Identify at least five potential stakeholders from the case

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Problem

On 24 April 2014, London was sentenced to 14 months in jail, commencing in July 2014, and ordered to pay a $100,000 fine. After being sentenced, London said 'I had to plead guilty. The impacts on the profession and KPMG could have led to even further damage if there had been a long investigation and court case. It doesn't take long for bad public perception about accounting firms, like what happened to Arthur Andersen in 2002. So I want to do as much as I can to set things right. What I did was wrong, and I take full responsibility. However, this is a subject matter that, unfortunately, may be very prevalent among people who have access to confidential information, but it's difficult to catch people doing it. Even seemingly innocuous conversations with a good friend can lead a person to be tempted and think they won't get caught. I hope that my story can help prevent others from crossing the line' (O'Bannon 2014). Get the instant assignment help.

Task

1. Identify at least five potential stakeholders from the case above and discuss how they were affected by the actions of Scott London?

2. Discuss how the fundamental principles of the code of ethics were breached by London.

Reference no: EM134007582

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