MGT 3607 GIT Wirecard Explained The Biggest European Accounting Fraud Discussion

For this session, prior to class, I’d like each of you to find one interesting article on-line about a legal and/or ethical issue regarding financial services and/or accounting practices. Some possible topics to explore are the financial scandals at companies like WorldCom and Enron, as well as legal responses to finance scandals, such as Sarbanes-Oxley. Another example is subprime mortgage practices, and whether/how they might have contributed to the 2008 recession. For those interested in exploring legal/ethical duties of financial services professionals, you might want to find readings on the Financial Industry Regulatory Authority (FINRA) Rule 2090 (“Know Your Customer”) and Rule 2111 (“Suitability”), regarding professionals’ investment recommendations. If you’re interested in commercial banking, you might explore the ethical challenges Wells Fargo faced a few years ago around cross selling practices. One interesting ethical topic is the practice of “earnings management.” There are many more issues you can choose from in your online search.

In the Canvas Discussion Room during class today, you should (1) do a detailed, carefully drafted initial post in which you describe the article, and discuss the environmental issues you found interesting in that article, and your views on them