acc_291_effect_of_unethical_behavior_article_analysis

Mar 29th, 2015
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acc_291_effect_of_unethical_behavior_article_analysisacc_291_effect_of_unethical_behavior_article_analysisacc_291_effect_of_unethical_behavior_article_analysisacc_291_effect_of_unethical_behavior_article_analysisacc_291_effect_of_unethical_behavior_article_analysisacc_291_effect_of_unethical_behavior_article_analysisacc_291_effect_of_unethical_behavior_article_analysisacc_291_effect_of_unethical_behavior_article_analysisacc_291_effect_of_unethical_behavior_article_analysis

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ACC 291 Effect of Behavior ArticleEffect of Behavior ArticleACC/291Effect of Unethical Behavior Article AnalysisThe Sarbanes-Oxley act was created in 2002 and was put in place because their needed to be some guidelines in accounting to prevent fraudulent activities from occurring. In the 1990's businesses would create false financial statements in hopes to raise their stock prices to get more investors. The most notable company to crash was Enron, followed by Global Crossing which is the parent of MCI, and Xerox; later, almost one thousand publicly traded companies restated their financial statements. This resulted in almost $6 trillion of stock market value disappearing (Cunningham, 2003). I decided to do more research to see how many scandals such as these have occurred over the years before the act was created. Phar-Mor Scandal was a popular chain of drugstores in the 90's. They

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