You have new items in your feed. Click to view.
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.
27,044,807 questions answered
Popular Conversations
Select the correct difference. 5d 2 + 4d - 3 less 2d 2 - 3d + 4
Weegy: (5d^2 + 4d - 3) - (3d^2 - 2d + 4) = (5d^2 - 3d^2) + (4d + 2d) + ( - 3+ -4) = 2d^2 + 6d - 7 User: If ...
2/26/2017 3:51:53 PM| 3 Answers
The Romans: made improvements to surgical instruments. 2) built ...
Weegy: In the late 1860s, the development of anesthetics allowed surgeons to take more time with operations.
2/26/2017 3:41:44 PM| 2 Answers
Evaluate (-3 + 5)0 User: Evaluate x1 - x-1 + x0 for x = 2. ...
Weegy: 0.514 written as a power of 10 is 514 ? 10^-3 User: The scientific notation 2 x 102 has what value? ...
2/26/2017 4:37:24 PM| 2 Answers
Helper T cells are _____ blood cells that activate your body's immune ...
Weegy: Helper T cells are WHITE blood cells that activate your body's immune response. User: Pelvic inflammatory ...
2/26/2017 11:44:59 PM| 2 Answers
Weegy Stuff
S
P
P
L
Points 482 [Total 1251] Ratings 2 Comments 462 Invitations 0 Offline
S
P
P
L
P
P
Points 441 [Total 2415] Ratings 1 Comments 431 Invitations 0 Offline
S
P
P
L
P
Points 226 [Total 1440] Ratings 0 Comments 226 Invitations 0 Offline
S
Points 30 [Total 30] Ratings 3 Comments 0 Invitations 0 Offline
S
Points 24 [Total 24] Ratings 0 Comments 14 Invitations 1 Offline
S
Points 15 [Total 15] Ratings 1 Comments 5 Invitations 0 Offline
S
Points 12 [Total 112] Ratings 1 Comments 2 Invitations 0 Offline
S
Points 12 [Total 22] Ratings 1 Comments 2 Invitations 0 Offline
S
Points 5 [Total 5] Ratings 0 Comments 5 Invitations 0 Offline
S
Points 4 [Total 4] Ratings 0 Comments 4 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.