Posted on 06/28/2022 8:34:14 AM PDT by BenLurkin
I recall the same format to the test that you listed. I passed Theory and Practice first time out, which was my objective.
Next time, in May (and right after tax season), I took Ethics and Business Law, knowing my chances were slim and none. It was for the experience with the newer version of the tests.
Finally passed it the following November (1992).
oldie but goodie
UCF Professor Richard Quinn accuses class of cheating [Original]
https://www.youtube.com/watch?v=rbzJTTDO9f4
I'm old enough to remember when films like that were shown in public schools and I'm also old enough to remember when it was actually shameful to be caught doing something unethical.
We had parts of the Glime Delaney(spelling) manuals as our final exams in Intermediate and Business Law. I graduated a little over 30 years ago but I didn’t bother sitting for it. I knew there was no way in you know where I could pass the exam even with Becker.
Accounting should be easy. 2+2=4
Now add in the tax code and new math and Common Core math and you got trouble.
I’d like to see an audit of the federal government. But what’s the use when the auditors themselves are shysters.
Ernst & Young CEO Will Use Position On Boy Scouts Board To Advocate For LGBT Inclusion
Ernst & Young was instrumental in destroying the Boy Scouts.
However, the SEC says that a “significant number” of Ernst & Young audit professionals specifically cheated on the ethics component of the CPA exams that were required for their accounting jobs.
Audit firms serve a critical gatekeeping role in the financial markets and it is their jobs to ensure integrity of the financial reporting done by companies. It’s why the independence and integrity of these firms are paramount.
—
A lack of conscience is part of the reason for the Great Financial Crisis and will undoubtably be part of the reason for the next financial crisis.
A) The cheaters are not punished.
B) Government backstops the cheaters making them whole.
C) The cheaters learn that crime pays.
Anyone know if E&Y do any audits of state and/or local governments..?
How is that working out for everyone?
Ethics Exam crib sheet: (E&Y internal circulation only)
Question 1: Do you lie?
Correct answer: No.
Question 2: Do you cheat?
Correct answer: No.
Question 3: Do you steal?
Correct answer: No.
How, exactly, does one not already know the correct answers?
Piker......It took me four......:>)
If you don't need an exam to get grades in high school, and you don't need an exam to get into college anymore, then who needs an exam to get a job?
-PJ
LOL, but I was close to membership in the “300 Club”. I blew it with an 81 on Practice and a 78 on Theory. The other two were a perfect 75, which means the essay questions pulled me up to 75.
I posted elsewhere about how the CPA industry is looking forward to being the authority on ESG. The SEC is pushing the nonsense. But “certification” well make it seem credible.
BTW - One would reasonably assume that E&Y is not the only firm that has the shortcomings regarding ethics.
This is terrible reporting. What, exactly, did they do? Did they share an answer sheet? Was there a folder on the share labeled ‘ethics_answers’? Or was is a video walkthrough of the exam?
The writer writes a bunch of words talking about how bad it was, without telling the reader What It Was.
Journo school ain’t what it used to be.
Well, heck, if you can’t cheat on your ethics exam, what can you cheat on?
Every part of America is imploding.
Help a poor old man.
What the heck is an Ethics Exam?
Not a great answer, but hopefully it helps.
When I took it, the 4 parts were: Accounting Theory, Accounting Practice (two separate test sessions), Auditing, and Business Law.
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