Questions from Accounting Ethics

Q: Ed Giles and Susan Regas have never been happier than during the

Ed Giles and Susan Regas have never been happier than during the past four months since they have been seeing each other. Giles is a 35-year-old CPA and a partner in the medium-sized accounting firm o...

Q: Veronica Betterman, a fifth-year accounting major at Anywhere University

Veronica Betterman, a fifth-year accounting major at Anywhere University, wakes up in a cold sweat. Like many accounting majors, Veronica did an internship in public accounting the previous spring res...

Q: Relevance and faithful representation are the qualitative characteristics of useful information under

Relevance and faithful representation are the qualitative characteristics of useful information under SFAC 8. How does ethical reasoning enter into making determinations about the relevance and faithf...

Q: Hailey Declaire, a CPA, just sent the tax return that

Hailey Declaire, a CPA, just sent the tax return that she prepared for a client in the marijuana growing and distribution business, Weeds ‘R’ Us, to Harry Smokes the manager of the tax department. Har...

Q: Sam and John have been friends for 20 years. They met

Sam and John have been friends for 20 years. They met in college and worked together for 10 of the 20 years. During that time, each made a promise that if they won a lottery they would share the winni...

Q: On October 5, 2017, New York Times Investigative reporters Jodi

On October 5, 2017, New York Times Investigative reporters Jodi Kantor and Megan Twohey broke the story ‘Harvey Weinstein Paid Off Sexual Harassment Accusers for Decades.’ Harvey Weinstein is one of...

Q: Milton Manufacturing Company produces a variety of textiles for distribution to wholesale

Milton Manufacturing Company produces a variety of textiles for distribution to wholesale manufacturers of clothing products. The company’s primary operations are located in Long Isl...

Q: Section 179 of the IRS tax code allows qualifying businesses to deduct

Section 179 of the IRS tax code allows qualifying businesses to deduct the full cost of “eligible property” on their income taxes as an expense, rather than requiring the cost of the property to be ca...

Q: Cleveland Custom Cabinets is a specialty cabinet manufacturer for high-end

Cleveland Custom Cabinets is a specialty cabinet manufacturer for high-end homes in the Cleveland Heights and Shaker Heights areas. The company manufactures cabinets built to the specifications of hom...

Q: Jenna was irritated after class today. A classmate, Ben,

Jenna was irritated after class today. A classmate, Ben, had argued about the need for social justice reform that included defunding the police. Jenna was offended by the comments in part because her...