Management teams ethical underpinnings-decision making

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The generally accepted accounting principles or GAAP provide the foundation for the financial reporting system. Unfortunately, the subjective nature of the guidelines allows for an appearance of transparency , when, in fact, the true value of many companies are opaque. Discuss the implication of the management team's ethical underpinnings and the decision making process. Should managers be held responsible when a public ally traded company actually causes harm whe they could have prevented the damage caused?

Reference no: EM13899674

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