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.
25,782,105 questions answered
Popular Conversations
Simplify 15 + 6(x + 1).
Weegy: The answer is x^2 User: Simplify 5(R + 2) - 6. User: Simplify 5(R + 2) - 6. User: 5(R + 2) - 6. User: ...
7/24/2016 12:56:33 PM| 4 Answers
Where is carbon taken in by plants during photosynthesis stored?
Weegy: Photosynthesis is a process in which green plants use energy from the sun to transform water, carbon dioxide, ...
7/24/2016 5:39:13 AM| 2 Answers
What is the major irony in the poem “Ballad of Birmingham” by Dudley ...
Weegy: Fighting for freedom has consequences. [ is the theme of Ballad of Birmingham? by Dudley Randall ...
7/24/2016 8:13:44 AM| 2 Answers
Ho Chi Minh compared his military to a(n) A. wasp. B. ...
Weegy: Ho Chi Minh compared his military to a: TIGER. User: Which of the following occurred after coalition ...
7/24/2016 9:57:24 AM| 2 Answers
Simplify 5x + 2x + 7x
Weegy: 5x + 2x + 7x = 7x + 7x =14x User: Simplify -10x - 2x + 3x. Weegy: -10x - 2x + 3x = -12x + 3x = -9x ...
7/24/2016 12:50:20 PM| 2 Answers
Weegy Stuff
S
P
L
Points 525 [Total 1275] Ratings 1 Comments 515 Invitations 0 Offline
S
Points 206 [Total 627] Ratings 1 Comments 196 Invitations 0 Offline
S
P
Points 203 [Total 462] Ratings 1 Comments 193 Invitations 0 Offline
S
L
P
P
P
Points 167 [Total 2915] Ratings 0 Comments 167 Invitations 0 Offline
S
Points 88 [Total 227] Ratings 0 Comments 88 Invitations 0 Offline
S
L
P
P
P
Points 57 [Total 3761] Ratings 0 Comments 57 Invitations 0 Offline
S
Points 11 [Total 61] Ratings 1 Comments 1 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
P
R
Points 8 [Total 12606] Ratings 0 Comments 8 Invitations 0 Offline
S
L
Points 3 [Total 1766] Ratings 0 Comments 3 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.