The Consequences Of Unethical Accounting Practices 

Everyone will agree that ethics is a critical aspect of a good accountant. These accounting rules and regulations exist to make sure that the end users are objective in their decision-making process by using accurate financial statements. Poor ethics in accounting usually result in various adverse consequences – personally and business-wise.  

 

Source: commons.wikimedia.org

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Ethical Issues In The Accounting Profession 

Unknown to most of the people, professionals in the accounting field handle sensitive data. Accountants do not just gather, compute, and handle numbers. They do not just balance the books and account every item. They deal with numbers and this, in turn, can have a significant impact on prices, markets, and other financial consequences for a business or a company.  

 Lots of people think unethical behavior is the product of one ingredient, such as greed, lust, ignorance, or isolation. But my experience—and the references below—support the notion that unethical behavior consists of a variety of ingredients that come together in a sort of recipe. — Mitchell M. Handelsman Ph.D.

Source: picpedia.org

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