Role of Ethics in Accounting

PowerPoint presentation: Scenario The accounting manager is concerned that the new hires may not understand how important it is to always remain ethical, especially in accounting. With the end-of-year audit quickly approaching, the manger wants to instill the importance of an ethical work environment. For this assignment, choose a company that has had ethical issues based on an accounting issue, such as internal control issues, fraudulent activity, theft, and so forth. Create a PowerPoint presentation that you could share with new hires. For this assignment, you will complete the following: •Research and analyze a company that has had publicly known ethical issues either with internal controls, fraudulent activity, or theft. •Analyze what went wrong that caused the ethical situation and what could have been done differently to prevent the problems. •Make 4 recommendations or suggestions on how the company could have improved its policies and procedures to stop the unethical situation from recurring. Part2: Words document: Primary Task Response: Your first task is to post your own Key Assignment Outline to the discussion area so that other students are able to review your plan. Attach your document to the main discussion post, and include any notes you feel are appropriate. The purpose of this assignment is to help improve the quality of the Key Assignment. Assignment Objectives Describe and analyze the effects of business transactions (both in terms of increases and decreases, and debits and credits) on the basic accounting elements: assets, liabilities, owners’ equity, revenues, and expenses. (CPA 1, 3B; ACBSP 3, 10)

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