Topics: Fraud, Certified Fraud Examiner, Political corruption Pages: 5 (1632 words) Published: December 3, 2012
Patrick Barefoot
BUSI 625
Dr. Duncan
November 29, 2011
In today’s competitive business world, all decisions and their consequences are essential to an organization’s success. They reflect the character of the decision maker, and the image of the organization. In order to bring about the most positive impacts on ourselves, co-workers, and the community much effort must go into making these tough decisions. Equally important is being accountable for the consequences of these actions. Whether good or bad, all decisions correspond with an appropriate outcome. It is one’s obligation to fully accept the rewards or punishment that comes with their actions. In the accounting field much responsibly has been given to its employees, such as keeping accurate reports of all financial transactions. With this bestowed trust much is expected from their performance. This directly relates to a biblical teaching in the book of Luke. The servant who knows the master’s will and does not get ready or does not do what the master wants will be beaten with many blows. But the one who does not know and does things deserving punishment will be beaten with few blows. From everyone who has been given much, much will be demanded; and from the one who has been entrusted with much, much more will be asked. (Luke, 12:47-48) In this passage the servant or employee that had knowledge of what his master demanded of him and did not execute accordingly was punished severely. On the other hand, the servant who had no knowledge was only punished lightly. This shows the relationship between ability and expectations. If the ability to achieve great things is present then greatness will be the only acceptable outcome. In any instance where the outcome is unacceptable, someone must be held accountable. This is depicted through the punishment of blows in the passage above. In production and service organizations the accounting department is responsible for communicating with others on its financial well being. This communication typically takes place in the form of several statements that displays performance results. They also show what costs have incurred in order to produce certain products or to perform a particular service. With this information other departments can determine what methods must be improved upon in order to perform more efficiently. Because the success of other departments depends on timely and accurate statements much attention must go into insuring they are correct. Due to this fact measures must be taken when any information is provided in an unacceptable form. Holding employees accountable for their work will aid in improving the efficiency of an organization. With workers being conscious of the evaluation of their performances, every task will be carried out with care. Knowing that their short comings will not be overlooked should provide them with incentive to perform to the best of their abilities. Not only does accountability pertain to the performance of employees but also their ethical actions as well. With the emphasis placed on religion from my formal education, both at the undergraduate and graduate level, I have formed a solid foundation of ethics. On this foundation I hope to build a successful career. In this career I will most certainly be faced with many temptations and held accountable for how I handle them. With the severe economic times, an increasing number of people have given into the temptation of embezzlement and fraud. Because of the stressful tension many people work under today, some form of rationalization has developed that leads them to commit crimes against their own organization. The Association of Certified Fraud Examiners (ACFE) has composed several statistics pertaining to fraud in the United States over the past few years. In a report that studied 1,021 U.S. cases the ACFE stated the median loss due to fraud was over $100,000 for each company. Also...

Cited: 3:23-24, Colossians. Bible: New International Version. n.d.
4:9-10, Ecclesiastes. Bible: New International Version. n.d.
Boxx, Rick. How to Prosper In Business Without Sacrificing Integrity . Cross Training Publishing, 2003.
Chewning, Richard C., John W. Eby and Shirley J. Roels. "Accountability: Stimulus For Self-Control." Business Through the Eyes of Faith. San Francisco: Harper Collins, n.d. 155-164.
Fraud, Association of Certified. "ACFE Report Provides Insights on Occupational Fraud in the U.S." 24 June 2010. 12 November 2011 <>.
Luke 12:47-48, Book of. Bible: New International Version. n.d.
Prio, Jim. Portland General Electric Code of Business Ethics and Conduct. Portland, February 2010.
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • “the Importance of Accountability” Essay
  • Importance of Accountability Paper
  • Accountability in Army Research Paper
  • Accountability and Responsibility Essay
  • Liability and Accountability Essay
  • Types of Accountability Essay
  • Government Accountability Essay
  • HCS 475 week 4 The Importance of Accountability Research Paper

Become a StudyMode Member

Sign Up - It's Free