Read “Resolving Ethical Business Challenges” in Chapter 7 of your text, and then address the following points. Support your response with evidence from the text.
Identify the ethical and legal issues of which Gerard needs to be aware.
Discuss the advantages and disadvantages of each decision Gerard has made and could make.
Discuss the issues of accounting firms going into the financial services market.
Discuss the types of groups that are influencing Gerard.
Federal Compliance Law
Listen to a podcast of Linda Thomsen, former director of enforcement at the Securities and Exchange: “How Sarbanes-Oxley Has Affected Corporate Culture”.
Discuss how the Sarbanes-Oxley Act has changed corporate culture. A transcript of the podcast is also available through the URL. Expand on how the Sarbanes-Oxley Act impacts organizational culture and why federal oversight like this is needed. Additionally, Linda Thomsen mentions in the podcast that she expects further misconduct to occur. Why do you think this type of misconduct continues despite these regulatory laws?