behavior builds public trust and encourages the use of good corporate governance. Both increase the likelihood that creditors and investors will want to invest in the firm, which in turn increases the availability of financial capital....
Which of the following is not a cost of decentralization? Multiple Choice 0 Managers in a decentralized organization might have a narrow focus on their own unit's performance rather than the attainment of their organization's overall goals 0 O Managers in a decentralized organization might make the same types of decisions that are being made at headquarters resulting in administrative duplication 0 Delegating decision making to the lowest level possible enables an organization to respond in a timely way to...
1. Which of the following is false regarding common and federal securities laws? a. The securities act of 1933 deals only with the reporting requirements for companies issuing new securities. b. -Rule 10-5b of the securities exchange act of 1934 is also known as the antifraud provision. C. -Ultramares doctrine states that ordinary negligence is insufficient for liability to third parties because of the lack of privity of contracts. d. A scienter is a specialist used in Rule 10-5b investigations....
Response Questions From Part A TOD A) Write 6-7 Sentences For Your Response: Using the IMA Statement of Ethical Professional Practice below as an ethical framework, answer the following questions: o What are the ethical issue(s) in this situation? o What are Yang's responsibilities as a management accountant? c) We budget? Why or why not? Response: Dis Write 6 Sentences For Your Response: Would your answer differ if Gutierrez Company were instead owned by one individual instead of being publicly...
Response Questions Part A To C A) Write 5-6 Sentences For Your Response: Using the IMA Statement of Ethical Professional Practice below as an ethical framework, answer the following questions: o What are the ethical issue(s) in this situation? o What are Jackson's responsibilities as a management accountant? Write 6 Sentences For Your Response: How would recording more units than are actually in inventory impact the 2017 balance sheet and income statement? How would it impact the 2018 balance sheet...
Most questions answered within 3 hours.
-
MCL 445.111 et seq. deals with Home Solicitation Sales.
MCL stands for Michigan Compiled Laws which...
asked 5 minutes ago -
Which of the following items may not create an NOL?
a.
sole proprietorship loss
b.
personal...
asked 10 minutes ago -
A hypothetical solution forms between a solid and a liquid. The
values of the thermodynamic quantities...
asked 8 minutes ago -
when 2053 j of heat is added to 46.3 g of hexane C6H14 the
temperature increases...
asked 11 minutes ago -
a)An ideal heat pump is being considered for use in heating an
environment with a temperature...
asked 11 minutes ago -
.
Convert the following pairs of voltage and current waveforms to
phasor form. Each pair of...
asked 13 minutes ago -
I need new and unique answers, please. (Use your own words,
don't copy and paste), Please...
asked 14 minutes ago -
A 6.5 cm diameter ball has a terminal speed of 22 m/s. What is
the ball's...
asked 27 minutes ago -
Name two areas of the human body with the highest concentration
of lymph nodes and speculate...
asked 30 minutes ago -
Angel Corporation has $10,000,000 of
8.0% 25 year bonds dated May 1, 2018 with interest payable...
asked 1 hour ago -
7.
________ involves individuals trading goods they already have or
providing services in exchange for something...
asked 1 hour ago -
Share your research problem. What databases did you search as
you gathered evidence to support your...
asked 1 hour ago