Evaluate the primary ethical standards of the accounting

Reference no: EM132608569 , Length: 4

Research the Internet or Strayer Library for recent litigation, censures, and fines involving national public accounting firms. Examples of litigation cases against national public accounting firms include fines by regulatory authorities and censures by professional societies. To complete Assignment 2, find examples of litigation, censures and fines from within the past two (2) years.

Write a three to four (3-4) page paper in which you:

Question 1: Analyze the primary accounting issues which form the crux of the litigation or fine for the firm and indicate the impact to the firm as a result of litigation or fine. Make sure that the examples you provide are from within the last two (2) years. Provide support for your rationale.

Question 2: Examine the key inferences of corporate ethics related to internal controls and accounting principles which lead to the litigation or fine for the accounting firm.

Question 3: Evaluate the primary ethical standards of the accounting organization's leadership and values that contributed to approval of the accounting issues and thus created the litigation or fines in question.

Question 4: Identify specific conduct violations committed by the organization and accounting firm in question. Next, create an argument supporting the actions against the organization and accounting firm, based on the current professional code of conduct for independent auditors and management accountants.

Question 5: Make a recommendation as to how regulators and professional societies may prevent the type of behavior in question in the future. Provide support for your rationale.

Use at least two (2) quality academic resources in this assignment.

Reference no: EM132608569

Questions Cloud

Explain the term analytical characterization : Explain the term "Analytical Characterization" and how it used on Data Mining?

How can SMED be applied to the activities : What you know about these operations from your own driving, how can SMED be applied to these activities? What other JIT principles can be applied?

Determine the profit or loss earned by the business : Determine the profit/loss earned by the business in each of the following two years: 1) year ended 30 June 2019 2) year ended 30 June 2018

Intellectual property laws and security measures : Intellectual property law is issue facing organizations and many organizations have been fined significant amounts for violations of intellectual property law.

Evaluate the primary ethical standards of the accounting : Evaluate the primary ethical standards of the accounting organization's leadership and values that contributed to approval of the accounting issues

Create a scatter diagram : Create a scatter diagram of Y = ‘Annual % ROI' against X = ‘Cost'. Include the trendline and the coefficient of determination right on the graph.

How much withholding tax will USP be subject : How much withholding tax will USP be subject to assuming they are eligible for treaty benefits and the US model treaty is the applicable treaty

Compute the corporation most significant competitor : Compute the corporation's most significant competitor. Compare their strategies at each level and evaluate which company you think is most likely to be success

Applying the customer based brand equity model : Applying the Customer Based Brand Equity model, critically analyse how your client could build and manage a strong brand in this new market

User Account

All Pages