After successfully completing this course, you will be able to:
CO1. Differentiate between moral philosophies and their effect on ethical reasoning in accounting.
CO2. Evaluate and apply the concept of the public interest in accounting, the Principles section of the AICPA Code of Professional Conduct, and the IMA Statement of Ethical and Professional Practice to a case study.
CO3. Apply the components of Rest’s model, Kohlberg’s stages of moral development, the Integrated Ethical Decision-‐Making Model, and the “Giving Voice to Values” technique to an accounting case and evaluate how it influences ethical decision making.
CO4. Describe the link between organizational climate, ethical leadership, organizational ethics, individual ethics, and corporate culture.
CO5. Analyze the causes of fraud, detection methods, preventative controls the components of corporate governance and their relationship to corporate culture, and the accountants’ obligations to whistle blow.
CO6. Assess the basis for auditors’ statutory legal liability, the auditors’ legal liabilities under SOX, the provisions of the FCPA, and the cultural and professional constraints of adopting IFRS.
CO7. Survey the motivation for earnings management, the devices used to manage earnings, how earnings management judgments are made, and the implications of financial restatements.