Ethical Questions on the Case of Scott London

Week 3 Video Report
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Accountants must maintain ethics as a crucial performance quality in accounting and auditing engagements. The case of Scott London (former KPMG senior partner) raises ethical questions because he gave insider information concerning his clients to his stock trader colleague, who leveraged the proprietary information to maximize returns (Grumpy Old Accountants, 2013). This was unethical because it disadvantaged other clients seeking to maximize profits. The insider trading scandal implies that Mr. London sought to serve his self-interest rather than his clients, leading to a loss of in...