University of Miami

ACC 522

Quiz 2

1)The key ethical principle is the Leigh Ann Walker case is:

1. 1. Integrity
   2. Independence

2. Because of the ethical issue, the auditors failed to obtain reasonable assurance (that is, sufficient appropriate evidence).
   1. True
   2. False

3. Firm personnel who possibly violated this ethical principle include:
   1. Leigh Ann Walker, junior (staff) auditor
   2. Don Roberts, audit partner
   3. Both a and b
   4. Neither a or b

4. One of the six elements of quality control is Human Resources. Give one example of how the auditing firm complied with this element.

5. In your opinion, should Leigh Ann Walker have been counseled out of the firm? Why? (two or three sentences)