You just graduated from college with an accounting degree and landed your first job! You will be working as a managerial accountant for a company that owns and operates several local restaurants. On your first day, your manager admits that in the past, they have not paid much attention to ethics in the business’s accounting practices. The company has never had a problem with the law, so your manager hasn’t seen the need to focus on ethics. Your job is to explain to your manager why the company should implement ethical accounting practices. Explain the purpose of ethics in accounting, and then describe the benefits of ethical accounting.

R& m chatelaine is one of the largest tax-preparation firms in the united states. it wants to acquire the tax experts, a smaller rival. after the merger, chatelaine will be one of the two largest income-tax preparers in the u.s. market. what should chatelaine include in its acquisition plans? it should refocus its attention from the national to the international market. in addition to acquiring the tax experts, it should also determine the best way to drive independent "mom and pop" tax preparers out of business. chatelaine will need to explain to the federal trade commission how the acquisition will not result in an increase in prices for consumers. chatelaine should enter a price-based competition with its other major competitor to force it out of business and become a monopoly.