NEED LIKE 300-500 WORDS PLEASE ASAP

Instructions for Completing Posts on the Discussion Board for Smartest Guys in the Room Watch the video or read the book. What did you learn and how does it relate to the materials covered to date in this course? Think about the roles that the accountants/auditors played as well as the role accounting rules like "mark-to-market" played. Sir David Tweedie, the first chairman of the IASB, has used the phrases "should we" versus "can we" to distinguish "rules based" versus "principles based" accounting. Consider how these terms relate to this situation. The discussion on the video/book will be available Monday through Saturday of the assigned week. This is intended to be a class discussion. You will be expected to write two posts during the course week. Your posts cannot appear consecutively. Be mindful of cultural differences. You will be dealing with these as a professional and this is an opportunity to practice your skills. Judgmental comments of others posts are inappropriate. You are sharing insights you learned from the video and each of you will walk away with your own opinion as to how you would handle the situation. Remember "the fact that you have an opinion, does not make your opinion a fact"...quote from Dr. Sorensen Any opinions you share will not be judged as right or wrong as part of the grading process. Again, a dilemma, by definition has negative consequences to all choices. Your participation in the discussions must include the following: 1. Nonconsecutive posts. 2. Insightful and respectful comments and opinions. 3. Comments must be part of the discussion thread and relate to the following: a. facts in the ethical dilemma, b. textbook insights, C. video lectures, d. KPMG framework, e. previous comments, or f. additional factual material you properly source and cite. You will lose a portion of your 20 points per case if you do not follow instructions