Litigation, Censures, and Fines

Litigation, Censures, and Fines Preparation Research the Internet for examples from the past two years of litigation, censures, and fines involving national public accounting firms, such as fines by regulatory authorities and censures by professional societies. Instructions Write a 3–4 page paper in which you: Analyze the primary accounting issues that form the crux of the litigation or fine for the firm and indicate the impact of the litigation or fine on the firm.  Provide support for your rationale. Examine the key inferences of corporate ethics related to internal controls and accounting principles that led to the litigation or fine for the accounting firm. Evaluate the primary ethical standards of the accounting organization’s leadership and values that enabled approval of the accounting issues leading to the litigation or fines in question. Identify specific conduct violations committed by the organization and accounting firm in question. Next, create an argument based on the current professional code of conduct for independent auditors and management accountants that supports the actions against the organization and accounting firm. Make a recommendation as to how regulators and professional societies may deter firms and organizations from making similar violations. Provide support for your rationale. Use appropriate sources to find at least two quality academic resources to reference for this assignment. Note: Wikipedia and similar websites do not qualify as academic resources. The specific course learning outcome associated with this assignment is: Evaluate accounting issues, ethical standards, and conduct violations related to litigation or fines for an accounting firm.