ABC Learning was Australia's -and one of the world's largest - providers of early childhood education services until it collapsed spectacularly in late 2000s, when it came to light that its reported financial success was built on a number of questionable accounting practices. Required: Search the internet using the term ABC Learning Collapse

1. Describe the background of the company and its collapse 2. Explain the unethical actions of ABC Learning's accountants. 3. Explain which of the principles set out in the Australian Accounting Professional Ethical Standards Board's Code of Ethics for Professional Accountants did each of these actions contravene?