73. Accounting has a long history of being an ethical profession. In recent years, however, some companies have asked their accountants to help “manage earnings.”

a. What does it mean to “manage earnings”?

b. List several companies that have been accused of “managing earnings.”

c. Who is more likely to be involved in such a situation: the financial accountant or the management accountant? Why?

d. Do you believe that “managing earnings” is ethical? Discuss the rationale for your answer.