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ACT505 Accounting Theory And Contemporary Issues

tag 0 Download 7 Pages / 1,726 Words tag 21-10-2020
  • Course Code: ACT505
  • University: Charles Darwin University
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  • Country: Australia

Question:

1. What standards and principles of ethics did Johnny and Mary Jo violate? Should Johnny be sanctioned by the firm or the PCAOB? If so, how? Should Mary Jo be sanctioned by the university office responsible for ensuring academic integrity? If so, how?
2. Who are the main stakeholders in each situation aside from Johnny and Mary Jo? How might each of these stakeholders be affected by Johnny’s and Mary Jo’s choices, respectively?
3. How might Johnny and Mary Jo rationalize their behavior as acceptable?
4. What alternative actions would you recommend for Johnny and Mary Jo?
5. Johnny and Mary Jo both failed to speak up when confronted with their ethical dilemmas. What factors contributed to their silence? Assume that they wanted to act ethically. How could they have given voice to their concerns?
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