Louisiana State University Ethics Discussion
Question Description
As senior or graduate students, you are ready to step out into the professional world with full-time jobs and responsibilities, which will require “the ability to recognize ethical and professional responsibilities in engineering situations and make informed judgments, which must consider the impact of engineering solutions in global, economic, environmental, and societal contexts” (ABET/SACS).
Tasks:
1.Read and review the attached paper carefully.
2.Discuss with peers
3.Answer the questions below
Answer the following questions:
1.What is the US Securities Exchange Commission (SEC) and what is its role?
2.How can overstatements or overbooking of reserves occur? What are the causes of overstatements?
3.Describe the general enforcement process, including steps that the SEC follows for investigations.
4.What are the potential triggers that can initiate reserve inquiries?
5.What are the two main kinds of write downs? Define them.
6.What are some impacts of reserves write-downs or overstatements?
7.Present an analysis of any one of the case studies provided. Do not exceed 500 words. Note that we are not judge nor jury. The exercise is to raise awareness.
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