the study of ethics and the Code of Ethics for Professional Accountants is essential for accountants so they can make appropriate accounting policy choices when presented with earnings management issues.

You are required to evaluate this statement. You must also refer to relevant accounting research, earnings management techniques and examples from recent corporate collapses to support your arguments. To conduct your research, you may find it helpful to consult the internet, regulators' sites in particular, also newspapers, business magazines and professional or academic journals.