Assignments: Week of August 26

8/26 Introduction

8/27 THE STANDARD SETTING PROCESS; A MODEL FOR ETHICAL DECISION-MAKING

If it's illegal, don't do it! But issues can be subtler than that.
Read Chapter 1: 1-8, 18-21; Read "Ethics and Expense Recognition" p. 10 of the course packet. We will discuss this in class today.

What's the role of the audit committee?

What went wrong? An account of some recent accounting frauds

And then there's Enron

8/29 A Review of the Accounting Cycle

Read Chapter 1

How does the concept of materiality affect earnings management?

Related Web sites:

The Financial Accounting Standards Board

The Securities and Exchange Commission

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