Scenario #1

Accountancy is a heavily regulated industry. Look at thisWeb site(Links to an external site.)https://nbpa.nebraska.gov/ . Explore it to answer the questions below.

Scenario #2

You are the CEO of Otterbox, a Colorado corporation. Your business has expanded a lot over the past few years. You now have an opportunity to expand your business to sell smartphone cases in France.

Answer the following questions.

Topic Questions:

1. Regarding the first scenario:

• What Nebraska agency regulates certified public accountants (CPAs)?
• What types of regulations has the agency implemented for the accountancy industry?
• What types of enforcement power does the agency have?
• How would a person or business file a complaint about a CPA?

2. Regarding the second scenario, what types of laws would you need to comply with if you expanded into the French market? (Hint: think of the "levels" of laws rather than specific laws.)

Reflection Questions:

1. Is there anything you learned that will cause you to change your behavior from what it was before working on this module? What is it? Please discuss.
2. Which topics were confusing, complicated or contradictory? Why?