Chapter 1 and its appendix discuss the importance of managerial accounting and corporate governance. Ethics are an integral part of both processes.
Research briefly an accounting scandal (make sure another student has not already covered it) and reply in the “followup discussions” section below (“Start a new followup discussion”) with the following items:
- Company name
- Time period of fraud
- How the fraud was committed
- How the fraud was discovered
- What were the results for the company and individuals involved (punishments, bankruptcy, etc.)
- What could have been done to prevent the fraud
Be sure to cite any sources you used. Your response should be 1-2 paragraphs.