Case - The Ethical Climate in Business
Working in a group, use the Internet to identify a company that has been the subject of significant public discussion due to one or more ethical lapses in the last decade.
Required: As a group, research what happened and then make a presentation to the class which addresses the following points:
(1) Describe the company's situation prior to the ethical problem.
(2) Explain what happened with questionable ethics.
(3) Was there any alleged illegal activity?
(4) Do you see any implications in the case for the company's managerial accountants? Explain.
(5) Were any of the ethical standards in the "IMA Statement of Ethical Professional Practice" violated? Explain.