Learning Activity 1 (LA1) Cowboys and Managerial Accountants "Can you imagine accountants as American cowboys of the Wild, Wild West in the 1800s? I can. And they can be dangerous. Yeehaw! Yippee-j-o-j-al" (Cokins, 2013) In BUSI 1043 (Financial Accounting) you may have learned about the effects of Enron World Com, and Arthur Anderson as well as many other companies who committed fraud and the resulting impact/creation of governing bodies. As a result of such scandals, many accounting standards were created with the purpose of trying to mitigate the risk of fraud occurring in the future. However, there are very few rules and regulations for managerial accountants (similar to the cowboys of the Wild West). Assume that you agree with the author's arguments, please provide your thoughts and analysis below. At least 3 valuable points or more to support your analysis. Assume that you disagree with the author's arguments, please provide your thoughts and analysis below. At least 3 valuable points or more to support your analysis.