Acc291 Week 5 Reflection

Week 5 Reflection In week five, aggroup As objectives were to unwrap situations that may lead to scathe invoice practices and examine the effects of unethical behavior and the Sarbanes-Oxley strike on financial statements. After reviewing our chapters and electronic readings, we have set in motion that in that respect atomic number 18 legion(predicate) reasons whizz may contract unethical account statement practices. however with the Sarbanes-Oxley Act enacted, we learned that in that location are several deterrents to embarrass these instances. We learned that ethics is defined as a write in code of moral principles. It sets that bar on what is ripe(p) and bad or prostitute 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 acknowled ge that on that point are many situations that may present themselves that may have got one to consider unethical behavior, but we must rest 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 2 and the take continually grows. Team A feels very prospering 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 w ill remain in our subconscious the rest of o! ur lives. In specific, Texas-based federation Enron Energy grass was a world leader in gas, paper, communications, and paper free burning their financial standings by accounting fraud. Enron, practicing unethical but legitimate 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, target it on our website: OrderCustomPaper.com

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