Effect of Unethical Behavior Article Analysis

Unethical pr twistices and conduct argon common in like a shots world. There atomic number 18 variations of situations known as wrong practices and behavior in the report world. Misleading financial entropy for personal gain, understating expenses, and mis use of finances be 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 distribute 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 ill-famed within American level (Finance Laws, 2011). Enron Corporation reported sustainable financial stability by the use of accounting snake oil rumors, bribery, and irregular accounting procedures. It was not until Enron Corporations salary and revenues from controlled limited partnerships were reve aled that the Enron scandal plummeted. Enron Corporations debts and losings were not reported on the financial statements. Enron Corporation misrepresented earnings, manufactured fraudulent nothing 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 restrain accounting in the corporate business world much transparent. It is under this act that the Financial Accounting Standards Board mandates corporations to use Generally veritable Accounting Principles when reporting to shareholders. The rules that Sarbanes-Ox! ley Act 2002 created are enforced by the Securities and Exchange Commission. If these rules are not followed wretched prosecution can be enforced. Corporations financial statements are held to regulate 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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