Assignment: Management Fraud
Managers have access to inside information and they could sometimes strategically report information in their best interests. In your view, are managers responsible for ensuring fair and accurate financial reporting? If a manager of a publicly traded company recognizes revenues in an inappropriate or fraudulent manner, what penalties they face by the monitoring and enforcement mechanisms in place to restrict such activity? Support your answer using two examples of real life cases that happened here in the US or abroad. How do U.S. rules and regulations on corporate accounting fraud compare to that of other industrialized nations?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.