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ETH 376 Entire Course (UOP) • ETH 376 Week 1 AICPA Code of Professional Conduct • ETH 376 Week 1 DQs • ETH 376 Week 2 Ethicality of Accounting Activities • ETH 376 Week 2 Reflection • ETH 376 Week 2 DQs • ETH 376 Week 3 Legality & Ethicality of Financial Reporting • ETH 376 Week 3 Reflection • ETH 376 Week 3 DQs • ETH 376 Week 4 Legality and Ethicality of Corporate Governance
ETH 376 Week 1 DQ 1, DQ 2, DQ 3 and DQ 4 (UOP) • Week 1 DQ 1 • Many professional accountants believe that the main purpose of accounting standards is to protect the public. With that in mind, what do you think are the main objectives of the AICPA code of professional conduct and how does the code relate to protecting the public? Be specific • WEEK 1 DQ 2 • A bookkeeper makes a significant posting error, which she later discovers and corrects. In fear of losing her job, she does not report the mistake to her supervisor. How should the employee have handled this situation and what should the supervisor do when the situation is disclosed?
ETH 376 Week 1 Individual Assignment AICPA Code of Professional Conduct • Write a 350- to 750-word paper describing the purpose of the AICPA Code of Professional Conduct and why it is considered the foundation of ethical reasoning in accounting. Answer the following questions:• What do you think are the three most important purposes of the AICPA Code of Professional Conduct?• Why are those three the most important? Defend your answer.
ETH 376 Week 2 DQ 1, DQ 2 and DQ 3 (UOP) • WEEK 2 DQ 1 • Financial statements are an important product of the accounting process. Provide an example of an internal user. How could he or she be harmed by fraudulent and unethical financial statements? • WEEK 2 DQ 2 • Financial statements are an important product of the accounting process. Provide an example of anexternaluser. How could he or she be harmed by fraudulent and unethical financial statements? • WEEK 2 DQ 3
ETH 376 Week 2 Reflection (UOP) • Discuss the previous week’s objectives with your team. Your discussion should include the topics you feel comfortable with, any topics you struggled with, and how the weekly topics relate to application in your field.Prepare a 350- to 1,050- word paper detailing the findings of your discussion.
ETH 376 Week 2 Team Assignment Accounting Activities (UOP) • Resource: Case 2-1, Cynthia Cooper and WorldCom in Ch. 2 of Ethical Obligations and Decision Making in AccountingWrite a 1,200- to 1,500-word paper evaluating the ethicality of the Cynthia Cooper and WorldCom case. As a team, identify and discuss the accounting activities involved in the case.Select the key accounting activity involved in the case.Evaluate the accounting activity in terms of the AICPA Code of Professional Conduct.
ETH 376 Week 2 Team Assignment Accounting Activities (UOP) • Week 2 Learning Team Assignment Ethicality of Accounting ActivitiesResource: Case 2-1, Cynthia Cooper and WorldCom in Ch. 2 of Ethical Obligations and Decision Making in AccountingWrite a 1,200- to 1,500-word paper evaluating the ethicality of the Cynthia Cooper and WorldCom case. As a team, identify and discuss the accounting activities involved in the case.Select the key accounting activity involved in the case.Evaluate the accounting activity in terms of the AICPA Code of Professional Conduct.
ETH 376 Week 3 Assignment Legality and Financial Reporting (UOP) • Resource: Ethics Case 7-4: Excello Telecommunications in Ch. 7 of Ethical Obligations and Decision Making in AccountingWrite a 1,200- to 1,500-word paper explaining the legal aspects, financial standards involved, and ethicality of the Excello Telecommunications case. Your paper should include the following:Identify the legal issues involved—consider state and federal laws—and explain how they apply to the case.Determine the criteria by which Sarbanes-Oxley would apply to this case.
ETH 376 Week 3 DQ 1, DQ 2, DQ 3 and DQ 4 (UOP) • WEEK 3 DQ 1 • Many professionals believe it is impossible to regulate ethics. Yet, the SEC and other federal agencies provide rules, regulations, and laws surrounding corporate governance. How effective are the legal processes in regulating corporate governance? Provide an example. • WEEK 3 DQ 2
ETH 376 Week 3 Reflection (UOP) • Discuss the previous week’s objectives with your team. Your discussion should include the topics you feel comfortable with, any topics you struggled with, and how the weekly topics relate to application in your field.Prepare a 350- to 1,050- word paper detailing the findings of your discussion.
ETH 376 Week 4 DQ 1, DQ 2, DQ 3 and DQ 4 (UOP) • ETH 376 Week 4 DQs • Week 4 DQ 1 • Several federal laws require external audits to protect the public. Should federal laws also require internal audits within a public corporation? Provide an example to support your response. • Week 4 DQ 2 • Professional auditing standards provide for an unqualified audit report with three standard paragraphs. Briefly describe those paragraphs. Which is the most important? Why?
ETH 376 Week 4 Individual Assignment Legality and Ethicality of Corporate Governance (UOP) • Resource: Case 3-3, United Thermostatic Controls in Ch. 3 of Ethical Obligations and Decision Making in AccountingDetermine the legality of the activities based on federal, state, and local laws.Determine the criteria by which Sarbanes-Oxley would apply to this case.Determine the ethicality of the activities.
ETH 376 Week 4 Reflection (UOP) • Discuss the previous week’s objectives with your team. Your discussion should include the topics you feel comfortable with, any topics you struggled with, and how the weekly topics relate to application in your field.Prepare a 350- to 1,050- word paper detailing the findings of your discussion.
ETH 376 Week 5 Assignment Standards-Based Decision Making (UOP) • Resource: The ABC Corporation Case located on your student websiteWrite a 750- to 1,050-word paper accomplishing the following:• Describe four types of audit opinions Green and Associates may provide at the conclusion of a corporate financial audit. Specifically, describe and illustrate an unqualified, unqualified with explanatory paragraph, qualified, and adverse opinion. Differentiate between the opinions and provide specific criteria that warrant each type of opinion.• Determine whether the inventory valuation method used by ABC Corporation was legal and compliant with GAAP.• Is the client’s refusal to procure an audit of Internal Controls over Financial Reporting in violation of Sarbanes-Oxley? Why or why not?
ETH 376 Week 5 Reflection (UOP • Discuss the previous week’s objectives with your team. Your discussion should include the topics you feel comfortable with, any topics you struggled with, and how the weekly topics relate to application in your field. • Prepare a 350- to 1,050- word paper detailing the findings of your discussion.
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