Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Using the AICPA Code of Professional Conduct Links to an external site. describe how this was either applied, misapplied, or completely ignored. Using the COSO
Using the AICPA Code of Professional Conduct Links to an external site. describe how this was either applied, misapplied, or completely ignored. Using the COSO Internal ControlIntegrated Framework Executive Summary Links to an external site., describe the internal control weaknesses. Provide your recommendation for how to tighten up the controls for ONS based on the COSO summary. Explain some of the actions of ONS leadership and the audit team based on the Fraud Triangle. Using a virtue ethics approach, explain the shortcomings and describe how these principles could have benefited SM&A? How would the duty-based concepts of deontology have been applied to this situation from both ONS and SM&A? Describe how ONS and SM&A might have altered their choices if they would have been operating in the mode of transparency and in the best interest of various stakeholders (stockholders, community, employees, creditors)? How might the consequentialism ethical theory have been expressed and practiced by Patrick and Alexander Fred? What could be the quantitative and qualitative benefits and costs for Mrs. Melinda Jones to follow the request? What might be the criminal and punitive damages under SOX to upper management if they certify this year's financial statements?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
This question covers a wide range of complex topics related to ethics internal controls fraud and corporate governance I will provide a brief overview ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started