Discuss moral hazard as it relates to financial reporting

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Reference no: EM131680725

1. Discuss moral hazard as it relates to financial reporting.

2. Discuss the clause in the CFA Code of Ethics which expects members (and candidates) to place the interests of the institute and clients above the personal interest of the members.

3. Why is it important to understand that financial statements result from transactions and transactions result from decisions made by management of the company?

Reference no: EM131680725

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