Locate an article on an accounting scandal from the past 20 years. Summarize the article for the class and either add the article to your post or include a link to the article. What did you find most interesting or surprising about the scandal?

ACCOUNTING SCANDALS AND SOX (GRADED)

Please note that a total of THREE quality responses are required each week.

1. Read the article “Ethics Evolution in the Era of Sarbanes-Oxley.” This article is part of the readings for the week and can be found through the DeVry online library. The last sentence of the article says “Maintaining a culture that emphasizes ethics and compliance is challenging.” Do you agree or disagree with this statement?

2. Locate an article on an accounting scandal from the past 20 years. Summarize the article for the class and either add the article to your post or include a link to the article. What did you find most interesting or surprising about the scandal?

3. Choose one of the 11 titles in the Sarbanes-Oxley Act of 2002 and describe it. Do you believe this section is an effective deterrent to an accounting scandal? Why or why not?

ACCT525 Current Issues in Accounting

Week 2 Discussion

THE HISTORY AND FUTURE OF IFRS (GRADED)

Please note that a total of THREE quality responses are required each week.

1. Describe one of the major milestones in the history of IFRS. Why do you think this milestone was so important?

2. What do you think is the future of IFRS? Will the U.S. adopt IFRS? If so, when?

ACCT525 Current Issues in Accounting

Week 3 Discussion

CODIFICATION AND IFRS (GRADED)

Please note that a total of THREE quality responses are required each week.

1. Do you feel that the codification is really necessary, especially given that entire generations of accountants already understood where to find information? Do you think it’s worth the cost?

2. How are IFRS and the codification related? Do you feel that IFRS adoption could happen without codification?

ACCT525 Current Issues in Accounting

Week 4 Discussion

ETHICS AND ETHICAL CONSEQUENCES (GRADED)

Please note that a total of THREE quality responses are required each week.

Read the article “Ethics In Accounting: The Consequences Of The Enron Scandal.” This article is part of the readings for the week and can be found through the DeVry online library. Let’s point fingers for a minute. Who is to blame for Enron? The executives? The Board of Directors? The auditors? Tell us what you think!

The first sentence of the article says “Ethics in Accounting is one of the most important, yet most misunderstood, concerns in the world of business today.” Do you agree or disagree with this statement?

ACCT525 Current Issues in Accounting

Week 5 Discussion

XBRL AND EDGAR (GRADED)

Please note that a total of THREE quality responses are required each week.

Describe one of the benefits of XBRL. Can you also name a disadvantage to the use of XBRL?

Go to the XBRL data for your favorite public company using the instructions in the lecture. Tell us the name of the company and what is on their “Document and Entity Information” page? Choose a different company than your classmates!

ACCT525 Current Issues in Accounting

Week 6 Discussion

CURRENT ISSUES IN TAX AND AUDITING (GRADED)

Please note that a total of THREE quality responses are required each week.

Go to http://www.irs.gov/taxpros/index.html?navmenu=menu1 (Links to an external site.)Links to an external site.. Read the current information that the IRS is publishing for tax professionals and tell us about it. How does this impact the future of tax?

Go to http://pcaobus.org/Standards/Auditing/Pages/default.aspx (Links to an external site.)Links to an external site.. Read one of the auditing standards and summarize it for us. What did you find interesting or surprising about it?

ACCT525 Current Issues in Accounting

Week 7 Discussion

THE FUTURE OF THE ACCOUNTING PROFESSION (GRADED)

Please note that a total of THREE quality responses are required each week.

What social, economic, and technology shifts do you think will shape the accounting profession over the next decade? How will they shape the profession? Good or bad?

What new skills will the future accountant need to learn? Which skills might become obsolete? How will accounting jobs change in the future?