ACCT 4346 EXAMINATION STUDY SHEET
2026 QUESTIONS WITH ANSWERS
GRADED A+
◉collect and analyze information. Answer: -identify tools for
measuring progress in improving employees' ethical decisions
-collect relevant subject matter (internal and external docs)
-determine a baseline level of compliance
-determine all commitments
-stakeholder yield insights (integrating stakeholder feedback is
crucial in an audit)
-audit should compare organizational performance to other
comparable orgs
◉verify the results. Answer: -have an independent party verify the
results, verfication is an assessment of the quality, accuracy, and
completeness of a company's social report (involve standard
procedures to control reliability and validitiy of info)
, ◉reporting the findings. Answer: -spells out purpose and scope of
audit, methods used, role of the author, and auditing and reporting
guidelines
-may be disseminated internally or externally
-ethics audits are similar to financial audits but forms are different
◉strategic importance of ethics auditing. Answer: -should be
conducted regularly
-provides a benchmark of overall effectiveness of ethics initiatives
-can demonstrate the positive impact of ethical conduct and social
repsonsiblity on the firms bottom line
◉global culture, value, and practices. Answer: -country cultural
values: are specific to countries, regions, sects or groups
-national culture: everything in our surroundings that is made by
people (both tangible and intangible, each nation has a cultural
belief about acceptable business practices, subcultures can be found
in many nations)
◉classifying cultural differences. Answer: -
individualism/collectivism
-power distance
-uncertainty avoidance
-masculinity/femininity
2026 QUESTIONS WITH ANSWERS
GRADED A+
◉collect and analyze information. Answer: -identify tools for
measuring progress in improving employees' ethical decisions
-collect relevant subject matter (internal and external docs)
-determine a baseline level of compliance
-determine all commitments
-stakeholder yield insights (integrating stakeholder feedback is
crucial in an audit)
-audit should compare organizational performance to other
comparable orgs
◉verify the results. Answer: -have an independent party verify the
results, verfication is an assessment of the quality, accuracy, and
completeness of a company's social report (involve standard
procedures to control reliability and validitiy of info)
, ◉reporting the findings. Answer: -spells out purpose and scope of
audit, methods used, role of the author, and auditing and reporting
guidelines
-may be disseminated internally or externally
-ethics audits are similar to financial audits but forms are different
◉strategic importance of ethics auditing. Answer: -should be
conducted regularly
-provides a benchmark of overall effectiveness of ethics initiatives
-can demonstrate the positive impact of ethical conduct and social
repsonsiblity on the firms bottom line
◉global culture, value, and practices. Answer: -country cultural
values: are specific to countries, regions, sects or groups
-national culture: everything in our surroundings that is made by
people (both tangible and intangible, each nation has a cultural
belief about acceptable business practices, subcultures can be found
in many nations)
◉classifying cultural differences. Answer: -
individualism/collectivism
-power distance
-uncertainty avoidance
-masculinity/femininity
