Business Ethics

Accountants are responsible for verifying that the financial records of a company are both accurate and truthful. Accountants are held to a high standard of ethics when performing audits and other...

The conventional wisdom is that it was "innovative" accounting practices and their consequences that started the tide of losses that brought the energy giant down. Enron collapsed not so much...

The collapse of Enron resulted in black marks against the accounting profession and several reforms to change accounting standards. It is hoped that these changes will eliminate such unethical...

As fraud and scandal becomes more prevalent in U.S. and international marketplaces, more accountants and financially responsible company managers are taking advantage of forensic accounting...

Frequently lampooned as humorless automatons in popular culture, members of the accounting profession have never been held in lower esteem. Following a raft of scandals that have nearly destroyed...

Accounting practices and standards are specific and highly regulated to allow uniform compliance and unilateral codes of proper etiquette and form within accounting law. From the collation to the...

The Public Company Accounting Oversight Board (PCAOB) was created by the U.S. Congress through the Sarbanes-Oxley Act of 2002 to improve the accuracy and reliability of publicly traded companies'...

Though some of the rules of accounting may seem like common sense, it's a good idea to have them formalized and written down anyway. Others are very technical and not at all intuitive to the...

Proper ethics and ethical behavior are extremely important in accounting for a variety of reasons. To begin with, accountants are often privy to sensitive information regarding their clients,...

A business cannot survive without the observation of accounting ethics, particularly if that business is publicly traded and reliant on the evaluation of creditors and investors. Essentially,...