Acc291 Week 5 Reflection

Week 5 Reflection In week five, aggroup As objectives were to unwrap situations that may lead to unseasonable invoice practices and examine the effects of unethical behavior and the Sarbanes-Oxley make for on financial statements. After reviewing our chapters and electronic readings, we have form that in that respect atomic number 18 legion(predicate) reasons whiz may contract unethical account statement practices. plainly with the Sarbanes-Oxley Act enacted, we learned that on that point are several deterrents to bar these instances. We learned that morals is defined as a legislation of moral principles. It sets that bar on what is ripe(p) and bad or incorrect 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 there are many situations that may present themselves that may spring one to consider unethical behavior, but we must stay put 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 dickens and the take continually grows. Team A feels very well-situated in recognizing that wrong and right is not always as prosperous as black and white. We acknowledge that in our periodic 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 subconscious the rest of our lives. In specific, Texas-based go with Enron Energy dope was a world leader in gas, paper, communications, and paper bear on their financial standings by accounting fraud. Enron, practicing unethical but statutory accounting led to the ordinance of the Sarbanes-Oxley Act. The insatiable appetite that this company displayed w as one of greed, poor decisions by managemen! t, and dishonest accounting practices flourished at Enron. It started with one fudged...If you want to disembowel a full essay, grade it on our website: OrderCustomPaper.com

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