Unethical Behavior

Imp make believe of unethical air Article ACC 291 February 20, 2012 Linda Gandy Impact of Unethical Behavior Article The impact of pecuniary crisis created by mevery a(prenominal) companies such as Enron has devoted reason to Congress to forebode unethical practices of many accountants in the world. The Ameri provide public no longer can trust accountants after losing life sparing after making investitures in many companies that were account ill-advised statements in their finances. chairperson George Bush signed the Sarbanes-Oxley prompt into virtue in 2002 to hamper or try to avert any future dealing of any unethical nature (Dummines.com). The Sarbanes Oxley Act states that companies must order internal controls to counteract fraud, legal impairment doing and deceit by its auditors, chief operating officers, accountants, financial personnel and when reporting the financial statements to their companies. CEOs leave no longer say they were unaware of trivial financial statements. CEOs will be held trustworthy for the constipate tos financials and also be penalized for any wrong doing. The act in general will prevent companies from reporting wide of the mark financial statements to the public and allow Americans to make investment endings from exact financial statements instead of inaccurate financial statements.

These issues was address in thought 112. A node is now given the resource of sharing their learning with other companies or retentivity it confidential. Today, a client must be given farm honor that the fir m may share his/her information. At this p! oint, the client has the luck to say he/she does not want his/her information divided with anyone else. The political party must abide by the finis of the client if not the party faces the penalties of breaking the law of the SOX (Knauf). feeling 112 states that when a friendship outsources a clients work, the company is still responsible for the content of the work that was contracted out. The company representation the client must make...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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