Effect of Unethical Behavior Article Analysis

Unethical pr twistices and mien argon common in like a shots world. There atomic number 18 variations of situations known as wrong practices and behavior in the accounting world. Misleading financial entropy for personal gain, understating expenses, and mis employment of currency atomic number 18 common wrong practices and behavior. Other uncommon practices and behavior are kickbacks and manipulation. It is important to clear unethical practices and behavior and how to bobby pin these situations as they arise. Enron Corporation had a substantial impact on how unethical practices and behavior are dealt with in todays business world. The Enron s jackpotdal is considered to be one of the most disreputable within American level (Finance Laws, 2011). Enron Corporation reported sustainable financial stability by the use of accounting lampoon rumors, bribery, and irregular accounting procedures. It was not until Enron Corporations network and revenues from controlled limit ed partnerships were revealed that the Enron scandal plummeted. Enron Corporations debts and losings were not reported on the financial statements. Enron Corporation misrepresented earnings, manufactured fraudulent expertness crisis, and embezzled. The Sarbanes-Oxley Act of 2002 was created to stop corporations, much(prenominal) as Enron from misrepresenting financial data.

The Sarbanes-Oxley Act 2002 was created to ca-ca accounting in the corporate business world more than transparent. It is under this act that the Financial Accounting Standards Board mandates corporations to use Generally veritable Accoun ting Principles when reporting to shareholde! rs. The rules that Sarbanes-Oxley Act 2002 created are enforced by the Securities and Exchange Commission. If these rules are not followed outlaw prosecution can be enforced. Corporations financial statements are held to govern accountability with midland controls and procedures that corporate executive officers and corporate financial officers must dumbfound to. The Sarbanes-Oxley Act of 2002 requires...If you want to get a full essay, vagabond it on our website: OrderCustomPaper.com

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