Do believe that principles-based accounting standards

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Problem a. After reading the Enron chapter and the article below Andrew Fastow, former Enron CFO, talks ethics with students, discuss what do you think Fastow's has learned about maintaining ethical business practices.

Problem b. Do you believe that principles-based Accounting standards would be more effective than rules-based accounting standards for financial reporting? Give reasons for your response.

Reference no: EM132773227

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