Litigation, Censures, And Fines.

Research  the Internet or Strayer Library 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. To  complete Assignment 2, find examples of litigation, censures and fines  from within the past two (2) years.

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. Make sure that the examples you provide are from  within the last two (2) years. 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 that 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 the type of behavior in question in the future. Provide support  for your rationale.
  6. Use at least two (2) quality academic resources in this assignment. Note: Wikipedia and similar websites do not qualify as academic resources. You have access to Strayer University’s Online Library at or iCampus University Library Research page at

Your assignment must follow these formatting requirements:

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  • This course requires use of new Strayer Writing Standards (SWS).  The format is different than other Strayer University courses. Please  take a moment to review the SWS documentation for details.
  • Be  typed, double spaced, using Times New Roman font (size 12), with  one-inch margins on all sides; citations and references must follow SWS  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:

  • Determine the appropriateness of decision making in terms of professional standards and ethics.
  • Apply advanced federal taxation concepts to business situations.

Litigation, Censures, And Fines

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