Bernard Mitchell Jr. Forensic Accounting Prof. Steffel May 23, 2013 The Forensic Accountant What is a forensic accountant? There are many attributes that are needed to be a forensic accountant. Bolgna and Linquist (1995) defined forensic accounting as the application of financial skills and an investigative mentality to
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than outstanding ethics and social responsibility, examples include Enron, ImClone, and Wal-Mart. Unethical behavior can be found in all aspects of a business, which may include insider trading, employee relations and unethical accounting practices. One issue that is surrounded by ethics and morals is employee hiring. When a company acquires new employees they need to make sure that they are facilitating the ethical behavior which should be outlined in their values and mission statements.
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deterrent to management and employees engaging in unethical business transactions and decision-making. Schein (1985) posits that the “organization’s culture is a cognitive framework, consisting of attitudes, values, behavioral norms, and expectations shared by organization members” (as cited in Brooks & Dunn, 2012, p. 254). Organizational culture can positively or negatively affect employees’ behavior. Where there is no focus of management on ethical behavior, employees may get the wrong message about
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only does Gini disagree with that sentiment, he believes the ethics of leaders to be critical for the whole corporation. While each individual has their own opinions and their own free will, Gini describes a trickledown relationship of ethical behavior from executive leadership down. Management is definitely responsible for setting the ethical tone and atmosphere of an organization. Rather than approach the subject on purely theoretical terms, it may be beneficial to examine a real application
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Accounting ethics is primarily a field of applied ethics and is part ofbusiness ethics and human ethics, the study of moral values and judgments as they apply to accountancy. It is an example of professional ethics. Accounting introduced by Luca Pacioli, and later expanded by government groups, professional organizations, and independent companies. Ethics are taught in accounting courses at higher education institutions as well as by companies training accountants and auditors. Due to the diverse
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history of accounting occurred due to numerous scandals. The results of these scandals from companies lead to terrifying actions, which included the downfall of one of the largest accounting corporations, Arthur Anderson, for their help with Enron. Companies such as Enron, Tyco, and WorldCom have led to the passing of the Sarbanes-Oxley Act (SOX) due to their financial reporting scandals (Forbes, 2013). With the passing of SOX in 2002, the falsification of financial statements by companies became a criminal
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Internal Controls XACC/280 April 8, 2013 There are rules that have to be followed when documenting financial information in accounting. Internal controls are methods used by a company to make sure their finances and accounting information meet the accurate level of integrity. Internal controls operate well when they are used in multiple levels of the company and also in different departments. A lot of companies have standard practices when it comes to financial integrity. Internal controls
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use of good judgment on that day! I agree with the chapter when the author states that rules "state only necessary, not sufficient conditions." This is most defiantly the case in all aspects of life. Rules cannot possibly account for all cases. Enron in the beginning kept most of the "rules" in a sense. Fastow noted that a independent company needed 3% outside equity, so he enlisted Kopper's partner. This satisfied the "rule," but clearly was not ethical. The author also states that "we must
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Mor Inc., the Waste Management scandal and Enron. Sarbanes-Oxley (SOX) was created after several major scandals that shook the world. These scandals made it clear that preventative measures needed to be taken in order to prevent any future scandals. Too many people/companies now believed that they were able to get away with fraud and it was acceptable as long as they did not get caught. This gave other employees the idea that this was acceptable behavior and needed to be stopped because it was affecting
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reasoning associated with them translate into behavior that are considered important aspects of ethical decision making in organizations. For example, the family background and spiritual values of managers provide principles by which they carry out business. Moreover, people go through stages or levels of moral development that affect their ability to translate values into behavior. There are distinct levels of moral development that affect behavior. The first level, as seen in children, is a
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