Unit 2 Discussion - Acct 1

Unit 2 Discussion Questions AC114 Accounting 1

Unit 2 Discussion

Discussion Topic

Throughout this course, many discussion opportunities come up where you need to respond to other people's opinions and comments. Address the Discussion topic after you have completed your reading.

Topic 1: Ethics and Financial Statements

The accounting profession has been impacted by several corporate scandals in recent years. Discuss the importance of the role of Ethics in accounting by examining firms such as Enron®, World Com® and JP Morgan®. Use library data to research information about each scandal, provide a brief summary of the scandal, the name of the auditing firm of the organization whose scandal you have chosen (there are other scandals that you can examine), and its impact on accounting ethics.