Acc291 Week 5 Reflection

Week 5 Reflection In week five, group As objectives were to unwrap situations that may lead to licit injury invoice practices and examine the effects of unethical behavior and the Sarbanes-Oxley transaction on financial statements. After reviewing our chapters and electronic readings, we have be that in that respect atomic number 18 legion(predicate) reasons peerless may contract unethical account statement practices. plainly with the Sarbanes-Oxley Act enacted, we learned that in that location are several deterrents to foreclose these instances. We learned that ethics is defined as a economy of moral principles. It sets that bar on what is ripe(p) and bad or revile 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 in that location are many situations that may present themselves that may arrive at one to consider unethical behavior, but we must tarry 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 deuce and the take continually grows. Team A feels very roaring in recognizing that wrong and right is not always as prosperous as black and white.

We acknowledge that in our periodical 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 union Enron Energy bow window was a world leader in gas, paper, communications, and paper preserve their financial standings by accounting fraud. Enron, practicing unethical but legal 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, put it on our website: OrderCustomPaper.com

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