Read the ethics case, Bernie Madoff Scandal–The King ofPonzi Schemes, on pp. 127-136 in your textbook. Then read the Forbesarticle, Why the SEC Missed Madoff, located at:
Finally, read the SEC article, The Securities and Exchange Commission Post-Madoff Reforms, located at:
Write a 3-5 page paper summarizing the case and its implications oncorporate and accounting governance. Make sure you thoroughly summarizethe case, highlight key players and their role in the fraud, and discussthe impact on accounting governance, including references to reformsundertaken by the SEC and the efficacy of self-regulation in the form ofFINRA.
Brooks, L. J., & Dunn, P. (2018). Business and professional ethics for directors, executives & accountants (8th ed.). Cengage Learning.