Richard T. De George | Ethical Issues for Accountants
In this reading, De George looks at the inherent conflicts of interest built into the US system in which accounting firms work for and are paid by the companies that hire them. Because of the rule of confidentiality, accountants may find themselves caught between loyalty to their clients and ethical obligations to the public at large. De George suggests a tightening of the guidelines for accountants presented in their professional codes.
-While accountants are required to certify that a company's accounts are correctly presented, they are not required to
A) verify the information given to them by that company.
B) show that the accounts are in accord with generally accepted auditing standards.
C) make public any internal discrepancies or fraud.
D) both a and c
Correct Answer:
Verified
Q49: Richard T. De George | Ethical Issues
Q50: Richard T. De George | Ethical Issues
Q51: Richard T. De George | Ethical Issues
Q52: Richard T. De George | Ethical Issues
Q53: Richard T. De George | Ethical Issues
Q55: Richard T. De George | Ethical Issues
Q56: Richard T. De George | Ethical Issues
Q57: Richard T. De George | Ethical Issues
Q58: Richard T. De George | Ethical Issues
Q59: De George implies that the public might
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents