Impact of Unethical Behavior Article Potential acts leading to unethical practices and behavioral in accounting is evident. These acts are in violation of the Sarbares Oxley Act of 2002 (SOX). A recent article on the student website is reviewed to identify potential factors leading to unethical practices and behavior. The article analyzed is called “Becoming a More Relational Firm in the Post-Sarbans-Oxley Era”. As expressed by the article‚ the effects of SOX has been considered by companies
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the power was being turned off. The agent gave the son a disconnect notice which was then given to Mrs. Muliaga by her son. Mrs. Muliaga told her son to ask the man to come inside. The agent came into Mrs. Muliaga’s home but did not notify her that the power had already been turned off. The agent stepped over a tube running from the bedroom to the prongs attached to Mrs. Muliaga’s nose. The agent explained to Mrs. Muliaga that he turned off the power as directed by Mercury Energy because of non-payment
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The Unethical Behavior of Enron Enron‚ once the countries seventh-largest company according to the Fortune 500‚ is a good example of how greed and the desire for success can transform into unethical behavior. Good ethics in business would be to compete fairly and honestly‚ to communicate truthfully and to not cause harm to others. These are things that Enron did not seem to display‚ which led to Enron’s operations file for bankruptcy in 2001. Enron’s scandal has become one of the most talked
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Accounting could best be described as a type of mechanism or language put in place in order to provide information with regards to the financial position of an organization or business. This type of information is critical to investors as it provides them with important and detailed information that could turn out to be the determining factor as to their decisions to invest or not to invest in a particular organization. Therefore‚ it is not uncommon to find unethical behavior in accounting as unethical
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Enron’s name was formerly Northern Natural Gas Company‚ which was formed in 1932 in Omaha‚ Nebraska. But in 1985‚ it bought the smaller Houston Natural Gas and finally changed its name to Enron. The “crooked E” logo was designed in the 1990s. Enron was well known for transmitting and distributing electricity and gas throughout the United States. Enron developed‚ built‚ and operated power plants and pipelines while dealing with the rules of law. They owned a huge network of natural gas pipelines which
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Effect of Unethical Behavior Article Analysis W. Jordan Barrick ACT 291 October 8‚ 2012 David Fewkes Effect of Unethical Behavior Article Analysis It is a far different world in the marketplace than just the year 2000. Consumer faith has plummeted‚ military campaigns have begun and ended and time after time large corporations are accused of terrible misconduct before a rapid demise. Whereas the Sarbanes-Oxley Act of 2002 has dealt a tremendous hand for the betterment of ethical
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the biggest well know companies in the United States and in the world since 1962 when founder Sam Walton created Wal-Mart. It has been the place where a lot of people usually do their shopping for the low prices and variety of products. This is why it is so controversial Wal-Mart continues to grow even with the accusations of unethical business practices. Wal-Mart has been accused of sexual discrimination and unfair pay for employees‚ and destruction of small towns‚ excessive amounts of corporate power
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Unethical practices and behavior in accounting may often go unchecked because the actions may be the result of upper management and even senior executives. Employees fearing negative reactions from management or their peer group may remain silence if they are aware of a person doing unethical things‚ causing the employee to turn a blind eye. Falsifying or altering business documents such as sales receipts‚ or tampering with accounting reports is unethical practices for a company to engage in.
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Tactics are the substance of strategy. They comprise what is done pursuant to strategic planning. The strategic phase of planning has thinkers determining ways to achieve stated goals. Simply stated‚ they plan how people need to act in order to attain the objectives for which the strategy is to be used. Tactics‚ on the other hand‚ are the very actions that are necessary to carry out the strategy. Strategies can be a combination of a number of tactics with the involvement of several different people
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Money‚ Attitude‚ and Unethical Behavior Business Research Methods December 11‚ 2013 Introduction Many believe that the success of a business is determined by they amount of money they generate on an annual basis. Because of this widespread belief‚ we often see a lack of morals‚ values‚ and ethics incorporated into the business. Many businesses feel as if there is no room for ethics in the business world and that the relationships built should focus solely on the generation
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