The Importance of Ethics in Accounting


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question 1 of 3

Ethics are defined as _____.

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1. What was the accounting firm that made unethical choices in the Enron scandal?

2. Who investigated Arthur Andersen and Enron?

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About this Quiz & Worksheet

Test your ability to understand the importance of having ethics in accounting. Quiz questions assess your knowledge of the Enron scandal and the law enacted after the Enron scandal.

Quiz & Worksheet Goals

In these assessments you'll be tested on the following:

  • Ethics
  • Accounting firm that helped Enron make unethical choices
  • Organization who investigated Enron
  • Law that was enacted as a direct result of the Enron scandal
  • Mandates of Sarbanes-Oxley Act

Skills Practiced

This worksheet and quiz let you practice the following skills:

  • Reading comprehension- ensure that you draw the most important information from the related accounting ethics lesson
  • Information recall- access the knowledge you've gained regarding the Sarbanes-Oxley Act and how it improves accounting ethics
  • Knowledge application- use your knowledge to answer questions about the Enron scandal and its impact

Additional Learning

To review concepts related to accounting ethics, read through the brief lesson on Why Ethics in Accounting is Important. This lesson will help you:

  • Identify what ethics is and its importance
  • Learn about the impact and details of the Enron scandal
  • Explore ethics in accounting through specific scenarios