2. What are the similarities and differences between accounting standards within the U.S. and international accounting standards? How do the differences affect multinational firms?

3. What are some of the consequences of the use of unethical accounting practices? Consider the consequences to investors, lenders, customers, employees, and suppliers.

8.) List the advantages and disadvantages of an automated accounting information system, which auditors must understand. What actions can an auditor take to reduce the impact of the disadvantages? If the auditor takes these actions, what are the likely outcomes? If he or she fails to take these actions, what are the likely outcomes?

9. What are some threats that might harm the accounting information system of a local hospital? List specific examples from each of the five types of threats.