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 345 days ago|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.
17,968,342 questions answered
Popular Conversations
How is the infinitive phrase used in the sentence? Morning is the ...
Weegy: To go to college is my greatest ambition. The infinitive phrase "to go to college" is used as noun as subject. ...
10/24/2014 11:04:05 AM| 5 Answers
Brandon's huge collection of paper cranes come from his origami ...
Weegy: The correct sentence is: Brandon's huge collection of paper cranes comes from his origami hobby. User: ...
10/24/2014 7:48:30 AM| 3 Answers
William H. Crawford represented which ...
10/24/2014 7:25:41 AM| 2 Answers
Is the sentence compound, or is it simple with a compound verb? You ...
Weegy: Verb is a word (part of speech) that in syntax conveys an action (bring, read, walk, run, learn), an occurrence ...
10/24/2014 7:51:29 AM| 2 Answers
Which words are the first and last words of the participial phrase in ...
Weegy: Strapped into the roller coaster, I screamed in fear through the whole ride. The first and last words of the ...
10/24/2014 10:27:22 AM| 2 Answers
Weegy Stuff
S
L
1
1
1
1
L
1
L
Points 2605 [Total 14980]| Ratings 0| Comments 2605| Invitations 0|Offline
S
L
1
L
P
C
1
P
C
1
L
Points 1628 [Total 11109]| Ratings 4| Comments 1588| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 896 [Total 13125]| Ratings 0| Comments 896| Invitations 0|Offline
S
L
Points 605 [Total 2004]| Ratings 0| Comments 605| Invitations 0|Offline
S
1
L
L
Points 505 [Total 6299]| Ratings 3| Comments 475| Invitations 0|Offline
S
Points 482 [Total 482]| Ratings 0| Comments 452| Invitations 3|Offline
S
Points 454 [Total 455]| Ratings 6| Comments 394| Invitations 0|Offline
S
Points 277 [Total 277]| Ratings 1| Comments 267| Invitations 0|Offline
S
P
C
L
P
L
1
Points 48 [Total 6282]| Ratings 0| Comments 48| Invitations 0|Offline
S
L
Points 34 [Total 3572]| Ratings 2| Comments 14| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.