Unethical Behavior

Imp execute of wrong air Article ACC 291 February 20, 2012 Linda Gandy Impact of Unethical Behavior Article The impact of fiscal crisis created by more a(prenominal) companies such as Enron has devoted reason to Congress to approach unethical practices of m any accountants in the world. The Ameri provide public no longer can trust accountants after losing life obstetrical delivery after making investitures in many companies that were account paradoxical statements in their finances. chairperson George Bush signed the Sarbanes-Oxley strike into righteousness in 2002 to hamper or try to avert any future dealing of any unethical nature (Dummines.com). The Sarbanes Oxley Act states that companies must order internal controls to counteract fraud, legal trauma doing and deceit by its auditors, chief operating officers, accountants, fiscal personnel and when reporting the financial statements to their companies. CEOs testament no longer say they were unaware of trivial financial statements. CEOs will be held trustworthy for the splice tos financials and also be penalized for any wrong doing. The act in general will prevent companies from reporting incorrect financial statements to the public and allow Americans to make investment endings from right financial statements instead of inaccurate financial statements.

These issues was address in thought 112. A node is now given the select of sharing their learning with other companies or retentivity it confidential. Today, a client must be given farm break that the firm may sha re his/her information. At this point, the! client has the prospect to say he/she does not want his/her information shared with anyone else. The political party must abide by the determination of the client if not the bon ton faces the penalties of breaking the law of the SOX (Knauf). judgment 112 states that when a lodge outsources a clients work, the company is still responsible for the content of the work that was contracted out. The company representation the client must make...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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