Effect of Unethical Behavior Article Analysis Rebecca Shaffer Acc/291 12/10/2012 David Mobile Effect of Unethical Behavior Article Analysis In the Accounting profession there are many situations that lead to the unethical behavior in this profession. Situations such as the misuse of company funds‚ exaggerating the value of a company’s assets‚ insider trading‚ and inflating revenues. When you choose to become an Accountant you take on a great deal of responsibility not only to the corporation
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Effect of Unethical Behavior Article Analysis Effect of Unethical Behavior Article Analysis The Sarbanes-Oxley Act‚ passed in congress in 2002 is designed to protect investors from the potential of fraudulent corporate accounting activities. This act strictly mandates reform‚ aimed directly to prevent fraud and improve corporate financial disclosures (INVESTOPEDIA‚ 2012). As a result of several confidence shaking investor accounting scandals that occurred during the late 90s which
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Effect of Unethical Behavior Article Analysis Beatrice Arnold ACC/291 February 4‚ 2013 James Covert Unethical Practices and Behavior The business environment can be a cause for unethical practices and behavior in accounting. An example of this can be management instructing an employee to record a transaction in an incorrect manner. It can be as simple as a company whose clients sign a contract on December 1‚ 2012 for the year. Then reporting the revenue for the whole year in December instead
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Effect of Unethical Behavior Article Analysis Aylin Rodriguez ACC/291 Principle of Accounting II 01/14/2013 Glenn Purcell Effect of Unethical Behavior Article Analysis The Sarbanes Oxley Act was passed in 2002 as a result of plenty of corporate scandals. The purpose of this act was not only to defend investors and provide them with accurate and reliable information but also make companies and employees behave ethically and with integrity. After the law was passed the financial statement have
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Unethical Behavior Article Analysis Carlyn J. Medley January 23‚ 2012 ACC/291 Kevin Waters Unethical Behavior Article Analysis Before the Sarbanes-Oxley (SOX) Act of 2002 organizations were trusted to do the right thing and be ethical when posting information within their ledgers and journal. Unfortunately‚ some organizations were anything but ethical and moral. This realization became all too real when it was discovered the Enron and Arthur Andersen were participating in immoral and unethical
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Effect on Unethical Behavior Article Analysis The Sarbanes-Oxley Act of 2002 was intended to improve corporate governance and increase the transparency of financial audits. The legislation also could have significant effects on the public accounting industry. Sarbanes-Oxley Act (SOX) of 2002 has requires companies to repeat the section 404-certification process annually and to review processes and controls for changes on a quarterly basis. The Act also promises to make important improvements in
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Effect of Unethical Behavior Article Analysis Lisa Talley ACC\291 June 10‚ 2013 Eric Oechsner The Securities and Exchange Commission was created in 1934 to police the U.S. financial markets. Today‚ the Securities and Exchange Commission continues to create legislation tightening reporting standards and providing more transparency. Unfortunately‚ increasing standards often comes after a failure of the system. The Sarbanes-Oxley Act of 2002 is a primary example of legislation following
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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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Effect of Unethical Behavior Article Analysis ACC291 Effect of Unethical Behavior Article Analysis Ethics has long been a word that has several different meanings to different people. With most it means what “should” be done in various situations. It does not necessarily mean that it is illegal not to do what it considered ethical. Throughout history people have tried to justify the things they have done to make it seem as they had the best interest of those around them at heart. Unethical behavior
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Effect of Unethical Behavior Article There are a few factors that can lead to unethical practices and behaviors in accounting such factors are financial pressure‚ opportunity‚ and rationalization. With proper checks and balances and accounting procedures a company can minimize the risk of unethical practices and behaviors. Unfortunately‚ there is no sure way to completely avoid unethical practices and behaviors. The most important element of unethical practices and behavior is opportunity
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