Resume
Samenvatting - Accounting ethics
- Cours
- Accounting ethics
- Établissement
- Universiteit Antwerpen (UA)
Samenvatting van de slides en de les. Ik had een 17/20
[Montrer plus]
Vendeur
S'abonnerAperçu du contenu
ACCOUNTING EHTICSINHOUD
1. introduction .................................................................................................................................................... 5
1.1. what is accounting ethics ...................................................................................................................... 5
1.2. Why does accounting ethics matter? .................................................................................................... 5
1.3. Who are the stakeholders? ................................................................................................................... 5
1.4. Who are the players? ............................................................................................................................ 5
1.5. External audit of the financial statements ............................................................................................ 6
1.6. IESBA code of ethics for professional accountants................................................................................ 7
1.7. audit quality ........................................................................................................................................... 7
1.8. audit firm culture ................................................................................................................................. 10
1.9. economics of auditing ......................................................................................................................... 10
1.9.1. demand ........................................................................................................................................... 11
1.9.2. supply .............................................................................................................................................. 11
1.10. data driven audit environment ............................................................................................................ 12
1.11. Functioning of the audit market .......................................................................................................... 12
1.12. regulation ............................................................................................................................................ 12
1.13. Public oversight ................................................................................................................................... 13
2. ethical decsion making .................................................................................................................................. 15
2.1. What is ethics? ........................................................................................................................................... 15
2.1.1. What is ethics not? .............................................................................................................................. 15
2.1.2. What is ethics ...................................................................................................................................... 15
2.2. Ethical reasoning: implications for accounting .......................................................................................... 15
2.2.1 Modern moral philosophies ................................................................................................................. 15
2.3. Cognitive processes and ethical decision making in accounting ................................................................ 17
2.3.1. Heinz and the drug .............................................................................................................................. 17
2.3.2. Kohlberg stages of moral development .............................................................................................. 18
2.3.3. Rest 4 component model of ethical decision making ......................................................................... 18
2.3.4. integrated ethical decision making process ....................................................................................... 19
2.3.5. Cases ................................................................................................................................................... 19
2.4. Giving voice to values ................................................................................................................................. 19
3 Organizational ethics and corporate governance ......................................................................................... 22
3.1. Framwork for understanding ethical decision making ...................................................................... 22
3.2. Ethical dissonance model .................................................................................................................... 22
3.3. Seven signs of ethical collapse............................................................................................................. 23
1
, 3.4. Establishing an ethical culture ............................................................................................................. 23
3.4.1. Ethics in the workplace ................................................................................................................... 24
3.4.2. Character and leadership in the workplace .................................................................................... 24
3.5. Surveys................................................................................................................................................. 24
3.5.1. KPMG’s integrity survey 2013 ......................................................................................................... 25
3.5.2. 2018 global business ethics survey ................................................................................................. 25
3.5.3. KPMG’s integrity survey 2019 ......................................................................................................... 25
3.5.4. 2021 global business ethics review ................................................................................................ 26
3.6. Fraud .................................................................................................................................................... 27
3.6.1. Behavioural indicators of fraud ....................................................................................................... 27
3.6.2. Financial statement fraud ............................................................................................................... 27
3.6.3. Why does financial statement fraud occur? ................................................................................... 28
3.7. (Sustainable) corporate governance ................................................................................................... 28
3.7.1. Best practices of governances ......................................................................................................... 28
3.7.2. Corporate governance: groups involved ......................................................................................... 29
3.7.3. Audit committee ............................................................................................................................. 29
3.7.4. Internal auditors .............................................................................................................................. 29
3.7.5. Internal controls .............................................................................................................................. 30
3.7.6. External auditors ............................................................................................................................. 31
4. Ethics and professional judgement in accounting ........................................................................................ 32
4.1. Professional judgement ....................................................................................................................... 32
4.1.1. Professional judgement in auditing................................................................................................. 32
4.1.2. What drives professional judgement? ............................................................................................ 32
4.1.3. Judgment bias ................................................................................................................................. 33
4.1.4. Judgement biases depend on environmental factors ..................................................................... 33
4.1.5. The profession’s response: judgment framework in auditing......................................................... 33
4.1.6. Judgement traps .............................................................................................................................. 35
4.1.7. Avoiding judgement traps ............................................................................................................... 37
4.1.8. What makes a good coach in auditing?........................................................................................... 38
4.2. Auditor scepticism ............................................................................................................................... 39
4.2.1. Challenges to professional scepticism............................................................................................. 40
4.2.2. Safeguards to professional scepticism ............................................................................................ 40
4.2.3. Audit deficiencies ............................................................................................................................ 41
4.3. Public interest in auditing .................................................................................................................... 41
5. Fraud in financial statements and the role of the auditor ............................................................................ 45
5.1. fraud in financial statemetns ............................................................................................................... 45
5.2. fraudulent financial reporting ............................................................................................................. 46
2
, 5.3. Error, fraud and illigal acts ................................................................................................................... 46
5.4. the fraud triangle ................................................................................................................................. 47
5.5. dark triad personality trait s ................................................................................................................ 48
5.6. Fraud risk assessement ........................................................................................................................ 49
5.7. Internal control assessment ................................................................................................................ 49
PwC’s 2022 global economic crime and fraud survey ................................................................................... 50
5.8. management representation............................................................................................................... 51
5.9. Audit committee responsibilities for fraud risk assessment ............................................................... 51
5.10. Auditor’s communication .................................................................................................................... 51
5.11. audit reports ........................................................................................................................................ 52
5.11.1. Internal control over financial reporting .................................................................................... 52
Concluding thoughts ......................................................................................................................................... 52
6. Earning management .................................................................................................................................... 54
6.1. Motivation to manage earnings .......................................................................................................... 54
6.2. Is earning managemetn legal? ............................................................................................................. 54
6.2.1. Green mountain coffee roaster....................................................................................................... 55
6.3. Using social media to report earnings guidance and financial results ................................................ 55
6.4. Non gaap measures of earnings ( form of earning management) ...................................................... 55
6.5. income smoothing ( form of earning manamgent) ............................................................................. 56
6.6. charactersitics of earnings management ............................................................................................ 56
6.7. some definitions of earnings management ......................................................................................... 57
6.8. ethics of earnings management .......................................................................................................... 58
6.8.1. continuum of eearnings managemetn ............................................................................................ 58
6.8.2. acceptability of earnings management from a materiality perspective ......................................... 58
6.9. good to know ....................................................................................................................................... 59
6.10. financial shenanigans .......................................................................................................................... 59
6.11. red flags of earning management........................................................................................................ 60
6.12. Restatements ....................................................................................................................................... 60
6.13. conclusion ............................................................................................................................................ 60
7. quality control & public oversight ................................................................................................................. 63
7.1. quality control ..................................................................................................................................... 63
7.2. Elements of a system of quality control .............................................................................................. 63
7.2.1. tone at the top ................................................................................................................................ 63
7.2.2. relevant ethical requirements ......................................................................................................... 64
7.2.3. acceptance and continuance of client relationships and specific engagements ............................ 64
7.2.4. human resources ............................................................................................................................. 65
7.2.5. engagement performance ............................................................................................................... 65
3
, 7.2.6. monitoring ....................................................................................................................................... 66
7.3. documentation of the system of quality control ................................................................................. 66
7.3.1. transparancy report ........................................................................................................................ 66
7.4. public oversight ................................................................................................................................... 67
7.4.1. PCAOB ............................................................................................................................................. 68
7.4.2. CEAOB ( european level) ................................................................................................................. 69
7.4.3. IFIAR ( on international level) .......................................................................................................... 69
8. ethical leadership .......................................................................................................................................... 73
8.1. ethical refelction .................................................................................................................................. 73
8.2. what is ethical leadership .................................................................................................................... 73
8.3. ethical leadership in accounting firms ................................................................................................. 74
8.4. research on leadership and audit firms ............................................................................................... 74
8.5. ethical leadershio and the internal audit function .............................................................................. 77
8.6. different types of leaders .................................................................................................................... 77
8.7. social learning theory ( role model) ..................................................................................................... 77
8.8. ethical leadership competence ........................................................................................................... 77
8.9. the ethical leadership scales ................................................................................................................ 78
8.10. ethical leadership failure ..................................................................................................................... 79
8.11. whistleblowing in accounting .............................................................................................................. 79
8.12. moral intensity ..................................................................................................................................... 80
8.13. concluding thought .............................................................................................................................. 80
4
Les avantages d'acheter des résumés chez Stuvia:
Qualité garantie par les avis des clients
Les clients de Stuvia ont évalués plus de 700 000 résumés. C'est comme ça que vous savez que vous achetez les meilleurs documents.
L’achat facile et rapide
Vous pouvez payer rapidement avec iDeal, carte de crédit ou Stuvia-crédit pour les résumés. Il n'y a pas d'adhésion nécessaire.
Focus sur l’essentiel
Vos camarades écrivent eux-mêmes les notes d’étude, c’est pourquoi les documents sont toujours fiables et à jour. Cela garantit que vous arrivez rapidement au coeur du matériel.
Foire aux questions
Qu'est-ce que j'obtiens en achetant ce document ?
Vous obtenez un PDF, disponible immédiatement après votre achat. Le document acheté est accessible à tout moment, n'importe où et indéfiniment via votre profil.
Garantie de remboursement : comment ça marche ?
Notre garantie de satisfaction garantit que vous trouverez toujours un document d'étude qui vous convient. Vous remplissez un formulaire et notre équipe du service client s'occupe du reste.
Auprès de qui est-ce que j'achète ce résumé ?
Stuvia est une place de marché. Alors, vous n'achetez donc pas ce document chez nous, mais auprès du vendeur merelpeeraer. Stuvia facilite les paiements au vendeur.
Est-ce que j'aurai un abonnement?
Non, vous n'achetez ce résumé que pour €7,49. Vous n'êtes lié à rien après votre achat.
Peut-on faire confiance à Stuvia ?
4.6 étoiles sur Google & Trustpilot (+1000 avis)
53068 résumés ont été vendus ces 30 derniers jours
Fondée en 2010, la référence pour acheter des résumés depuis déjà 14 ans