Business Ethics subjuct

5-During the period of failures at savings and loan institutions, Lincoln S&L was charged with:

-Causing retirees to lose their life savings

-Causing employees to lose their jobs

-Stealing $300 million from shareholders

-Engaging in a Ponzi scheme

7-The principle of ethical behavior in the AICPA Code that asks questions directly related to ethical courage is:

-Due care

-Objectivity

-Independence

-Integrity

8-One reason independence in appearance is used to evaluate threats to independence is:

-Threats to independence can only be measured using a safeguards approach

-Factual independence is based on unobservable matters

-Threats to independence always exist when perceptions indicate a conflict of interests may exist between the auditor and client

-Independence in appearance links to other rules of conduct