Most of the organizations have been in the news over the past few years due to accounting ethical breaches which have influenced their customers, employees or the general public. Search the Internet or the Strayer Library to locate a story in the news which depicts an accounting ethical breach. You might select from any type of organization about which you have information or a curiosity.
Write down a four to five page paper in which you: Given the corporate ethical breaches in the recent times, assess whether or not you believe that the present business and regulatory environment is more conducive to ethical behavior. Give support for your answer. Based on your research, explain the organization, the accounting ethical breach and the impact to the organization associated to ethical breach. Find out how the organizational ethical issue was detected and how management failed to make an ethical environment. Analyze the accounts impacted and/or accounting guidelines violated and the resulting impact to the business operation. As a CFO, recommend which measures could have been taken to prevent this ethical breach and how each measure must be implemented in the future.
Use at least four quality academic resources in this assignment.
Note: Wikipedia and other Websites do not quality as academic resources. Your assignment should follow such formatting requirements: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. The specific course learning outcomes associated with this assignment are: Examine accounting principles and concepts used in businesses. Prepare and record financial transactions in the accounting cycle according to GAAP and IFRS accounting methodology. Use technology and information resources to research issues in financial accounting. Write clearly and concisely about financial accounting using proper writing mechanics.