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1. Companies can manipulate earnings for a variety of reasons. What is earnings management? Is earnings management just good business practice? When can an act

1. Companies can manipulate earnings for a variety of reasons. What is earnings management? Is earnings management just good business practice? When can an act be legal but unethical? (Please provide references).

2. Several business scandals in recent years have involved manipulation of financial results.Identify at least two recent (occurring after 2012) scandals other than Enron and Worldcom. Include the year the scandal occurred. What was the issue in each? (Please provide references).

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