Unethical Acts in Accounting

Unethical makes in Accounting ACC291 Title of Paper Since the enforcement of the Sarbanes-Oxley Act in 2002, in that respect have been opponents of the act claiming that it was to a great extent of a cost-beargonr, rather than a compliance tool. However, I hypothecate that any proper jurisprudence that aids in the bar of scandal, skulker and down-right illegal write up practices- is worth the currency spent in my book. This nation has know its fair donation of unethical accounting practices- Enron, Worldcom, and Adelphia to name a few. Some in the conveyplace may look at these high-profile cases of accounting charade and take that those situations argon unique and that those course or levels of fraud would besides happen at the study corporation or prospect 500 levels; but that is only when not the case. Sm every last(predicate) in on the whole to mid-size businesses have to safeguard their assets from scandal as well. An article written in t he Journal of the Connecticut hassle and Industry Association (2007) mentioned that small and midsize companies suffer a greater share of fraud losses than do the largest companies. There are all kinds of situations where accounting fraud can occur.

If a fellowship has an accounting department with only a few accountants and they all do the same duties, but no one is consorting the course of the other, than you have I environment where fraud may be possible. If a cashier was responsible for closing-out their own drawer at the end of their shift, and they was responsible for counting their own money and receip ts, without having instinct like a manager! or another employee check behind them, then this could be a situation where fraud could occur. References CBIA News. May, 2007. Journal of the Connecticut Business and Industries. Retrieved on June 16, 2012 from http://www.cbia.com/cbianews/2007/05/200705SB_PreventFraud.htmIf you fate to recover a full essay, order it on our website: OrderCustomPaper.com

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