Restoring public trust and confidence in the accounting profession
This revision also includes:
• Emphasis on values, ethics, and behaviors in a professional setting • Expanded coverage of professional codes of conduct and failure to maintain indepen-
dence, integrity, objectivity, and professional skepticism • New audit requirements and clarified Statements on Auditing Standards effective in
2014 that collectively better address financial statement fraud and the risk of material misstatements
min622IX_fm_i-xxii.indd viiimin622IX_fm_i-xxii.indd viii 02/09/13 12:29 PM02/09/13 12:29 PM
Preface ix
• Broadened perspective on earnings management, including the role of earnings expec- tations, the use of accruals, income smoothing, risk assessment and materiality, and financial restatements
• Public interest and ethical considerations in developing international financial report- ing standards, cultural considerations when operating overseas, corporate governance systems, and global bribery
• Restoring public trust and confidence in the accounting profession
This edition of Ethical Obligations and Decision Making in Accounting has dozens of new discussion questions. The material that was replaced to keep the book fresh is avail- able to instructors in the Instructor’s Manual for testing purposes. For the first time, we provide video links to many of the cases in the book in the IM.
In a project of this kind, errors are bound to occur. As authors, we accept full responsi- bility for all errors and omissions. We welcome feedback on the book and suggestions for improvements. The authors have collectively had more than 30 years of experience teach- ing accounting ethics and welcome the opportunity to share our insights with you on how best to use the book and teach ethics to accounting students.
Acknowledgments
The authors want to express their sincere gratitude to these reviewers for their comments and guidance. Their insights were invaluable in developing this edition of the book.
Russell Calk New Mexico State University Jeffrey Cohen Boston College Dan Hubbard University of Mary Washington
Lorraine Lee University of North Carolina–Wilimington Stephen A. McNett Texas A&M University–Central Texas Barbara Porco Fordham University
This revision also includes:
• Emphasis on values, ethics, and behaviors in a professional setting • Expanded coverage of professional codes of conduct and failure to maintain indepen-
dence, integrity, objectivity, and professional skepticism • New audit requirements and clarified Statements on Auditing Standards effective in
2014 that collectively better address financial statement fraud and the risk of material misstatements
min622IX_fm_i-xxii.indd viiimin622IX_fm_i-xxii.indd viii 02/09/13 12:29 PM02/09/13 12:29 PM
Preface ix
• Broadened perspective on earnings management, including the role of earnings expec- tations, the use of accruals, income smoothing, risk assessment and materiality, and financial restatements
• Public interest and ethical considerations in developing international financial report- ing standards, cultural considerations when operating overseas, corporate governance systems, and global bribery
• Restoring public trust and confidence in the accounting profession
This edition of Ethical Obligations and Decision Making in Accounting has dozens of new discussion questions. The material that was replaced to keep the book fresh is avail- able to instructors in the Instructor’s Manual for testing purposes. For the first time, we provide video links to many of the cases in the book in the IM.
In a project of this kind, errors are bound to occur. As authors, we accept full responsi- bility for all errors and omissions. We welcome feedback on the book and suggestions for improvements. The authors have collectively had more than 30 years of experience teach- ing accounting ethics and welcome the opportunity to share our insights with you on how best to use the book and teach ethics to accounting students.
Acknowledgments
The authors want to express their sincere gratitude to these reviewers for their comments and guidance. Their insights were invaluable in developing this edition of the book.
Russell Calk New Mexico State University Jeffrey Cohen Boston College Dan Hubbard University of Mary Washington
Lorraine Lee University of North Carolina–Wilimington Stephen A. McNett Texas A&M University–Central Texas Barbara Porco Fordham University
We also appreciate the assistance and guidance given us on this project by the staff of Mc-Graw-Hill Education, including Tim Vertovec, Managing Director; James Heine, Executive Brand Manager; Michelle Nolte, Marketing Manager; Lori Bradshaw, develop- ment editor; Judi David, project manager; Jennifer Pickel, buyer; Studio Montage, design coordinator; and Prashanthi Nadipalli, media project manager. We greatly appreciate the role of Shyam Ramasubramony, project manager, and Susan McClung, copyeditor of the book.
Finally, we would like to acknowledge the contributions of our students, who have pro- vided invaluable comments and suggestions on the content and use of these cases.
If you have any questions, comments, or suggestions concerning Ethical Obligations and Decision Making in Accounting, please send them to us at [email protected] and [email protected].
Steve Mintz
Rosie Morris
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x
Finally, we would like to acknowledge the contributions of our students, who have pro- vided invaluable comments and suggestions on the content and use of these cases.
If you have any questions, comments, or suggestions concerning Ethical Obligations and Decision Making in Accounting, please send them to us at [email protected] and [email protected].
Steve Mintz
Rosie Morris
min622IX_fm_i-xxii.indd ixmin622IX_fm_i-xxii.indd ix 02/09/13 12:29 PM02/09/13 12:29 PM