Accounting is a career field where high ethics and morals are important character traits for individuals. Poor accounting ethics can lead companies into bankruptcy from improperly reported financial information.
Accountants with poor ethical standards may conduct fraudulent activities, such as overbilling clients or delaying vendor payments. Most fraud cases involve hiding cash for internal purposes.
Accountants may embezzle from their employers when given too much responsibility and little oversight. These situations give accountants more control than necessary and the ability to mislead their employers on financial information.
Some companies employ accountants who have the ability to manipulate financial transactions into positive company results. These ethical situations were seen in the accounting departments of Enron and Worldcom.
Some accountants create illegal tax shelters to hide company income. Companies use these shelters to avoid paying government income tax.
Poor accounting ethics can cause great personal damage in addition to business problems. Accountants found guilty of manipulating financial information are sent to jail, creating difficult situations for the accountant's family members.
The History of Unethical Accounting Behavior
Unethical accounting behavior in the United States has been in the public spotlight since ... A conflict of interest is a situation...
Ethical Problems With Management Accountants
Management accountants work inside a company, handling all internal accounting data. These individual often allocate production costs, create management reports and ...
Signs of Unethical Business Behavior
The History of Unethical Accounting Behavior. Unethical accounting behavior in the United States has been in the public spotlight since the 1980s.
Ethical Issues of Financial Reporting
Accounting & Ethical Issues in Business; What Happens When a Company Is Not Ethical When Reporting Financial Statements? Company Job Boards &...
What Are the Issues Facing Forensic Accounting?
Like every area in the business field, forensic accounting suffered from the economic crisis of 2008. Faith in the audits that are...
How to Check for Fraud and Ethical Issues in Accounting
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Contemporary Issues in Management Accounting
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Ethical Responsibilities of Accountants
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