Topic 1 of 1: Internal Controls and Planning for Ethical Decisions

For this week's discussion, you are required to respond to one of the following questions.

Question 1:Many professional accountants know of questionable transactions but fail to speak out against them. Can this lack of moral courage be corrected? How?

Question 2:Once a strong system of internal controls has been established in a firm, what does it take to make them work efficiently? Under what conditions would they become ineffective?