Select an actual case of accounting-related corporate scandal or failure involving either one of the following organisation: a company, a government organisation or a non-profit organisation.
(a) Outline the facts of case, clearly describing
(i) an overview of the case;
(ii) unethical business practices or financial irregularities; and
(iii) motivation and circumstances leading to such unethical conduct
(b) Employ the stakeholder analysis to analyse the case. Discuss the impact on the respective stakeholders’ interests and strategies to address their demands.
(c) Discuss the need for corporate ethical guidelines. Explain how corporate governance and ethics play a crucial role in preventing a recurrence of such ethics violation.