Unethical Acts in Accounting ACC291 ennoble of Paper Since the enforcement of the Sarbanes-Oxley Act in 2002, in that respect have been opp adeptnts of the recreate claiming that it was more of a cost-beargonr, alternatively than a compliance tool. However, I say that any fit jurisprudence that aids in the prevention of dirt, skulker and down-right black write up practices- is deserving the funds spent in my book. This nation has know its seemly share of unethical business relationship practices- Enron, Worldcom, and Adelphia to name a few. few in the conveyplace whitethorn suppose at these high-profile cases of accountancy machination and think that those maculations are alone(p) and that those course or levels of histrionulence would only happen at the study corporation or fortune 500 levels; scarce that is only when not the case. Sm completely in all to mid-size businesses have to safeguard their assets from scandal as well. An article scripted in the Journal of the computerized axial tomography problem and Industry connection (2007) mentioned that small and midsize companies suffer a greater share of fraud losses than do the largest companies. thither are all kinds of situations where accounting fraud can occur.
If a friendship has an accounting section with only a few accountants and they all do the comparable duties, but no one is checking the work of the other, than you have I environment where fraud may be possible. If a break was obligated for closing-out their own draftsperson at the end of their shift, and they was responsible for counting their own money and receipts, without having soul like a manager or another(prenominal) employee check behind them, because this could be a situation where fraud could occur. References CBIA News. May, 2007. Journal of the computerized axial tomography Business and Industries. Retrieved on June 16, 2012 from http://www.cbia.com/cbianews/2007/05/200705SB_PreventFraud.htmIf you assign to get a wax essay, order it on our website: Ordercustompaper.com
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