Unethical Acts in Accounting

Unethical Acts in Accounting ACC291 denomination of Paper Since the enforcement of the Sarbanes-Oxley Act in 2002, in that respect have been opp iodinnts of the execution claiming that it was more of a cost-beargonr, quite than a compliance tool. However, I say that any right-hand(a) jurisprudence that aids in the prevention of turd, skulker and down-right irregular write up practices- is worth the property spent in my book. This nation has know its plumb share of unethical account practices- Enron, Worldcom, and Adelphia to name a a couple of(prenominal). roughly in the conveyplace whitethorn prospect at these high-profile cases of accountancy wile and think that those concomitants are rum and that those course or levels of drool would only happen at the study corporation or fortune 500 levels; barely that is only when not the case. Sm each(prenominal) in all to mid-size businesses have to safeguard their assets from scandal as well. An article indite in the Journal of the computed tomography problem and Industry link (2007) mentioned that small and midsize companies suffer a greater share of drool losses than do the largest companies. at that place are all kinds of situations where accounting fraud can occur.

If a friendship has an accounting department with only a few accountants and they all do the kindred duties, but no one is checking the work of the other, than you have I environment where fraud may be possible. If a destroy was obligated for closing-out their own drawer at the end of their shift, and they was responsible for counting their own money and receipts, without having soul like a manager or another(prenominal) employee check behind them, and so this could be a situation where fraud could occur. References CBIA News. May, 2007. Journal of the computerized tomography Business and Industries. Retrieved on June 16, 2012 from http://www.cbia.com/cbianews/2007/05/200705SB_PreventFraud.htmIf you wad to get a entire essay, order it on our website: Ordercustompaper.com

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