ETHICAL DECISION MAKING

When is it acceptable to give a gift to a client according to the AICPA guidelines?

• During an ongoing engagement

• After the work with the client has ended

• At any time during the business relationship

What should be done if a gift received from a client is considered too extravagant?

• Keep the gift and express gratitude

• Return the gift with a note of thanks and an explanation

• Accept the gift but disclose it to the ALCPA

When is a covered member allowed to give a gift to persons associated with the attest client without impairing independence

• If the gift is extravagant

• If the gift reasonable in the circumstances

• If the gift is given before the engagement starts

What does the "fair business" requirement under the FCPA prohibit?

• Payment of excessive salaries to foreign officials

• Payment of anything of value to foreign officials, political candidates , or political parties for influence or business advantage

• Payment of taxes to foreign governments

Who can be held liable for payments made by third parties acting on behalf of a company under the FCPA?

• Only the third making the payment

• The company,regardless of whether it had knowledge of the payment

• The foreign official receiving the payment

What are issuers of securities on U.S. exchanges required to maintain under the accounting requirement of the FCPA?

• Detailed financial forecasts

• Accurate accounting records and system of internal controls

• Reports on employee salaries

What is the maximum civil penalty for individual FCPA violations under the anti-bribery provisions?

• $5,000

• $10,000

• $50,000

What is the maximum criminal fine for individual FCPA violations under the anti-bribery provisions?

• $100,000

• $250,000

• $500,000

What is the definition of ethics of decision-making?

• Choosing the easiest solution to a problem

• Choosing one of the alternative methods of action based on foresight consequences and responsibility

• Ignoring the consequences of decisions

Why is decision-making considered an integral part of the ethics of responsibility?

• Because it allows individuals to avoid responsibility

• Because it involves considering the consequences of decisions and taking responsibility for them

• Because it ensures decisions are made quickly without consideration of consequences