Chapter 15 Writing Assignment, 25 points
In section 4 of this chapter, we looked at “Why Accounting Information is so Important”. One
of the topics in that section was “Accounting Fraud”.
Famous Accounting Scandals and the Ethical Implications Involved
Our book cites the three most famous accounting scandals:
fraud: Enron, Lehman Brothers, and Madoff Investment Securities. Other well-known scandals
include Fannie Mae & Freddie Mac, and AIG, to name just a few. DO NOT USE ANY ONE OF
THE ABOVE-MENTIONED SCANDALS. RESEARCH A NEW OR MORE RECENT ONE.
Using an internet search engine such as Google or Yahoo, find information on a recent
accounting scandal.
Write a 1-2-page paper. The title of your paper should include the name of the company you are
reporting on. Include links to your research. This will be a 2 part paper with the final paragraph
your opinion.
Use the following 2 sub headings:
Part 1, History of Firm’s Scandal
When, where
Summarize what this firm does, and how/why they got into trouble.
what type of questionable accounting practice occurred in this firm
what were the consequences for this firm and the executives involved in the scandal
how were the public/investors/economy affected by this firms dishonesty
Document cited works and all references, links are acceptable.
Part 2, Ethical Conflicts in Business Situations
Evaluate the ethical implications of the business scandal you reported on.
According to your research who were the people hurt by this scandal?
If you were in a similar situation as an employee, how would you hope to handle
questionable accounting practices at your company?
This section should include YOUR OPINION on an ethical conflict in a business
