1. What are the advantages of preparing financial statements in accordance with GAAP? What are the disadvantages?

2. Is it voluntary for a member of the AICPA to follow the AICPAs Code of Professional Conduct? Discuss whether you believe this is equitable Why or Why Not.

3. Is it voluntary for CPA who is not a member of the AICPA to follow the AICPAs Code of Professional Conduct? Discuss whether you believe this is equitable Why or Why Not.

4. A CPA was convicted of a crime and sentenced to jail for intentionally harming an animal. In most states, does this CPA satisfy the moral character standard for continuing to practice as a CPA? Should this CPA be allowed to continue to practice accounting?

5. Is it voluntary for a bookkeeper who is not a CPA to follow the AICPAs Code of Professional Conduct? Discuss whether you believe this is equitable Why or Why Not.

6. State and describe the six Principles of the AICPA Code of Professional Conduct.

7. Research the core principles of the IFAC Code of Conduct and compare them to the Principles of the AICPA Code of Professional Conduct. What are the differences? Are these differences important to you?

8. What is big bath accounting? How is it abused?

9. Identify an ethical issue that is in the news. Analyze it from the standpoint of consequentialism.

10. Do you believe that societal resource allocations based on Rawls veil of ignorance should be widely adopted? Discuss your reasons Why or Why not.

11. Should corporations be required to disclose in SEC filings their expenditures on improving and maintaining the environment?

12. How important is the maintenance of a high self-image to you? Provide examples in which you took actions to augment your self-image.

13. What criticisms do you have of the Becker Rational Model?

14. Why did the 9/11 attack evoke such a high degree of moral outrage? Analyze it by applying the issue-contingent model.

15. Discuss the pros and cons of contingency fees from a clients standpoint.

16. Discuss the pros and cons of contingency fees from an accountants standpoint.

17. When are contingency fees permissible in rendering tax services? Is this equitable Why or Why not?

18. Discuss cookie jar accounting? How is it abused?

19. What lessons have been learned from the demise of Enron?