FI-009 Need for Financial Information

  • Due Sep 8, 2021 at 11:59pm
  • Points 0
  • Questions 8
  • Available Sep 8, 2021 at 10am - Sep 24, 2021 at 11:59pm
  • Time Limit None
  • Allowed Attempts Unlimited

Instructions

Reliability, accuracy, and honesty are important characteristics of useful financial information. It is the responsibility of managers and accountants to ensure that accounting information is truthful and correct. Below is a list of famous accounting “scandals” that made headlines because companies chose to be dishonest. Choose two of them and answer the questions.

Enron (2001)
Worldcom (2002)
Tyco (2002)
Waste Management (1998)
HealthSouth (2003)
Freddie Mac (2003)
American Insurance Group (2005)