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Assignment 1-Ethics Research Paper This assignment relates to the following Course Learning Requirements: CLR 3: Discuss what it means to conduct business ethically and responsibly. Identify programs to aid a small Canadian business achieve its responsibilities to the various stakeholders. CLR 2: Explain how events external to a business can influence business decisions, and how environmental changes affect consumers. Identify challenges and opportunities that environmental changes provide for Canadian businesses

Objective of this Assignment: The assignment tests your ability to apply ethics and social responsibility of the business. Pre-Assignment Instructions: 1. Read the content of Module 1 to 5 to prepare for this Assignment. Assignment Tasks: Use the following website to select a business scandal that has occurred since 2000. https://en.wikipedia.org/wiki/Accounting_scandals Paper Requirement: Paragraph 1: Background Write a very brief history of the company - no more than 200 words in length (marks will be deducted if longer). Paragraph 2: The Scandal/wrongdoing In your words describe in this paragraph no more than 600 words what was the scandal, any accounting falsification, and the specifics of the scandal. You are required to use the accounting and business terminology covered in this course when describing the scandal.

Paragraph 3: The Auditors (No more than 300 words) Identify who the companys external public auditors were. Explain why the auditors did not find the falsifications and properly notify the public accordingly Paragraph 4: Legal Actions Taken (No more than 400 words) Describe what if any legal actions were taken against management and/or the public auditors ensure to include all fines and jail time. If no legal action taken, then to earn marks here discuss in your opinion if justice was served or not. Paragraph 5. Sarbanes-Oxley Act, 2002 (no more than 700 words) Research both your textbook and the web to learn what the Sarbanes-Oxley Act (SOX) is and provide details of some of the critical areas contained in that Act. Specifically, answer the following: 1. What is the main purpose of having such an Act? 2. Cite and explain four different sections of the act that would specifically prevent a future scandal such as the one you are addressing from ever happening again. 3. Do Canadian Public companies have to follow SOX? Why or why not?