Write a 1200- to 1500-word paper explaining the legal aspectsfinancial standards involved and ethicality of the ExcelloTelecommunications case. Your paper should include thefollowing: Identify the legal issues involvedconsiderstate and federal lawsand explain how they apply to the case. Determine the criteria by which Sarbanes-Oxleywould apply to this case. Identify the specific financial reportingstandards involved and explain how those standards wereviolated. Evaluate the financial reporting activity interms of the AICPA Code of Professional Conduct. Determine the ethicality of the events withinthe case.o Select the best alternative offered by theteam. Defend your decision in terms of its legality ethicalityand alignment with accounting standards.Format your paper consistent with APA guidelines.