Read the ethics case, Bernie Madoff Scandal–The King of Ponzi Schemes, on pp. 127-136 in your textbook. Then read the Forbes article, “Why the SEC Missed Madoff,” located at:http://www.forbes.com/2008/12/17/madoff-sec-cox-business-wallst-cx_em_bw_1217ponzi.htmlFinally, read the SEC article, “The Securities and Exchange Commission Post-Madoff Reforms,” located
at:http://www.sec.gov/spotlight/secpostmadoffreforms.htmWrite a 3-5 page paper summarizing the case and its implications on corporate and accounting governance.
Make sure you thoroughly summarize the case, highlight key players and their role in the fraud, and discuss the impact on accounting governance, including references to reforms undertaken by the SEC and the efficacy of self-regulation in the form of FINRA.
Requirements: 3 page | .doc file