Impact of Unethical Behavior

ACC 291 Impact of Unethical Behavior Article Analysis

ACC/291 Principles of Accounting II

Impact of Unethical Behavior Article Analysis

Reporting financial statements within a business or company is more than a must; it is a necessity to keep ones business up and running. If one were to report false information on any kind of financial statements it then could be costly for the company or business. This is known as unethical behavior in accounting. The unethical behavior in accounting would be to mislead financial analysis for personal gain, misuse of funds, overstating revenue, overstating the value of corporate assets, or even underreporting the existence of liabilities. The purpose of the Sarbanes-Oxley act is to, "Protect investors by improving the...