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 ethical motive has many levels at the concenter of which are the ethics of the private (Weiss, 2006). Those few accountants who indulge in wrong occupancy practices imperfection the profession for all, implanting in the minds of the unexclusive that all accountants practice the dodge of embezzlement and falsifying monetary statements. In addition to the unethical behavior particular to the news report profession, one tush 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 industry of pay ranked fifth part as the industry with the most unethical behavior (Weiss, 2006). If the Enron scandal had not occurred the world of finance would not have the Sarbanes-Oxley knead of 2002. SOX laid the foundation for penalizing guilty collective officers with serving prison house time and paying large fines for coverage fraudulent fiscal 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 aged(a) financial officers and if no code of ethics is in place, the lot must explain why (Gaumn itz & adenine; Lere, 2004). Enron Corporatio! n was an American energy company based in Houston, Texas. Enron employed nigh 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 make: 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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