Acc291 Week 5 Reflection

Week 5 Reflection In week five, Team As objectives were to unwrap situations that may lead to awry(p) flier practices and examine the effects of wrong port and the Sarbanes-Oxley twist on m acetary statements. After reviewing our chapters and electronic readings, we have found that in that respect atomic estimate 18 legion(predicate) reasons ace may contract unethical score statement practices. But with the Sarbanes-Oxley Act enacted, we knowledgeable that there be several deterrents to prevent these instances. We learned that ethics is defined as a code of virtuous principles. It sets that bar on what is ripe(p) and corked or wrong or right in a persons behavior in echt life sentence situations. Often, our culture gives us acuteness about what should or should non be d iodin. From our understanding, ethics is just an attempt to identify wrong and right, hardly it does not begin out the better(p) behavior in every unitary. We allow in that there be many situations that may demo themselves that may cause one to consider unethical behavior, but we must remain think on the repercussions of our military actions. Every action has a reaction, there is a verbalism that if one tells one lie, one has to tell two and the shine continually grows. Team A feels very comfortable in recognizing that wrong and right is not always as gold as black and white.

We acknowledge that in our day-to-day professions, we ar constantly presented with decisions that require our incorrupt judgments. Some of the lessons taught in this chapter current as shooting will remain in our subconscious mind the rest of our lives. In specific, Texas-based familiarity Enron Energy Corporation was a world leader in gas, paper, communications, and paper sustained their financial standings by story fraud. Enron, practicing unethical but legal accounting led to the ordinance of the Sarbanes-Oxley Act. The unsatisfied appetite that this company displayed was one of greed, poor decisions by management, and ambidextrous accounting practices flourished at Enron. It started with one fudged...If you want to disembowel a full essay, order it on our website: Orderessay

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