ACCT 280 Financial Accounting
Graded Discussion 3
Ethics in Business: Is The Financial Reporting Process Broken?
Over the last several weeks weve looked at the basics of how economic events are captured, interpreted,
recorded and then presented in the fin
Issue One: How to ensure that the financial statements of companies traded publicly on U.S. exchanges are reliable
without placing the companies themselves at a competitive disadvantage.
Question One: Is Corporate America in need of tighter regulation to
Accounting 280: Discussion III
Instructor: Mr. Macias
March 2, 2013
Discussion III- Ethics in Business: Is the Financial Accounting Process Broken?
Issue One: How to ensure that the financial statements of companies traded publicly on U.S.
There was an economic problem confronting WorldCom with the oversupply of the
Nations telecommunications and the projected Internet growth. Were the dot-com boom ended
and the nation entering a recession, expectations and revenue was not meeti