Erica works in the accounting department at Spartans Inc. creating budgets. Based on her forecasts, she believes earnings will fall short of analysts' projections. She tells her aunt to sell stock in the company before the earnings release date. Which, if any, ethical standards did Erica violate? O Integrity - failure to abstain from activities that might discredit the profession. O Integrity - failure to mitigate conflicts of interest. Confidentiality - failure to refrain from using information for an unethical advantage. O Competence - failure to provide information that is accurate, clear, and concise. O Credibility - failure to provide all relevant information that could influence a decision. O Confidentiality - disclosure of confidential information without authorization or legal requirement.

Erica works in the accounting department at Spartans Inc. creating budgets. Based on her forecasts, she believes earnings will fall short of analysts' projections. She tells her aunt to sell stock in the company before the earnings release date. Which, if any, ethical standards did Erica violate? O Integrity - failure to abstain from activities that might discredit the profession. O Integrity - failure to mitigate conflicts of interest. Confidentiality - failure to refrain from using information for an unethical advantage. O Competence - failure to provide information that is accurate, clear, and concise. O Credibility - failure to provide all relevant information that could influence a decision. O Confidentiality - disclosure of confidential information without authorization or legal requirement.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter12: Financial Statements, Closing Entries, And Reversing Entries

Section: Chapter Questions

Problem 4A

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