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.
18,786,055 questions answered
Popular Conversations
Write the quadratic equation in general form. What is the value of b ...
Weegy: 8x + 3 = 7x - 2 8x - 7x = -2 - 3 x = -5 User: If (x + 1)(x - 3) = 5, then which of the following statements ...
12/18/2014 12:37:17 PM| 4 Answers
Which ordered pairs is the solution for the given system. x + 3y = ...
Weegy: A. (-1, 3) User: Solve the system, using substitution. 4x + y = 4 and y = 4 - 4x A. no ...
12/18/2014 11:09:21 AM| 3 Answers
Evaluate 0! + 1!.
Weegy: A number can not be divided by zero. The answer to 8/0 is undefined. User: Evaluate. 5!/5!2! Weegy: ...
12/18/2014 12:21:23 PM| 3 Answers
Which of the following does not provide evidence that continents ...
Weegy: B. The existence of glacial grooves does not provide evidence that continents move. User: The most ...
12/18/2014 12:29:01 PM| 3 Answers
Robert E. Lee
Weegy: Robert E. Lee was an American career military officer who is best known for having commanded the Confederate ...
12/18/2014 6:07:56 AM| 2 Answers
Stress is __________. A. positive or negative, depending on ...
Weegy: Stress is the body's automatic physical reaction to real or imagined forces. User: High blood pressure is a ...
12/18/2014 7:37:36 AM| 2 Answers
Which personal pronoun best completes the sentence? How is it used? ...
Weegy: The correct pronoun is: Us; predicate nominative. At first they wouldn't admit to the deed, but later they said, ...
12/18/2014 8:01:31 AM| 2 Answers
Find x if f(x) = 2x + 7 and f(x) = -1. -4 -3 5
Weegy: Substituting the x in the equation for -1 turns it into 2(-1) + 7, which equals -2 + 7 = 5. The answer is c. 5. ...
12/18/2014 9:14:15 AM| 2 Answers
Weegy Stuff
S
L
P
Points 1083 [Total 4927]| Ratings 0| Comments 1083| Invitations 0|Offline
S
L
Points 678 [Total 1369]| Ratings 1| Comments 668| Invitations 0|Offline
S
1
L
1
L
P
P
L
P
Points 641 [Total 14826]| Ratings 0| Comments 641| Invitations 0|Offline
S
Points 637 [Total 637]| Ratings 1| Comments 627| Invitations 0|Offline
S
P
C
L
P
L
1
Points 88 [Total 6407]| Ratings 1| Comments 78| Invitations 0|Offline
S
L
Points 64 [Total 1524]| Ratings 1| Comments 54| Invitations 0|Offline
S
1
L
L
Points 33 [Total 6700]| Ratings 0| Comments 33| Invitations 0|Offline
S
Points 30 [Total 30]| Ratings 0| Comments 0| Invitations 3|Offline
S
Points 23 [Total 29]| Ratings 0| Comments 23| Invitations 0|Offline
S
Points 22 [Total 22]| Ratings 0| Comments 2| Invitations 2|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.