The Ethics Hour: Accounting Scandals: What Happened and Why? Can We Prevent Them?, featuring Tracy Cooper and Don Minges

Overview

The staggering volume of accounting scandals is a scandal. What has happened and what were the root causes? Why do many financial professionals choose to do the wrong thing? What has been the cumulative impact on the profession? What can we do to enhance our professional reputation? We will discuss the many "fixes" imposed to address previous accounting scandals, including COSO; were they effective? We must understand that accounting fraud is prevalent and what should we look out for? Be aware. We do not want history to repeat itself.

Prerequisites

A dedicated interest in enhancing the ethical reputation of our profession and at least six (6) months of professional financial statement analysis experience

Objectives

• To grasp the breadth of accounting scandals, the root causes and what steps we can
  

  take to address them</li>
  

Highlights

• Why do some choose to deceive, cheat and steal
• Can accounting scandals be prevented
• A brief history of accounting scandals
• What to look for
• What should ethical professionals like you do