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 a three to four (3-4) page paper in which you: 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.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.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.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.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.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.