Ethical standards, Recent changes to financial and reporting laws

Corporate ethics and fraud have received much media attention through reporting of scandals at major corporations. Salem wants to make sure that its financial reporting and tax reporting responsibility is of the highest ethical standards. So that you understand the types of ethical misconducts that corporations are subject to and the penalties that can be given when uncovered, use the Internet to research and find the following: • Ethical standards for corporations • Recent changes to financial and reporting laws • Cases where corporations have committed unethical business practices and the resulting consequences The final write-up should be approximately 750-1000 words. Make sure to mention the SOX act and perhaps the IMA ethical code of standards.

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