Impacts of Unethical Behaviour

Impacts of Unethical Behaviour Cennessia Brimley 208 October Benjamine Strickland Impacts of Unethical Behavior Most accountants atomic number 18 persons of integrity and moral philosophy. Business morality has many levels at the concenter of which are the ethics of the individualist (Weiss, 2006). Those few accountants who indulge in unethical occupancy practices defect the profession for all, implanting in the minds of the unexclusive that all accountants practice the fine art of embezzlement and falsifying monetary statements. In addition to the unethical behavior particular to the news report profession, one tolerate find in accounting offices, want other business offices, the unethical behavior of favoritism, discrimination (race, age, gender, sexual preference), sexual harassment, disgraceful or intimidating behavior towards coworkers, and falsehood to customers and supervisors (Weiss, 2006). According to a survey conducted in the 1990s, the ind ustry of pay ranked fifth as the industry with the most unethical behavior (Weiss, 2006). If the Enron stain had not occurred the world of finance would not have the Sarbanes-Oxley chip of 2002. SOX laid the foundation for penalizing guilty collective officers with serving prison time and paying large fines for coverage fraudulent financial statements and deceiving shareholders (Weiss, 2006).

SOX also required publicly traded companies to describe whether or not a code of ethics is in place for its elderberry bush financial officers and if no code of ethics is in place, the flowerpot must explain wh y (Gaumnitz & adenine; Lere, 2004). Enron! Corporation was an American energy company based in Houston, Texas. Enron employed just about 21,000 people and was one of the worlds leading electricity, graphic gas, pulp and paper, and communication theory companies. Enron reported financial condition was uphold mostly by institutionalized, systematic, and planned accounting fraud. Reference After the traffic Is do: Processing Securities Transactions by David M....If you want to father a full essay, order it on our website: BestEssayCheap.com

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