Reference no: EM133632235

Question: Investigating Your Chosen Career Path and Its Impact Objective: In this research assignment, you will delve into your proposed profession, the related company or industry, and the necessary credentials for professional status. Additionally, you will explore the professional organizations and governing bodies associated with your field. Finally, you will analyze a real-life case where someone breached professional norms, leading to repercussions for the individual and their organization. This case study will help you understand how such incidents can impact the profession and lead to changes in laws and credentialing and give you an update on the business practice expectations for your profession and industry. -Financial Advisor-

Tasks: 1. Explore Your Chosen Profession: - Research your selected profession, including its core responsibilities, job roles, and significance in the industry. - Identify key trends and developments within the profession, such as emerging technologies or evolving practices.

2. Investigate Your Chosen Company or Industry: - Gather information about the company or industry (for example: its history, major players, and current challenges)

3. Determine Customary Credentials: - Research the educational and professional qualifications typically required to attain professional status in your chosen field. This may include degrees, exams, certifications, and licenses. - Identify any noteworthy advancements or changes in credentialing requirements over time.

4. Explore Professional Organizations: - Find and explore the professional organization(s) affiliated with your profession. Investigate their missions, services, and the benefits they offer to members. - Understand how these organizations contribute to the professional development or networking opportunities in your field.

5. Analyze Governing Bodies and Laws: - Investigate the laws, regulations, and governing bodies associated with your chosen profession. Consider how these entities maintain standards and ethics within the industry. - Identify any recent changes or developments in the regulatory landscape that may impact your career path.

6. Investigate a Case Study: - Select a well-documented case where someone within your chosen profession transgressed professional norms and caused issues within their company. For instance, the case of accounting fraud at Enron. - Analyze the case thoroughly, highlighting the key events, individuals involved, and the repercussions on the company and profession.

7. Assess Impact on the Profession:

Discuss how the case study impacted important aspects of the profession, such as public perception, trust, and ethical considerations.

Consider whether there were any significant changes or reforms within the profession as a result of this incident.

8. Examine Changes in Laws and Credentialing: - Investigate whether the outcome of the case study led to changes in laws, regulations, or credentialing requirements within the profession.

Evaluate the effectiveness of these changes in preventing similar issues in the future. By completing these tasks, you will gain a comprehensive understanding of your chosen profession, its industry dynamics, and the critical factors that influence professional development and ethics.