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laiz [17]
1 year ago
14

How would you define ethics? What are three factors that might affect good ethical conduct? Conduct research and provide an expl

anation of why the Sarbanes-Oxley Act was created and how it relates to ethics. What are the legal liabilities of an accountant?
Business
1 answer:
natka813 [3]1 year ago
6 0

Ethics which can also be known as moral philosophy is a branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong behavior.

Below you can read more about Factors that may Affect Ethics.

<h3>What is Ethical Conduct?</h3>

Ethical trust defines the principles of fairness, good faith and respect consistent with laws, regulations which helps in promoting professionalism.

There are several factors that affect good ethical conduct, they include the following

  • Individual Factor( include knowledge level, moral values and attitudes, and personal goals)
  • Social Factor (include cultural norms and the actions and values of coworkers and significant others)
  • Opportunity Factor( amount of freedom to move or act that is available to behave unethically if people so choose)

the Sarbanes-Oxley Act was created in response to incessant corporate fraud and failures. Its aim was to create new rules for corporations, such as setting new auditor standards.

The Legal liabilities of an accountant implies that the accountant is accountant legally liable for being negligent of fraud, even if they had no actual stake in the fraud being committed.

Learn more about Ethics at brainly.com/question/13969108

#SPJ1

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The price of fresh fish rose and the quantity sold fell. Other things remaining the same, which of the following is consistent w
Alenkinab [10]

Answer:

The correct answer is option D.

Explanation:

An increase in the cost of fishing will lead to a decrease in the supply of fishes. This happens because the suppliers will be able to supply less at the same cost.  

So the supply curve will move to the left. This leftward shift in the supply curve will cause the equilibrium price to increase and the equilibrium quantity to decrease.  

All the other options would have caused the equilibrium quantity to increase either through increased demand or increased supply.

4 0
4 years ago
Tropical Tours reported revenue of $411,000 for its year ended December 31, 2021. Accounts receivable at December 31, 2020 and 2
myrzilka [38]

Answer:

$406,300

Explanation:

The computation of the cash collection is shown below:

Cash Collected From Customers is

= Ending account receivable  +Revenue For the Year - opening account receivable  

= $31,400 + $411,000 - $36,100

= $406,300

4 0
3 years ago
Again, consider Sharon, a single mother with two children under 18 who earns an annual income of $16,000. Suppose that Sharon qu
Mrac [35]

Sharon and two kids makes 3 people total with both kids being under 18, the poverty level from the table is $20,231

She gets $1000 a month for her kids. 1000 x 12 months = $12,000 per year

12,000 + her annual salary = 12,000 + 16,000 = $28,000 per year.

28,000 is greater than 20,231 so she is not living in poverty.

The answer is no

7 0
3 years ago
During an election year, why would a senator want to determine a mode?
Sliva [168]

This is the answer from E D G E N U I T Y and it is A.to determine which issue is most important to the general public

Have a nice day or night! uwu

5 0
3 years ago
The Tolar Corporation has 500 obsolete desk calculators that are carried in inventory at a total cost of $720,000. If these calc
grandymaker [24]

Answer:

It is more profitable to upgrade the calculators.

Explanation:

Giving the following information:

The Tolar Corporation has 500 obsolete desk calculators that are carried in inventory at a total cost of $720,000. If these calculators are upgraded at a total cost of $140,000, they can be sold for a total of $200,000. As an alternative, the calculators can be sold in their present condition for $50,000.

We need to determine whether it is more convenient to upgrade the calculators or sell them as they are.

Upgrade:

Effect on income= 200,000 - 720,000 - 140,000= -$660,000

Not upgrade:

Effect on income= 50,000 - 720,000= -$670,000

It is more profitable to upgrade the calculators.

5 0
4 years ago
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