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Answer questions 4 and 5. Provide a hypothetical example to illustrate your answer to question 4. Explain your answers thoroughly.

4. When should an accountant place his or her duty to the public ahead of his or her duty to a client or employer?

5. Which would you choose as the key idea for ethical behavior in the accounting profession: “Protect the public interest” or “Protect the credibility of the profession.” Why?

1. List the provisions under the Sarbanes-Oxley act that have proved to have the most significant impact on corporate governance and boards.

2. What is the Committee of Sponsoring Organizations (COSO)? List the control structure elements, and explain the control environment.

3. Enumerate upon the responsibilities of the Committee of Sponsoring Organizations (COSO). Explain Enterprise Risk Management?Integrated Framework.