Question Number: 342

XACC 280 Week 8 Assignment Regulatory BodiesPost your response to the following question, using 250 to 300 words: What are the major regulatory bodies and their functions? XACC 280 Week 8 Assignment Impacts of Unethical BehaviorResearch a company that has been in the news for unethical practices, such as Enron, Tyco, Global Crossing, or WorldCom.Post a 300- to 500-word response that summarizes your ideas about the following:· What was the nature of the controversy regarding this company’s practices?· How were accounting practices involved?· If you had been an accountant for this company, how would you have acted? Explain why.· What might have been done to prevent the controversy?What was the affect of unethical behavior on the profitability of the company?