Assignment 2: Litigation, Censures, and Fines

Assignment 2: Litigation, Censures, and Fines
Due Week 7 and worth 280 points
Research the Internet for recent litigation, censures, and fines
involving national public accounting firms. Examples of litigation cases
against national public accounting firms include fines by regulatory
authorities and censures by professional societies.
Write 4 page paper in which you:
1. Analyze the primary accounting issues which form the crux of the
litigation or fine for the firm, and indicate the impact to the firm as a
result of litigation or fine. Provide support for your rationale.
2. Examine the key inferences of corporate ethics related to internal
controls and accounting principles which lead to the litigation or fine for the
accounting firm.
3. Evaluate the primary ethical standards of the accounting
organization’s leadership and values which contributed to approval of the
accounting issues and thus created the litigation or fines in question.
4 .Identify specific conduct violations committed by the organization
and accounting firm in question. Next, create an argument supporting the
actions against the organization and accounting firm, based on the current
professional code of conduct for independent auditors and management
accountants.
5 .Make a recommendation as to how regulators and professional societies
may prevent this type of behavior in question for the future. Provide support
for your rationale.
6 .Use two (2) quality academic resources in this assignment. Note:
Wikipedia and other Websites do not qualify as academic resources.

Your assignment must follow these formatting requirements:

•Be typed, double spaced, using Times New Roman font (size 12), with
one-inch margins on all sides; citations and references must follow APA or
school-specific format. Check with your professor for any additional
instructions.
•Include a cover page containing the title of the assignment, the
student’s name, the professor’s name, the course title, and the date. The cover
page and the reference page are not included in the required assignment page
length.

The specific course learning outcomes associated with this assignment
are:

•Analyze business situations to determine the appropriateness of
decision making in terms of professional standards and ethics.
•Use technology and information resources to research issues in
accounting.
•Write clearly and concisely about accounting using proper writing
mechanics.

Grading for this assignment will be based on answer quality, logic /
organization of the paper, and language and writing skills, using the following
rubric.

Click here
to view the grading rubric.