Corporate ethics and fraud have received much media attention through reporting of scandals at major corporations. You are an outside advisor to Salem Corporation, which hires you to make sure that its financial reporting and tax reporting responsibility is of the highest ethical standards. So that you understand the types of ethical misconducts that corporations are subject to and the penalties that can be given when uncovered, use the Internet to research and discuss the following: Ethical standards for corporations Recent changes to financial and reporting laws Cases where corporations have committed unethical business practices and the resulting consequences. The memorandum to your client should be approximately 600 words. Be sure in your memorandum to discuss and apply the federal Sarbanes-Oxley Act and the IMA ethical code of standards