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Five Accounting Unethical Issues Essay

Paper type: Essay Pages: 1 (218 words)

Views: 465

Unethical Methods are performed to manipulate the financial records of a bussiness firm. And following are the few methods:
Legal : Misuse of law in case of compensation
Statistics : Exaggerating revenue and profits to mislead/confuse Tax : Avoiding to pay actual tax
Transperency : Trying to counterfeit/falsifying in case of investigation Exploitation : Misuing funds

These issues arises due to competition between the bussiness firms to raise their numbers. Greed to have more money and violate the law. Opportunity makes thiefs when offered the bribery.

Individuals who work for a giant corporate company, fails to think out of the box when considering rest of the world. Performing unethical behaviour and claimimg it as ignorance, which is not true.

Transparent code of ethic which should be professinally implemented in the firm, and as well as among the employees. Maintaining healthy competition betwwen the firms. Publishing actual financial data. Responsible to pay tax. Awarding the apraisal and rewards for ethical behaviour. Legally there should be strict laws for unethical behaviour.

Kimmel, P.D., Weygandt, J.J. & Kieso, D.E(4 Ed) Financial accounting: Tools for business decision making

Rajeev, L.L. (2012). Ethical and Unethical Business Practices. Article of Buzzle, Business Ethics. Retrived from http://www.buzzle.com/articles/ethical-and-unethical-business-practices.html
Oseni, Abubakar Idris. (2012). Research Journal of Finance and Accounting ISSN 2222-2847 (Online) Vol 2. Retrived from http://www.iiste.org/Journals/index.php/RJFA/article/view/188

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Five Accounting Unethical Issues. (2016, Dec 13). Retrieved from https://studymoose.com/five-accounting-unethical-issues-essay

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