a quick scan of the business news will normally result in reports of unethical b

Question

a quick scan of the business news will normally result in reports of unethical business behavior. To prove this point, let's start with a recent review of the news for U.S. stories about fraud and other unethical behavior in business. You are locating a recent article about a business that is in the news for accounting/financial fraud or other unethical behavior in their business.

Just write a summary of what the business did/get caught from an accountant point of view. Once you have located an article share it with the class by developing a summary of the important information. Make sure that you give credit to your source

Explanation / Answer

In finance there may be unethical behaviour by price fixing or illegal agreement between industry competitor, from point view.accounting is the profession tat monitor and control the financial information with in the organisation. The role of accountant in term of good corporate governance is not important only for insider of the organisation but also important for outsiders. In accounting practice financial information is only focusing on budgeting, forecasting and making decisions and counting information which is the main event in which ethics is applied. While making decisions for budeting involves more flaws when the code of conduct are not followed, due to which system is disturbed and results for both internal and external decisions become collapse. Ethics are followed to move the company toward profit and to ensure the interest of public having a complete honesty.

In business normally the management hides the key information related to accountant such that sometime secret profit are made by company. therefore it is really difficult to display the full detail of transaction by accountant.

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