NEW 1. A possible result of ethical failure in financial reporting could be Increased trust in the accounting profession. loss of jobs. access to more investment dollars. more secure retirement accounts of employees of the reporting company. NEW 2. Accountants commit themselves to honoring public trust. satisfying their clients. meeting investor expectations. o protecting creditor stakes. NEW 3. Personal ethics play no role in accounting. are secondary to techinical accounting knowledge. are not required in the practice of accounting. are fundamental to making the free-market system work. NEW 4. Ethics are important to the accounting profession because the profession dictates ethical rules for accountants to follow professional ethics provide the accountant with guidelines to use when dealing with ethics are not important because accounting is a profession that deals with situation ethics are not important because accountants rely exclusively on their technical knowledge NEW 5. Z Company manufacturers bicycles and is listed on the New York Stock Exchange. For the last three years Z Company has exceeded earnings and profit expectations. What classfication of stakeholder would be most interested in this fact? Labor Unions Creditors Government agencies Customers