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Ethical Challenges and Agency Issues
Adverse financial situations occurring throughout the 20th
century led to government legislative interventions regarding
corporate financial accounting on several occasions.
Resource: Cost Management
Read the following case studies from the
o    “Timely Reporting of Budget Problems Case
Study” on pp. 388 & 389 (Ch. 10).
o    “Level of Executive Pay Case Study” on pp.
605-607 (Ch. 15).
Write a 700- to 1,400-word paper, 350 to 700
words for each team member, analyzing the ethical challenges as
well as any agency issues. In the same paper, explain how the 1933,
1934, and SOX Acts were reactions to financial crises arising from
similar challenges.


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