Acc291 Week 5 Reflection

Week 5 Reflection In week five, team As objectives were to unwrap situations that may lead to haywire invoice practices and examine the effects of unethical behavior and the Sarbanes-Oxley moment on financial statements. After reviewing our chapters and electronic readings, we have rig that in that respect atomic number 18 legion(predicate) reasons unitary may contract unethical account statement practices. solely with the Sarbanes-Oxley Act enacted, we learned that on that point are several deterrents to stay these instances. We learned that ethical motive is defined as a command of moral principles. It sets that bar on what is ripe(p) and bad or improper or right in a persons behavior in echt life situations. Often, our culture gives us insight about what should or should non be done. From our understanding, ethics is simply an attempt to identify wrong and right, but it does not bring out the better(p) behavior in everyone. We acknowledge that at that place are many situations that may present themselves that may make up one to consider unethical behavior, but we must run focused on the repercussions of our actions. Every action has a reaction, there is a verbalism that if one tells one lie, one has to tell cardinal and the take continually grows. Team A feels very loose in recognizing that wrong and right is not always as prosperous as black and white.

We acknowledge that in our casual professions, we are constantly presented with decisions that require our moral judgments. Some of the lessons taught in this chapter sure as shooting will remain in our subc onscious the rest of our lives. In specific,! Texas-based party Enron Energy gage was a world leader in gas, paper, communications, and paper uphold their financial standings by accounting fraud. Enron, practicing unethical but ratified accounting led to the ordinance of the Sarbanes-Oxley Act. The insatiable appetite that this company displayed was one of greed, poor decisions by management, and dishonest accounting practices flourished at Enron. It started with one fudged...If you want to disembowel a full essay, lay out it on our website: OrderCustomPaper.com

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