Globalization and Its Ethical Implications [WLOs: 1, 2, 3, 5] [CLOs: 1, 2, 3, 5]Prepare: In preparing for this discussion, review the Week 1 and Week 2 required resources that focus on globalization, ethics, and moral reasoning. This will help assist you in examining your own development of ethical and moral responsibilities as they relate to your Final Paper and its topic. Reflect: The change of our world from a local economy to a national economy to a global, international economy means that increasingly diverse populations will have to work together to achieve common goals. However, as the economy becomes increasingly global, local economies and people may suffer economic disadvantage or may find themselves marginalized from the rest of the world. Globalization creates ethical dilemmas for which we will need to find solutions. Write: For this discussion, address the following prompts:Explain the implications of globalization.Identify at least two ethical issues that go along with the global societal topic you have chosen for your final essay.Explain how globalization contributes to or affects these ethical dilemmas.Propose solutions to these ethical dilemmas that are feasible financially, socially, and culturally.Your initial post should be at least 250 words in length, which should include a thorough response to each prompt. You are required to provide in-text citations of applicable required reading materials and/or any other outside sources you use to support your claims. Provide full reference entries of all sources cited at the end of your response. Please use correct APA format when writing in-text citations (see In-Text Citation Helper (Links to an external site.)Links to an external site.) and references (see Formatting Your References List (Links to an external site.)Links to an external site.).

Provide a narrated power point or a Kaltura video with answers to these questions:Research recent developments involving this case. Summarize these developments in a bullet format. There are two news summaries in order to get you startedSuppose that a large investment firm had approximately 10 percent of its total assets invested in funds managed by Madoff Securities. What audit procedures should the investment firm's independent auditors have applied to those assets?Professional auditing standards discuss the three key "conditions" that are typically present when a financial fraud occurs and identify a lengthy list of "fraud risk factors." Briefly explain the difference between a fraud "condition" and a "fraud risk factor" and provide examples of each. What fraud conditions and fraud risk factors were apparently present in the Madoff case?In addition to the reforms mentioned in this case, recommend other financial reporting and auditing-related reforms that would likely be effective in preventing or detecting frauds similar to that perpetrated by Madoff.DONT FORGET HOW TO PUT THE REFS AT THE END OF END INDIVIDUAL QUESTION