Briefly describe what the company did wrong

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Generally accepted accounting principles (GAAP) are guidelines for companies to follow as they prepare and issue financial statements. These days, you do not have to look very far to find an example of a company that has acted unethically in regards to their financial statements and violated GAAP. Please find a real-world example of a company that has been in the news, and briefly describe what the company did wrong. Some ideas for companies include, but are not limited to, Enron, WorldCom, Andersen, Dell, and Xerox.

Reference no: EM13129379

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