Business Finance
Ethics in Accounting

Question Description

  • Identify situations that might lead to unethical practices and behavior in accounting. Do you think the Sarbanes-Oxley Act has made a difference in the ethical behavior of companies regarding their financial accounting? Why or why not?

Final Answer

One identifiable situation is when organizations earn more than excepted, yet, unethically will not report their actual earnings. This is were Sarbanes-Oxley Act compliance plays its role within the auditing of financial records. Has it made a difference, yes it has as now it is a mandated statue that all organization preform auditing practices based on the SOX content and historical incidents, such as Enron's financial scandl.

HKPJ (6237)
Carnegie Mellon University

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