Hello, can someone assist me with an executive summary for the following?

Choice Hotels requires high levels of integrity, honesty, and transparency in the development of financial reports. They must ensure compliance with the standards articulated by international bodies like theFinancial Accounting Standards Board,Generally Accepted Accounting Principles(GAAP), and theInternational Financial Reporting Standards (IFRS)Board.

Before 2002 and prior to SOX there were a number of high profile frauds in public companies.Enron, WorldCom, Tyco, and Sunbeam come to mind. These companies had CEOs prosecuted for fraud under mail fraud and securities laws.

In 2002 SOX became law.During the following 8 to 10 years, Congress and dozens of accountants claimed that SOX had dramatically increased the penalties for fraud. That was true in theory but not in the real world.

Since SOX became law in 2002, only one CEO, Richard Scrushy, has been prosecuted under SOX. He was acquitted!

None of the CEOs who participated in mortgage securities fraud during the 2008 financial crisis, went to jail or even get prosecuted.

Calendar Invite

Event:MCS Special Retreat: Ethics in Focus

Location:Executive Room

Meeting Organizer:Elisa Izuki

The managing director, Elisa Izuki, would like you and your team of MCS consultants to develop an appreciation for ethical accounting standards and the need for objectivity in your analysis. With that in mind, she invites all the consultants working on the Choice Hotels project to an offsite company retreat. During the retreat, a considerable amount of time is devoted to a discussion of topics related to accounting ethics.

Assuming you and your colleagues are attending the retreat, go to the Accounting Ethics Discussion, and complete the following tasks:

• Discuss why integrity, honesty, and transparency are essential in financial reporting. Give credit to any sources or real-world examples you use to support your statements.
• GAAP are the general rules, regulations, and guidelines that accountants in the United States follow to ensure their practices are legal and ethical. Explain to your colleagues why GAAP is so useful. Give credit to any sources or real-world examplesyou use to support your statements.
• Later in the week, after you are back in your office, you have a follow-up discussion with your MCS colleagues in an effort to summarize the key lessons you have learned from your discussion on ethics in finance and accounting at the past weekend's retreat. Respond to your colleagues' original discussion posts and give credit to any sources you use to support your statements.

EXAMPLE OF AN EXECUTIVE SUMMARY

Executive Summary

Purpose of Report

The City of Savannah's recycling program was designed and implemented in order to meet the city's civic responsibilities and to comply with the State of Georgia's Comprehensive Solid Waste Management Act as it relates to aluminum, glass and plastic containers. The purpose of this report is to:

• Determine the degree of public awareness of the recycling program
• Suggest ways to increase citizen participation in the program

Methods

A questionnaire survey was conducted to assess the community's current recyclying habits and to ascertain the degree of participation in city's program. A total of 1,041 responses were analyzed. Because Savannah's recyclying program collects only aluminim, glass and plastic containers, these were the only materials included in the survey.

Findings and Conclusions

A substantial majority (64%) of respondents rated recycling as "Important" or "Very Important." A lesser percentage (38%) indicated that they currently recycle at work. An even smaller percentage (17%) particicpate in the city's program. Two major reasons for their non-participation were highlighted:

1. Not knowing the location of the city's recycling centers
2. Lack of convenient acccess to the recycling centers

Results of this study indicate that citizens view recycling as important and will do so when convenient. However, locations of the city's recycling centers are either unknown or too inconvenient for the program to achieve the desired level of participation. A substantial effort needs to be made to overcome these barriers.

Recommendations for Increasing Participation

Cost-effective, scalable recommendations include:

• Increasing promotion of the city's recycling program through a coordinated campaign of PSAs.
• Relocating recycling bins and adding attractive signage
• Doubling the number of recycling bins
• Developing an incentive program for business participatio