BTS CG

Who are the BIG 4 ?

• KPMG, EY, Deloitte, PWC

• PWC, KPMG, SAP, Deloitte

• Deloitte, PricewaterhouseCoopers , Ernst & Young (EY), and SAP

• Microsoft, IBM, Oracle, SAP

Why accoutants are the gate keepers of business Ethics ?

• Accountants ensure financial transparency and accuracy
• Accountants are in charge of customer service
• Accountants are responsible for marketing strategies
• Accountants are the primary decision makers in a business

We saw a text about the US Bank Well Fargo, What charges the bank was accused of ?

• The bank was accused of fraudulent account openings.

• The bank was accused of providing excellent customer service
• The bank was accused of giving out free money to customers
• The bank was accused of offering low interest rates on loans

What legal settlement, Well Fargo managed to reach ?

• All the charges have been dropped.

• 3 years of monitoring and deferred prosecution agreement.

• Several audits.

• Legal settlement with the US Government.

How companies can push employees to commit questionnable actions and decisions ?

• Unlimited vacation time
• Generous bonuses for ethical behavior
• Encouraging open communication and transparency
• Pressure, incentives, or toxic work culture

According to recent studies , how the role of accountant is changing ?

• The role of accountants is evolving to include more strategic and advisory functions.
• The role of accountants is becoming obsolete and unnecessary.
• The role of accountants is becoming more focused on manual data entry.
• The role of accountants is staying the same with no changes.

If you had to described the daily job of an accountant what could you write ?

• Recording financial transactions, preparing financial statements, analyzing financial data, and ensuring compliance with tax laws and regulations.
• Recording financial transactions, preparing salaries' benchmarks and adjusting any salary according to perfomance.

• Designing buildings and structures
• Selling products in a retail store

In suspicion of tax evasion, what charges the company can face ?

• Tax compliance and rewards
• Tax avoidance and tax benefits
• Tax fraud, tax evasion, and penalties for non-compliance

On what accounting document, you have stated the P&L ?

• Trial Balance
• Cash Flow Statement
• Balance Sheet
• Income Statement or Profit and Loss Statement

What are the two main parts you can find on the balance sheet :

• Debits and credits
• Assets and liabilities
• Equity and revenue
• Income and expenses