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27 Cards in this Set

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  • Back
What is the fundamental ethics principle to which government employees should subscribe?
Public service is a public trust. Government employees should not abuse their public position to enrich themselves or others.
What is the one overriding criteria upon which personnel, procurement and other decisions should be made?
Merit
What is the first rule for remaining independent and objective?
Avoid conflicts of interest.
What principle requires that government employees not only have the competence and experience to perform their job, but perform the job in a totally professional manner?
Due care
What are the continuing professional education requirements for a CGFM?
80 hours every 2 years
What does "due care" mean?
Exercising one's knowledge and skills with reasonable care and diligence.
What are the four steps that can frequently be taken to "cure" a conflict of interest?
Recusal, waiver, qualified blind trust, divestiture.
Professional integrity is exercising:
Diligence and honesty in the conduct of professional duties.
Independence is defined as:
Not being obligated to others.
What are the purposes of AGA's code of Ethics?
The AGA Code of Ethics ia 1) a guide for making ethical decisions, and 2) a standard of behavior to which Certified Governmental Financial Managers and other AGA members should aspire. It is intended to foster high professional standards and behavior at all levels of government.
Who should be contacted if one has any doubt about a possible conflict of interest?
Agency ethics official, supervisor or senior official.
Whfat is the best way to avoid favoritism?
Disqualify oneself.
In applying the standards of conduct set forth in AGA's Code of Ethics, CGFM govnerment auditors are expected to:
a. Be guided by the expertise of the auditee.
b. Exercise their individual judgement.
c. Compare them to standards of other professions.
d. Use discretion in deciding whether to use them.
b. Exercise their individual judgement.
The best reason for an organization to establish a code of conduct is that such codes:
a. Provide a solid basis for personnel evaluations.
b. Are typically required by governments.
c. Have public relations potential.
d. Provide guidance for employees to avoid behavior that could create a real or perceived conflict of interest.
d. Provide guidance for employees to avoid behavior that could create a real or perceived conflict of interest.
Independence permits government auditors to render impartial and unbiased judgements. The most effective way to achieve independence is by:(There are two correct answers.)
a. Maintaining sufficient individual knowledge and skills.
b. Addressing organizational impediments.
c. Maintaining personal objectivity.
d. Exercising due professional care.
b. Addressing organizational impediments.
c. Maintaining personal objectivity.
Two key purposes for establishing a code of ethics within a professional organization are to: (Select two correct answers.)
a. Reduce the likelihood that members of the profession will be sued for substandard work.
b. Ensure that all members of the profession perform at the same level of competence.
c. Ensure that members will work at the highest standards of professionalism.
d. Demonstrate acceptance of responsibility to the interests of those served by the profession.
c. Ensure that members will work at the highest standards of professionalism.
d. Demonstrate acceptance of responsibility to the interests of those served by the profession.
How many fundamental principles are included in AGA's Code of Ethics?
a. Four
b. Five
c. Six
d. Seven
c. Seven
Which of the following is NOT a fundamental principle in AGA's Code of Ethics that government financial managers must observe:
a. Technical standards
b. Personal responsibility
c. Professional competence and due care
d. Confidentiality
b. Personal responsibility
Disciplinary actoin for violation of AGA's Code of Ethics include (which three):
a. Remedial action, such as additional education
b. Suspension of CGFM certicate
c. Written reprimand
d. Payment of a fine.
(d) Options a, b, and c are three of six actions cited in AGA's Code of Ethics
How many objectives are included in AGA's Code of Ethics?
a. Four
b. Five
c. Six
d. Seven
a. Four
An auditor discovers some material inefficiencies in a purchasing function. The purchasing manager happens to be the auditor's next-door neighbor and best friend. In accordance with AGA's Code of Ethics, the auditor should:
a. Objectively include the facts of the case in the audit report.
b. Tell the friend about the findings and hold reporting until the friend has taken action to address the inefficiencies.
c. Include the facts of the case in a special report submitted only to the friend.
d. Not report the friend unless the activity is illegal.
a. Objectively include the facts of the case in the audit report.
Which of the following concurrent occupations has the highest potential for subverting the ethical behavior of an agency accountant?
a. Accountant and volunteer at a well-known charitable organization
b. Accountant and part owner of a business that solicits business from the government
c. Accountant and adjunct faculty member of a local business college that educates potential employees.
d. Accountant and landlord of apartment housing that publicly advertises for tenants in local community newspaper listing monthly rental fees
b. Accountant and part owner of a business that solicits business from the government
What would you do?
You are a purchasing agent buying pharmaceuticals.
You meet with manufacturers' reprsentatives in your office during lunch hours.
Manufacturers' reprsentatives bring sandwiches and soft drinks
You need to meet with manufacturers' representatives to obtain information about new products. Your calendar is crowded and informal meetings during lunch Tuesdays thourgh Thursdays fit in nicely. The market value of lunches is $5, with an aggreate value for the year of less than $50.
What is your ethical course of action?
In government, accepting even modest lunches on a recurring basis is improper. It could cause citizens to believe you are improperly influenced by the manufacturers' representatives. In exercising judgement, consider appearance and implications.
What would you do?
You are employed by the Consumer Products Safety Commission.
You want to buy a microwave.
One manuafacture offers a $50 discount to all members of employee associations.
What is your ethical course of action?
You can accept the discount, even if agency is conducting studies on safety of microwave ovens. The discount is a standard offer that is broadly available through several commercial entities to large segments of the pubic.
What would you do?
You work for athe Department of Justice Anti-trust Division.
Three law firm partners, with whom you have developed amicable relationships, invite you to a private golf tournament.
The firm is paying the $500 per foursome entry fee
What is your ethical course of action?
It would depend on the nature of the business being done by the law firm. If the firm represents clients that are subject to or being subjected to a Justice anti-trust action, you should decline because playing with them, even if you paid a fourth of the fee ($125), could be perceived as creating a conflict of interest that would impair your objectivity. In general, government employees are not precluded from accepting personal favors from friends.
What would you do?
A friend of yours owns recreational property adjacent to land considered for annexation by the government for which you work.
It is uncertain as to whether the annexation will increase or decrease the value of your friend's property.
You are the boss of the department that provides facts and analysis relative to your government's annexation.
All annexations are debated in numerous public forums, and by the elected officials of your government.
Can you participate in any way in the government's deliberations or decision regarding the annexation?
What is your ethical course of action?
This is an everyday ethical dilemna. Annexation is your job. Choosing not to participate means not doing your job. But, participating may subject you to claims of favorism. Ultimately, the decision will be a political one made by elected officials.
What would you do?
You are employed by an agency installing a new information system.
Your responsibilities require skills that you do not have.
What are ways for you to acquire the needed skills and competency?
Ways you can acquire the compentency:
Training by the group or company installing the system.

Self study and group instruction provided by agency or obtained on your own.
Seek help from co-workers or colleagues outside your agency.