Article Analysis on Unethical Behavior and its Effects Article Analysis on Unethical Behavior and its Effects ACC 291 Article Analysis on Unethical Behavior and its Effects Possible functions and actions resulting in dishonest tactics and unethical behavior within accounting are obvious. These kinds of actions are usually in breach of the Sarbares Oxley Act of 2002 (SOX). An available article inside the university student library website is going to be examined to be able to determine possible
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Effect of Unethical Behavior Article Analysis ACC/291 This paper will analysis different situations that might lead to unethical practices and behavior in accounting. This paper will also examine the effects of the Sarbanes-Oxley Act of 2002 on financial statements. Accounting could be described as a type of instrument or dialectal put in order to provide information with regards to the financial position of an organization or business. This type of information is very important to investors
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Effects of Unethical Behavior Article Analysis ACC/291 July 8, 2012 Effects of Unethical Behavior Article Analysis Ethical practices and behaviors are different for everyone. In order to identify what might lead to unethical practices and behaviors in accounting, it is necessary to examine who is in control. Some individual may look at what can be done versus what are legally acceptable accounting principles and behaviors. The Sarbanes-Oxley Act of 2002 was enacted by United State
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Effect of Unethical Behavior Article Analysis Effect of Unethical Behavior Article Analysis There are many types of unethical behavior that can occur within organizations: forging financial information for personal gain, overstating assets or revenue, misstating expenses, and not including liabilities, to name a few. For these reasons and more, Congress enacted the Sarbanes-Oxley of 2002. Effect on Financial Statements The Sarbanes-Oxley Act, or SOX Act, is known mainly
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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 can be exhibited in many areas of our lives
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Effect of Unethical Behavior Article Analysis Accounting scandals grew increasingly in the early 2000’s. Due to these scandals Senator Paul Sarbanes and U.S. Representative Michael Oxley sponsored a bill that is now known as The Sarbanes-Oxley Act of 2002. They refer to this bill as the SOX act. The reason this law was passed was to help eliminate the fraudulent activity that was taking place within the companies that are traded publicly in the United States. The Sarbanes-Oxley Act of 2002 holds
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Effect of Unethical Behavior Article Analysis ACC/291-Principles of Accounting II June 24, 2013 Dale Wilson Having the correct accounting information in a financial statement gives a business owner certain advantages, such as information on financial transactions. If a business owner has information on when the sales or expenses are increasing or decreasing, he can make decisions that can benefit the company’s bottom line. The same cannot be true if he does not have accurate, or reliable
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Effect of Unethical Behavior Article Analysis ACC/291 December 23, 2012 Angela Giattino Effect of Unethical Behavior In late 2009 most of America, along with the company that I work for was suffering from an economic downturn. The future of company coming out of this unfortunate event was slim to none. Our company is a car prep company that prepares vehicles for brochure and commercial still and video shoots. Most of our clients are automotive manufacturers, and our
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Effect of Unethical Behavior Article Analysis Ethics: A consciousness of moral importance, a set of moral issues or aspects, the principles of conduct governing an individual or a group, a set of moral principles. To have ethical values is to have a deep sense of responsibility to self and to others (Webster’s Dictionary). When employees practice unethical behavior in the workplace, they are in a sense, displaying a lack of respect not only for themselves, but showing a great deal of disrespect
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Effect of Unethical Behavior Article Analysis Lindsey Davison August 26, 2013 Acc/291 Jonathan Gillen Effects on Financial Statements When the Sarbanes-Oxley Act was implemented in 2002, it impacted a lot of publically traded companies. There were many companies that were using unethical practices to boost their numbers and give the top dogs of the company’s loads of money. Companies like Enron, Tyco, and WorldCom were companies that most of us heard about getting hit the hardest once
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