ACC 557 Week 3 Learning Team Assignment Ethical Challenges and Agency Issues Learning Team Ethical Challenges and Agency Issues Adverse financial situations occurring throughout the 20th century led to government legislative interventions regarding corporate financial accounting on several occasions. Resource: Cost Management Read the following case studies from the text: â€œTimely Reporting of Budget Problems Case Studyâ€ on pp. 388 & 389 (Ch. 10). â€œLevel of Executive Pay Case Studyâ€ on pp. 605-607 (Ch. 15). Write a 700- to 2,000 word paper, 350 to 700 words for each team member, analyzing the ethical challenges as well as any agency issues. In the same paper, explain how the 1933, 1934, and SOX Acts were reactions to financial crises arising from similar challenges.