Effect of Unethical Behavior Article Analysis

Unethical pr twistices and air argon common in like a shots world. There ar variations of situations known as wrong practices and behavior in the account statement world. Misleading financial entropy for personal gain, understating expenses, and mis occasion of bills are 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 mete out 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 disreputable within American level (Finance Laws, 2011). Enron Corporation reported sustainable financial stability by the use of accounting fraud rumors, bribery, and irregular accounting procedures. It was not until Enron Corporations sugar and revenues from controlled limited partnerships were revealed t hat the Enron scandal plummeted. Enron Corporations debts and losings were not reported on the financial statements. Enron Corporation misrepresented earnings, manufactured fraudulent talent 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 come accounting in the corporate business world to a greater extent transparent. It is under this act that the Financial Accounting Standards Board mandates corporations to use Generally veritable Accounting Principles when report ing to shareholders. The rules that Sarbanes! -Oxley Act 2002 created are enforced by the Securities and Exchange Commission. If these rules are not followed sorry prosecution can be enforced. Corporations financial statements are held to order 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

If you want to get a full essay, visit our page: write my paper