ACC-557 Assignment 1 -Review of Accounting Ethics Paper

May 26th, 2016
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Many organizations have been in the news over the past few years due to accounting ethical breaches that have affected their customers, employees, or the general public. Search the Internet or the Strayer Library to locate a story in the news that depicts an accounting ethical breach. You may select from any type of organization about which you have information or a curiosity. Write a four to five (4-5) page paper in which you: 1.Given the corporate ethical breaches in recent times, assess whether or not you believe that the current business and regulatory environment is more conducive to ethical behavior. Provide support for your answer. 2.Based on your research, describe the organization, the accounting ethical breach and the impact to the organization related to ethical breach. 3.Determine how the organizational ethical issue was detected and how management failed to create an ethical environment. 4.Analyze the accounts impacted and / or accounting guidelines violated and the res

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Accounting Ethical BreachTitle:Course Name:Professors Name:Student Name:Date:Accounting Ethical BreachIntroductionThe managers of corporate organization are expected to maximize return of investor whileavoiding principal-agent conflicts of interest, complying with regulatory standards, andenhancing the reputational capital of their organization (Marcinko, D. J & Caplan, D. H (2012).The recent resignations and arrests of top U.S. managers, however, point out an increasing levelof corporate irresponsibility and managerial negligence on Wall Street and on Main Street thathas eroded global and domestic trust in U.S. markets. In the Enron scandal, corporateirresponsibility has provoked unprecedented outrage and multiple lawsuits from a range ofstakeholders with demands for democratizing improving managerial accountability, structures ofcorporate power, and legislating regulatory reform (Marcinko, D. J & Caplan, D. H (2012).Given the corporate ethical breaches in recent times, assess whether or not you believe that thecurrent business and regulatory environment is more conducive to ethical behavior:In the past few years, WorldCom, Enron, Tyco, and others companies have committed toeconomic scandals, which initiate the stock market to catch hard hit. In the past, Lenders andInvestors learned from these scandals, and in recent times, they know for a fact, the company isunethical or corrupted and they have become hesitant to invest in any company that th

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