At this moment, America’s highest economic need is higher ethical standards- standards enforced by strict laws
George Bush July 2002
‘Integrity has no need of rules’
‘There is one and only one responsibility of business- to use its resources and engage in activities designed
to increase its profits so long as it stays within the rules of the game’
Discuss the view that increased regulation will not necessarily lead to higher ethical standards. You may
relate your essay to any area of accountancy or finance with which you are familiar, but you are advised to
keep your answer specific and illustrate it with relevant factual information.
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