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The reading material mentioned that rules are in place because of the 2000 scandals. Accountants, in the public eye, are required to control these mishaps and follow the code of conduct when there are traces of falsifications. The article explains how professors should teach its students how to identify, resolve, and elucidate ethical issues...
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In addition, students should know how ethics provides an opportunity to evaluate the effect of their actions and how good and bad decision-making can affect them in the business world and society.
Bank of America is a company that relies on ethics when lending money. Many underwriters require financial statements, brokerage statements, K-1's, and income statements when making a credit decision...
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