Question - Please answer the following questions in full sentences. Needs to be at least a paragraph each.
1. What are the fundamental principles in the codes of conduct for professional accountants? Explain why they are important to maintain ethical standards.
2. Business ethics and the law can be seen as three intersecting circles. What are the various intersections of the circles and why are they important?
3. (TCO 7) The notion of independence is central to all aspects of the professional accountant. What is meant by the term independent? Be specific and give an example.
4. The Enron Board of Directors formed a subcommittee headed by William Powers, Jr. This subcommittee submitted a report of its findings. Summarize the findings presented by this subcommittee.
5. (TCO 4) Discuss the philosophy of Con-sequentialism.
6. What is a stakeholder-accountability oriented governance process?