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Analysis, Behavior

The unethical practices & behavior in the current business accounting often goes unchecked, for the reason that actions directly affect management or perhaps executives, since they usually control this accounting hence the results. In the event someone believes their job might be in danger they may falsify thinks for people members of management. Mainly because it seems clear, falsifying or perhaps altering business documents including sales receipts, or tampering with reviews would be considered unethical techniques.

According to Anonymous Worker (n. g., “Among the most common unethical organization behaviors of employees decide to make long-distance calls on organization lines, replicating software for proper use at home, distort the number of several hours worked, or perhaps much more significant and illegitimate practices, such as embezzling funds from the organization, or distort business records.  (para. 1).

Amongst those situational exampleswhich incorporate embezzlement of funds by simply an accountant off their employers for financial gain have accountants getting corporate pressure from their client to record false data and having unrealistic aims and deadlines. An accountant might wish to work for a company even though a conflict of interest may possibly exist. In the event the accountant can be owed cash or has a significant share in a company, he or she is probably not the ideal individual to prepare certain companies’ financial statements.  (Jacobsen, 08, para. 10). The Sarbanes-Oxley Act of 2002 is usually legislation passed for the protection from the unethical behaviors. The Sarbanes-Oxley Act sets rules in position to hold management accountable for the accuracy of their organization’s monetary statements. The guidelines that are applied achieve harsh punishments and criminal fees and penalties for non-compliance.

The Sarbanes-Oxley Act truly does its far better ensure monetary statements become true and correct. “Section 406 of the Sarbanes-Oxley Act requires that publicly traded companies disclose their code of ethics for older financial officials. The Work was designed to encourage honest and ethical conduct, full and accurate disclosure in periodic reports, and compliance with applicable federal government rules and regulations.  (Jacobsen, 08, para. 10). Does the Sarbanes-Oxley Act totally guarantee ethically correct economic statements every time?

References

Jacobsen, R. (2008, January). Unethical Behavior At work. EzineArticles, (),. Retrieved coming from http://ezinearticles.com/?Unethical-Behavior-In-The-Workplace,id=954264

Private Employee. (n. d. ). Unethical behavior in the workplace. Gathered from http://www.anonymousemployee.com/csssite/sidelinks/unethical_behavior.php