Litigation, Censures, and Fines

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:

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.