ACC 557 Week 1 Discussion 1 “Improper or Illegal Methods”

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Search: Use the Internet to research companies who have been publicly exposed due to an illegality or impropriety in accounting methods. Be prepared to discuss. Please respond to the following: From the e-Activity, identify the company, the accounting impropriety or illegality, how it was detected, the outcome, and propose a strategy that might have prevented the situation. Indicate how the strategy should be implemented. Assess the impact to the company’s financial performance based on the impropriety and the resulting effect to stakeholder confidence in management, recommending how the company can minimize the resulting impact to the business