ACC 499 WEEK 7 ASSIGNMENT 2 LITIGATION , CENSURES , AND FINES ( 2 Papers )
ACC 499 WEEK 7 ASSIGNMENT 2 LITIGATION , CENSURES , AND FINES ( 2 Papers )
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ACC 499 WEEK 7 ASSIGNMENT 2 LITIGATION , CENSURES , AND FINES Assignment 2 : Litigation , Censures , and Fines Research the Internet 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 . Write a three to four ( 3-4 ) page paper in which you : 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 . Provide support for your rationale . 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 . Evaluate the primary ethical standards of the accounting organization ’ s leadership and values which contributed to approval of the accounting issues and thus created the litigation or fines in question . 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 .