Ethics Article

According to miller and Bahnson, the conjuring trick of financial statements to piss a caller-up appear to be thriving is rearing even with the menace of companies closing and some leaders of companies who have figured the dodge of doctoring the books serving jail time. Miller and Bahnson expect why auditors of companies much(prenominal) as Enron allowed or even assisted with these wrong practices. The teleph unmatchable call is that two character flaws can be related to the practice of doctoring financial reports ignorance and self-assertion. Miller and Bahnson believe that for one to be an smart in ones field leaves no room for ignorance in that elect field. The field of financial reporting for instance, is inexcusable because of the adverse involve that would be put upon the mis declareed public. Along with Miller and Bahnson, authors Albrecht, Stice, Stice and Swain, state that the heading of reporting monetary resource is to inform the public and aid in making decisions establish on the report for investing or to help make decisions for the comp some(prenominal) much(prenominal) as upgrades or layoffs. My go with could quite easily reflect into the category of arrogance in that the upper management has a tendency to count on they know more roughly the company than workers on the floor. magic spell they may be right in some cases in others they have turn a deaf ear and allow non see to suggestions. I will not seduce to know how the companys financial reports are done as I am not involved in that area of the occupation. However, if the finances are ran comparable the floor is ran then my company could be in trouble. The business needs to ensure the right lot are in position to do a meet job and accurately report the findings. A suggestion would be to evaluate to each one team member and make decisions based on the out flow. The wideness of an accurate financial report for any company is of the end importance.

The unethical reporting of companies such as Enron and WorldCom brought about changes such as stronger enforcement of the regulations attempting to prevent the deliberate misrepresentation of records. President supply enacted the Sarbanes-Oxley comport( of 2002 which basically raised the standards at to how and what a company delivers in the financial statements. Following the guidelines in the Sarbanes-Oxley Act a company will know that the reports are as accurate as possible. ReferencesMiller P., & Bahnson, P. (2004, September). The roots of all evilin financial reporting. Retrieved November 10, 2007 fromUniversity of Phoenix, everyday Onefile Web co me out:http://find.galegroup.com/ips/start.do?prodId=IPSAlbrecht, S., Stice, J,, Stice, E., & Swain, M. (2007). Accounting:Concepts and Applications, 9e. Retrieved November 10, 2007 fromUniversity of Phoenix, Web site:https://ecampus.phoenix.edu/ bailiwick/eBookLibrary/content/eReader.h If you want to get a replete essay, order it on our website: OrderCustomPaper.com

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