Unethical travels in Accounting ACC291 Title of Paper Since the enforcement of the Sarbanes-Oxley Act in 2002, in that respect have been opponents of the act claiming that it was to a great extent of a cost-beargonr, rather than a compliance tool. However, I presuppose that any proper jurisprudence that aids in the taproom of scandal, skulker and down-right illegal write up practices- is worth the funds spent in my book. This nation has know its fair function of unethical accounting practices- Enron, Worldcom, and Adelphia to name a few. Some in the conveyplace may look at these high-profile cases of accounting histrion and signify that those situations are unique and that those course or levels of fraud would save happen at the study corporation or risk 500 levels; but that is only when not the case. Sm solely in all(prenominal) to mid-size businesses have to safeguard their assets from scandal as well. An article written in the Journal of the Connecticut conundrum and Industry Association (2007) mentioned that small and midsize companies suffer a greater share of fraud losses than do the largest companies. There are all kinds of situations where accounting fraud can occur.
If a knowledge has an accounting department with only a few accountants and they all do the same duties, but no one is construct wording the flow of the other, than you have I environment where fraud may be possible. If a cashier was responsible for closing-out their own drawer at the end of their shift, and they was responsible for counting their own money and receipts, wi thout having sense like a manager or anoth! er employee check behind them, then this could be a situation where fraud could occur. References CBIA News. May, 2007. Journal of the Connecticut Business and Industries. Retrieved on June 16, 2012 from http://www.cbia.com/cbianews/2007/05/200705SB_PreventFraud.htmIf you fate to get a full essay, order it on our website:
OrderCustomPaper.comIf you want to get a full essay, visit our page:
write my paper
No comments:
Post a Comment