Question and answer
What forces exist that encourage unethical accounting practices? What justification do you think accountants use for their unethical behavior? Why do you think efforts to change this have not been
enacted? How might managers prevent unethical accounting practices in the workplace
There is absolutely no room for unethical behavior in the professional world. This statement is exceptionally important for publicly traded companies and their accounting practices. [ From financial officers to accountants to auditors, and so on, there is no greater impact on stakeholders when these persons perform unethically. Unfortunately, there are multiple reasons for which one might
consider acting unethically when preparing financial information. The most obvious reason may be quite simply, for self-interest-greed. An accountant may embezzle funds from his or her employer for financial gain. Or perhaps the CFO of a publicly traded corporation may prepare financial statements to appear as though the company is performing much better than it actually is, because he or she wants their stock portfolio to increase. Another example for why unethical behavior might exist is from corporate pressure. An accountant may feel pressured from his or her client to report false information. Or maybe a CFO is experiencing demand for improvements from the board of directors, the company's president, owners, or stockholders; or he or she may be in fear of losing their job. An accountant may decide to work for a company even though a conflict of interest may exist. If the accountant is owed money or has a significant stake in a firm, he or she may not be the ideal individual to prepare certain companies' financial statements. Finally, and perhaps the most common form of unethical behavior, is the failure for an accountant to conduct an in-depth analysis when preparing and revising financial information. There are many individuals who prefer to take short-cuts in life; and frankly, this simply is not acceptable when expected to perform in a professional manor. ]
Expert answered|balongskypas|Points 60|
Question
Asked 11/13/2013 10:24:13 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
19,706,841 questions answered
Popular Conversations
Given: 3x + y = 1. Solve for y.
Weegy: 3x + y = 1; solve for y; y = 1 - 3x User: Given: x + 2y = -6. Solve for y. User: Write the following ...
2/27/2015 1:03:09 PM| 4 Answers
What is the reciprocal of 3/8? User: what is the reciprocal of 4/15 ...
Weegy: The reciprocal of 4 is 1/4. User: what is the reciprocal 4 2/3 Weegy: The reciprocal of 4 is 1/4. ...
2/27/2015 12:39:39 PM| 3 Answers
Find the product. (3p^4)^3 · (p^2)^7
Weegy: The product of (3p^4)^3 * (p^2)^7 is =27p^26 Solution: = 3^3 (p^4)^3 * (p^2)^7 = 27 p^12 * p^14 =27p^26 ...
2/27/2015 1:38:21 PM| 3 Answers
If a triangle is a right triangle, then the other two angles must be ...
Weegy: If a triangle is a right triangle, then the other two angles must be acute. This is TRUE. User: The sum of ...
2/27/2015 7:37:48 AM| 2 Answers
Tides on Earth are caused primarily by
2/27/2015 10:06:40 AM| 2 Answers
The Wife of Bath can best be described ...
2/27/2015 10:22:33 AM| 2 Answers
Weegy Stuff
S
1
L
1
L
P
P
L
P
P
P
Points 1120 [Total 16902]| Ratings 0| Comments 1120| Invitations 0|Offline
S
L
P
L
P
P
Points 1111 [Total 7886]| Ratings 0| Comments 1111| Invitations 0|Offline
S
P
C
L
P
L
1
Points 627 [Total 7307]| Ratings 4| Comments 587| Invitations 0|Online
S
Points 572 [Total 911]| Ratings 5| Comments 522| Invitations 0|Offline
S
1
L
L
Points 435 [Total 7501]| Ratings 1| Comments 425| Invitations 0|Offline
S
Points 223 [Total 368]| Ratings 1| Comments 213| Invitations 0|Offline
S
Points 149 [Total 169]| Ratings 0| Comments 149| Invitations 0|Offline
S
Points 91 [Total 91]| Ratings 0| Comments 91| Invitations 0|Offline
S
Points 47 [Total 47]| Ratings 0| Comments 37| Invitations 1|Offline
S
1
L
1
Points 31 [Total 3441]| Ratings 3| Comments 1| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.