Hello,

I need help with completing this Milestone. Detailed instructions are attached. Please be sure to follow them and answer appropriately. Please provide in text citation and a reference list at the end of the paper.

I have chosen Enron as the company to base the study on.

ACC 696 Milestone One Guidelines and Rubric The submission of the first milestone is an opportunity to receive feedback for the first two critical elements of your summative assessment. You should use this feedback by incorporating the comments and suggestions into your final draft. For this assignment, you will identify the company you have chosen to evaluate for an ethics violation. Provide a background of the company, including the industry in which it operates and a brief history of the company, and identify the ethics violation you will be evaluating. For the second part of this paper, expand upon the specifics of the ethical violation. This assessment will evaluate your mastery with respect to the following course outcomes: Analyze legal, social, and economic developments for their defining role in ethical expectations of the business and accounting profession Assess the ethical responsibilities of professional accountants to internal and external stakeholders relating to the financial reporting process Apply theoretical models of ethical behavior to contemporary accounting issues Specifically, the following critical elements must be addressed: I. II. Background What company is the subject of the case? Why did you choose this company/ethical situation? What ethics violations were discovered? Ethical Violations a) Who were the main participants involved in perpetrating the violations? Discuss the ethical responsibilities of professional accountants to the following stakeholders regarding the financial reporting process. How were the stakeholders affected by the ethics violations? i. Internal ii. External b) What AICPA Codes of Professional Conduct were violated? i. What is the importance of independence, when is independence required, and why must you be independent both in fact and in appearance? ii. Did the main participants adhere to moral and ethical principles? Soundness of moral character? Honesty? In other words, discuss the case as it relates to the integrity of the main participants. iii. Did the main stakeholders, including the professional accountants, maintain their objectivity? Explain. c) What were the implications of these violations on the business and accounting profession from the following perspectives? i. Legal ii. Social iii. Economic Rubric Guidelines for Submission: Your paper must be submitted as a three- to four-page Microsoft Word document with double spacing, 12-point Times New Roman font, one-inch margins, and one to two scholarly sources cited in APA format. Instructor Feedback: This activity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more information, review these instructions. Critical Elements Background Exemplary (100%) Meets \"Proficient\" criteria and expands on the background and ethical violations using a variety of supporting research Meets \"Proficient\" criteria and expands on the impact beyond immediate internal stakeholders, encompassing the internal environment Proficient (90%) Describes the situational background of the case including a brief description of the ethical violations Assesses the ethical responsibilities of professional accountants in relation to internal stakeholders, including how the stakeholders were affected by the violations Ethical Violations: Responsibilities (External) Meets \"Proficient\" criteria and expands on the impact beyond immediate external stakeholders, encompassing the external environment Assesses the ethical responsibilities of professional accountants in relation to external stakeholders, including how the stakeholders were affected by the violations Ethical Violations: AICPA Codes (Independence) Meets \"Proficient\" criteria, and examination includes harm caused by independence violations Examines independence-type ethical violations (as defined by the AICPA Code) within the case and addresses the importance of independence in fact and appearance Ethical Violations: Responsibilities (Internal) Needs Improvement (70%) Describes the situational background of the case, but omits key elements and/or ethical violations Assesses the ethical responsibilities of professional accountants in relation to internal stakeholders and how the stakeholders were affected by the violations, but assessment is missing key participants or fails to adequately address the impacts to internal stakeholders Assesses the ethical responsibilities of professional accountants in relation to external stakeholders and how the stakeholders were affected by the violations, but assessment is missing key participants or fails to adequately address the impacts to external stakeholders Examines independence-type ethical violations (as defined by the AICPA Code) within the case, but omits key independence violations or does not address the importance of independence in fact and appearance Not Evident (0%) Does not describe the situational background of the case or does not provide a brief description of the ethical violations Does not assess the ethical responsibilities of professional accountants in relation to internal stakeholders and how the stakeholders were affected by the violations Value 10 10 Does not assess the ethical responsibilities of professional accountants in relation to external stakeholders and how the stakeholders were affected by the violations 10 Does not examine independence-type ethical violations within the case 5 Ethical Violations: AICPA Codes (Integrity) Meets \"Proficient\" criteria, and examination includes harm caused by integrity violations Ethical Violations: AICPA Codes (Objectivity) Meets \"Proficient\" criteria, and examination includes specific examples illustrating objectivity or the lack thereof Ethical Violations: Implications (Legal) Meets \"Proficient\" criteria and expands the analysis beyond obvious legal implications Ethical Violations: Implications (Social) Meets \"Proficient\" criteria and expands assessment beyond obvious social implications Ethical Violations: Implications (Economic) Meets \"Proficient\" criteria and expands the analysis beyond direct economic impacts Examines ethical violations in regard to the integrity (as defined by the AICPA Code) of the main participants within the case Examines ethical violations in regard to the integrity (as defined by the AICPA Code) of the main participants within the case, but omits key integrity violations or examination lacks detail Examines the objectivity (as Examines the objectivity (as defined by the AICPA Code) of defined by the AICPA Code) of main stakeholders within the main stakeholders within the case, including a detailed case, but does not include a analysis of the objectivity of the detailed analysis of the professional accountants objectivity of the professional accountants, or overall examination is lacking in detail Assesses legal implications of Assesses legal implications of ethical violations on the business ethical violations on the business and accounting profession and accounting profession, but analysis omits key implications or fails to relate the implications directly to the case Assesses social implications of Assesses social implications of ethical violations on the business ethical violations on the business and accounting profession and accounting profession, but analysis omits key implications or fails to relate the implications directly to the case Assesses economic implications Assesses economic implications of ethical violations on the of ethical violations on the business and accounting business and accounting profession profession, but analysis omits key implications or fails to relate the implications directly to the case Does not examine ethical violations of the main participants within the case 10 Does not examine the objectivity of main stakeholders within the case 10 Does not assess the legal implications of ethical violations on the business and accounting profession 10 Does not assess social implications of the violations on the business and accounting profession 10 Does not assess economic implications of the violations on the business and accounting profession 10 Ethical Violation: Code of Ethics Articulation of Response Meets \"Proficient\" criteria and includes a discussion on how the company's Code of Ethics could have been used to prevent the violations Determines if the ethical violations identified in the case violate components of the company's own Code of Ethics and describes each violation in detail Meets \"Proficient\" criteria and has excellent syntax and sentence construction Submission has no major errors related to citations, grammar, spelling, syntax, or organization Determines if the ethical violations identified in the case violate components of the company's own Code of Ethics, but does not adequately describe the violations or omits key violations Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas Does not determine if the ethical violations identified in the case violate components of the company's own Code of Ethics 10 Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas 5 Earned Total 100%