Posted: December 23rd, 2014

iSSUES IN ACCOUNTING AND FINANCE

iSSUES IN ACCOUNTING AND FINANCE
Instructions:

At this moment, America’s highest economic need is higher ethical standards– standards enforced by strict laws ‘
George Bush July 2002

‘Integrity has no need of rules’
Albert Camus

‘There is one and only one responsibility of business- to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game’
Milton Friedman

Required:

Discuss the view that increased regulation will not necessarily lead to higher ethical standards. You may relate your essay to any area of accountancy or finance with which you are familiar, but you are advised to keep your answer specific and illustrate it with relevant factual information.

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