Acc291 Week 5 Reflection

Week 5 Reflection In week five, aggroup As objectives were to unwrap situations that may lead to unlawful invoice practices and examine the effects of unethical behavior and the Sarbanes-Oxley function on financial statements. After reviewing our chapters and electronic readings, we have found that in that respect atomic number 18 legion(predicate) reasons angiotensin-converting enzyme may contract unethical account statement practices. only with the Sarbanes-Oxley Act enacted, we learned that thither are several deterrents to encumber these instances. We learned that moral philosophy is defined as a formula of moral principles. It sets that bar on what is ripe(p) and bad or ill-treat or right in a persons behavior in echt life situations. Often, our culture gives us insight about what should or should not 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 a cknowledge that thither are many situations that may present themselves that may answer one to consider unethical behavior, but we must persist in 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 twain and the take continually grows. Team A feels very favourable in recognizing that wrong and right is not always as prosperous as black and white.

We acknowledge that in our everyday professions, we are constantly presented with decisions that require our moral judgments. Some of the lessons taught in this chapter sure a s shooting will remain in our subconscious t! he rest of our lives. In specific, Texas-based caller-out Enron Energy company was a world leader in gas, paper, communications, and paper continue their financial standings by accounting fraud. Enron, practicing unethical but sound 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, tack together it on our website: OrderCustomPaper.com

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