Ethical Auditing Quiz

What is the purpose of an ethics audit?

• To ensure compliance with financial regulations

• To evaluate the effectiveness of marketing strategies

• To measure customer satisfaction

• To improve the social and ethical performance of an organization

Which of the following is a measurement tool used for ethical risk planning?

• SWOT analysis

• Triple bottom line

• Balanced scorecard

• Six Sigma

In the Ernst & Young cheating scandal, the company was charged for employees cheating on which exam?

• CPA Ethics Exam

• Medical Board Exam

• Bar Exam

• SAT Exam

What was the penalty imposed by the SEC on Ernst & Young for the cheating scandal?

• $100 million

• $50 million

• $10 million

• $500 million

Which company was involved in the News Corporation phone hacking scandal?

• Ernst & Young

• Volkswagen

• HealthSouth

• News of the World

Who owned News of the World during the phone hacking scandal?

• Rupert Murdoch

• Glenn Mulcaire

• Richard Scrushy

• Aaron Beam

What was the main failure in ethical auditing in the News Corporation scandal?

• Lack of measurement tools

• Lack of top management commitment

• Lack of an audit committee

• Lack of transparency and reporting

Which company was involved in the HealthSouth accounting scandal?

• Ernst & Young

• News Corporation

• Volkswagen

• HealthSouth

What was the main method used by HealthSouth to manipulate financial statements?

• Overestimating revenue

• Overstating assets

• Understating liabilities

• Underestimating expenses

What was the main failure in ethical auditing in the HealthSouth scandal?

• Lack of an audit committee

• Lack of transparency and reporting

• Lack of measurement tools

• Lack of top management commitment