Tuesday, March 5, 2019

Effect of Unethical Behavior Article Analysis

The wrong practices & behavior in todays origin accounting often goes unchecked, because the actions directly affect management or executives, since they usually control this accounting hence the results. If someone thinks their job might be in jeopardy they may falsify thinks for these members of management. As it seems obvious, misrepresentation or altering business documents such as sales receipts, or tamper with themes would be considered unethical practices. According to Anonymous Employee (n. d. , Among the most common unethical business behaviors of employees are making long-distance calls on business lines, duplicating software package for use at home, falsifying the number of hours lended, or much more than serious and illegal practices, such as embezzling money from the business, or falsifying business records. (para. 1).Among those situational exampleswhich include embezzlement of funds by an accountant from their employers for pecuniary gain also include accoun tants receiving corporate pressure from their client to report false information and having unrealistic objectives and deadlines. An accountant may decide to work for a company even though a conflict of pursual may exist. If the accountant is owed money or has a significant wager in a firm, he or she may not be the ideal individual to prepare certain companies financial statements. (Jacobsen, 2008, para. 10). The Sarbanes-Oxley Act of 2002 is statute enacted for the protection from the unethical behaviors. The Sarbanes-Oxley Act puts rules in place to hold executives accountable for the accuracy of their organizations financial statements. The rules that are put in place achieve harsher punishments and criminal penalties for non-compliance.The Sarbanes-Oxley Act does its best to ensure financial statements be true and correct. Section 406 of the Sarbanes-Oxley Act requires that publicly traded companies disclose their mark of ethics for senior financial officers. The Act was d esigned to promote sincere and ethical conduct full and accurate disclosure in casual reports and compliance with applicable government rules and regulations. (Jacobsen, 2008, para. 10). Does the Sarbanes-Oxley Act completely guarantee ethically correct financial statements each and every time?ReferencesJacobsen, R. (2008, January). Unethical air In The Workplace. EzineArticles, (), . Retrieved from http//ezinearticles.com/?Unethical-Behavior-In-The-Workplaceid=954264Anonymous Employee.(n.d.).Unethical behavior in the workplace. Retrieved from http//www.anonymousemployee.com/csssite/sidelinks/unethical_behavior.php

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