{"id":14858,"date":"2022-04-11T16:40:01","date_gmt":"2022-04-11T16:40:01","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/wm-introductiontobusiness\/?post_type=chapter&#038;p=14858"},"modified":"2022-04-11T16:40:01","modified_gmt":"2022-04-11T16:40:01","slug":"module-16-discussion-cpas-and-financial-crisis","status":"web-only","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/wm-introductiontobusiness\/chapter\/module-16-discussion-cpas-and-financial-crisis\/","title":{"raw":"Module 16 Discussion: CPAs and Financial Crisis","rendered":"Module 16 Discussion: CPAs and Financial Crisis"},"content":{"raw":"<h2>General Discussion Instructions<\/h2>\r\nYou are required to post to this discussion THREE TIMES, on THREE DIFFERENT DAYS. Please refer to the Discussion Grading Rubric for details regarding how your performance will be assessed. NOTE: Please be certain to read the entire discussion assignment since in some cases there is more than one question you need to discuss, respond to, or address. Be sure that you have answered the entire question!\r\n<h2>Post 1: Initial Post<\/h2>\r\nThis posting should be a minimum of one short paragraph and a maximum of two paragraphs. Word totals for this post should be in the 100\u2013200-word range. Whether you agree or disagree, explain why with supporting evidence and concepts from the readings or a related experience. Include a reference, link, or citation when appropriate.\r\n<h3>Preparation<\/h3>\r\n<ul>\r\n \t<li style=\"font-weight: 400;\" aria-level=\"1\">Watch the two videos posted below:\r\n<ul>\r\n \t<li style=\"font-weight: 400;\" aria-level=\"2\"><a href=\"https:\/\/www.youtube.com\/watch?v=3iQLnpupaUM\" target=\"_blank\" rel=\"noopener\">https:\/\/www.youtube.com\/watch?v=3iQLnpupaUM<\/a><\/li>\r\n \t<li style=\"font-weight: 400;\" aria-level=\"2\">You can view the <a href=\"https:\/\/course-building.s3-us-west-2.amazonaws.com\/Intro+to+Business\/Transcriptions\/FinancialFraudPSA_transcript.txt\" target=\"_blank\" rel=\"noopener\">transcript for \u201cFinancial Fraud Public Service Announcement\u201d (opens in new window)<\/a> or the <a href=\"https:\/\/course-building.s3-us-west-2.amazonaws.com\/Intro+to+Business\/Transcriptions\/FinancialFraudPublicServiceAnnouncement_alternative.txt\" target=\"_blank\" rel=\"noopener\">text alternative for \u201cFinancial Fraud Public Service Announcement\u201d (opens in new window)<\/a>.<\/li>\r\n \t<li style=\"font-weight: 400;\" aria-level=\"2\"><a href=\"https:\/\/www.youtube.com\/watch?v=h6C5yBQTApE\" target=\"_blank\" rel=\"noopener\">https:\/\/www.youtube.com\/watch?v=h6C5yBQTApE<\/a><\/li>\r\n \t<li style=\"font-weight: 400;\" aria-level=\"2\">You can view the <a href=\"https:\/\/course-building.s3-us-west-2.amazonaws.com\/Intro+to+Business\/Transcriptions\/BankOfficialDiscussesLaunderingMoney_transcript.txt\" target=\"_blank\" rel=\"noopener\">transcript for \u201cBank Official Discusses Laundering Money\u201d (opens in new window)<\/a> or <a href=\"https:\/\/course-building.s3-us-west-2.amazonaws.com\/Intro+to+Business\/Transcriptions\/BankOfficialDiscussesLaunderingMoney_alternative.txt\" target=\"_blank\" rel=\"noopener\">text alternative for \u201cBank Official Discusses Laundering Money\u201d (opens in new window)<\/a>.<\/li>\r\n<\/ul>\r\n<\/li>\r\n<\/ul>\r\nAfter watching the videos, <a href=\"https:\/\/en.wikipedia.org\/wiki\/Financial_crisis_of_2007%E2%80%932008\" target=\"_blank\" rel=\"noopener\">read the Wikipedia article: \u201cThe Financial Crisis of 2007\u20132008<\/a>.\u201d\r\n<h3>For Discussion<\/h3>\r\nConsider what you have read in your course materials, watched in the videos, learned from the Wikipedia article about ethics and the duty of the CPA in regard to the public interest. Based on this information, respond and discuss the following statement: \u201cCPAs should have been able to prevent the global financial crisis of 2007\u20132008.\u201d Do you agree or disagree? Support your position.\r\n<h2>Posts 2 and 3: Respond to Classmates\u2019 Posts<\/h2>\r\n<h3>Instructions<\/h3>\r\nAfter you have created your initial post, look over the discussion posts of your classmates and give at least two thoughtful responses to two different classmates (one per classmate) as outlined in the Discussion Grading Rubric.\r\n\r\nA response posting should be a minimum of one short paragraph. Word totals for these posts should be in the 75\u2013100-word range. Whether you agree or disagree, explain why with supporting evidence and concepts from the readings or a related experience. Include a reference, link, or citation when appropriate. The goal of your response posts is to extend discussions already taking place or pose new possibilities or opinions not previously voiced. Your goal should be to motivate the group discussion and present a creative approach to the topic.","rendered":"<h2>General Discussion Instructions<\/h2>\n<p>You are required to post to this discussion THREE TIMES, on THREE DIFFERENT DAYS. Please refer to the Discussion Grading Rubric for details regarding how your performance will be assessed. NOTE: Please be certain to read the entire discussion assignment since in some cases there is more than one question you need to discuss, respond to, or address. Be sure that you have answered the entire question!<\/p>\n<h2>Post 1: Initial Post<\/h2>\n<p>This posting should be a minimum of one short paragraph and a maximum of two paragraphs. Word totals for this post should be in the 100\u2013200-word range. Whether you agree or disagree, explain why with supporting evidence and concepts from the readings or a related experience. Include a reference, link, or citation when appropriate.<\/p>\n<h3>Preparation<\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">Watch the two videos posted below:\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><a href=\"https:\/\/www.youtube.com\/watch?v=3iQLnpupaUM\" target=\"_blank\" rel=\"noopener\">https:\/\/www.youtube.com\/watch?v=3iQLnpupaUM<\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\">You can view the <a href=\"https:\/\/course-building.s3-us-west-2.amazonaws.com\/Intro+to+Business\/Transcriptions\/FinancialFraudPSA_transcript.txt\" target=\"_blank\" rel=\"noopener\">transcript for \u201cFinancial Fraud Public Service Announcement\u201d (opens in new window)<\/a> or the <a href=\"https:\/\/course-building.s3-us-west-2.amazonaws.com\/Intro+to+Business\/Transcriptions\/FinancialFraudPublicServiceAnnouncement_alternative.txt\" target=\"_blank\" rel=\"noopener\">text alternative for \u201cFinancial Fraud Public Service Announcement\u201d (opens in new window)<\/a>.<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><a href=\"https:\/\/www.youtube.com\/watch?v=h6C5yBQTApE\" target=\"_blank\" rel=\"noopener\">https:\/\/www.youtube.com\/watch?v=h6C5yBQTApE<\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\">You can view the <a href=\"https:\/\/course-building.s3-us-west-2.amazonaws.com\/Intro+to+Business\/Transcriptions\/BankOfficialDiscussesLaunderingMoney_transcript.txt\" target=\"_blank\" rel=\"noopener\">transcript for \u201cBank Official Discusses Laundering Money\u201d (opens in new window)<\/a> or <a href=\"https:\/\/course-building.s3-us-west-2.amazonaws.com\/Intro+to+Business\/Transcriptions\/BankOfficialDiscussesLaunderingMoney_alternative.txt\" target=\"_blank\" rel=\"noopener\">text alternative for \u201cBank Official Discusses Laundering Money\u201d (opens in new window)<\/a>.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>After watching the videos, <a href=\"https:\/\/en.wikipedia.org\/wiki\/Financial_crisis_of_2007%E2%80%932008\" target=\"_blank\" rel=\"noopener\">read the Wikipedia article: \u201cThe Financial Crisis of 2007\u20132008<\/a>.\u201d<\/p>\n<h3>For Discussion<\/h3>\n<p>Consider what you have read in your course materials, watched in the videos, learned from the Wikipedia article about ethics and the duty of the CPA in regard to the public interest. Based on this information, respond and discuss the following statement: \u201cCPAs should have been able to prevent the global financial crisis of 2007\u20132008.\u201d Do you agree or disagree? Support your position.<\/p>\n<h2>Posts 2 and 3: Respond to Classmates\u2019 Posts<\/h2>\n<h3>Instructions<\/h3>\n<p>After you have created your initial post, look over the discussion posts of your classmates and give at least two thoughtful responses to two different classmates (one per classmate) as outlined in the Discussion Grading Rubric.<\/p>\n<p>A response posting should be a minimum of one short paragraph. Word totals for these posts should be in the 75\u2013100-word range. Whether you agree or disagree, explain why with supporting evidence and concepts from the readings or a related experience. Include a reference, link, or citation when appropriate. The goal of your response posts is to extend discussions already taking place or pose new possibilities or opinions not previously voiced. Your goal should be to motivate the group discussion and present a creative approach to the topic.<\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-14858\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li>Discussion: CPAs and Financial Crisis. <strong>Authored by<\/strong>: Linda Williams and Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><div class=\"license-attribution-dropdown-subheading\">All rights reserved content<\/div><ul class=\"citation-list\"><li>Financial Fraud Public Service Announcement. <strong>Provided by<\/strong>: FBI. <strong>Located at<\/strong>: <a target=\"_blank\" href=\"https:\/\/youtu.be\/h6C5yBQTApE\">https:\/\/youtu.be\/h6C5yBQTApE<\/a>. <strong>License<\/strong>: <em>All Rights Reserved<\/em>. <strong>License Terms<\/strong>: Standard YouTube License<\/li><li>Bank Official Discusses Laundering Money. <strong>Provided by<\/strong>: FBI. <strong>License<\/strong>: <em>All Rights Reserved<\/em>. <strong>License Terms<\/strong>: Standard YouTube License<\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":428269,"menu_order":66,"template":"","meta":{"_candela_citation":"[{\"type\":\"original\",\"description\":\"Discussion: CPAs and Financial Crisis\",\"author\":\"Linda Williams and Lumen Learning\",\"organization\":\"\",\"url\":\"\",\"project\":\"\",\"license\":\"cc-by\",\"license_terms\":\"\"},{\"type\":\"copyrighted_video\",\"description\":\"Financial Fraud Public Service Announcement\",\"author\":\"\",\"organization\":\"FBI\",\"url\":\"https:\/\/youtu.be\/h6C5yBQTApE\",\"project\":\"\",\"license\":\"arr\",\"license_terms\":\"Standard YouTube License\"},{\"type\":\"copyrighted_video\",\"description\":\"Bank Official Discusses Laundering Money\",\"author\":\"\",\"organization\":\"FBI\",\"url\":\"\",\"project\":\"\",\"license\":\"arr\",\"license_terms\":\"Standard YouTube License\"}]","CANDELA_OUTCOMES_GUID":"","pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-14858","chapter","type-chapter","status-web-only","hentry"],"part":14629,"_links":{"self":[{"href":"https:\/\/courses.lumenlearning.com\/wm-introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/14858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/courses.lumenlearning.com\/wm-introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/courses.lumenlearning.com\/wm-introductiontobusiness\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-introductiontobusiness\/wp-json\/wp\/v2\/users\/428269"}],"version-history":[{"count":1,"href":"https:\/\/courses.lumenlearning.com\/wm-introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/14858\/revisions"}],"predecessor-version":[{"id":14859,"href":"https:\/\/courses.lumenlearning.com\/wm-introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/14858\/revisions\/14859"}],"part":[{"href":"https:\/\/courses.lumenlearning.com\/wm-introductiontobusiness\/wp-json\/pressbooks\/v2\/parts\/14629"}],"metadata":[{"href":"https:\/\/courses.lumenlearning.com\/wm-introductiontobusiness\/wp-json\/pressbooks\/v2\/chapters\/14858\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/courses.lumenlearning.com\/wm-introductiontobusiness\/wp-json\/wp\/v2\/media?parent=14858"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-introductiontobusiness\/wp-json\/pressbooks\/v2\/chapter-type?post=14858"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-introductiontobusiness\/wp-json\/wp\/v2\/contributor?post=14858"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/courses.lumenlearning.com\/wm-introductiontobusiness\/wp-json\/wp\/v2\/license?post=14858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}