Impact of Unethical Behavior

Impact of Unethical Behavior
Deonne Griffin
ACC/291
February 27, 2012
Sandra Brown

Impact of Unethical Behavior
At nigh point every employee is exposed to an unethical situation in spite of appearance an organization. The questions are how to handle exposure to an ethical dilemma and what steps to take to resolve it. Implementation of rules and regulations dealing with unethical practices and doings has been established in organizations to rid companies of backlash from negative reporting. The Sarbanes-Oxley make bank is most known for focusing on keeping companies fair play intact. The act was to enhance the reliability of audit reports from financial statement. The objectives of the carry stated by William H. Donaldson (2005) are as follows:
To strengthen enforcement of the federal securities laws;
To strengthen and restore confidence in the auditing profession;
To advance executive responsibility and the tone at the top at companies;
To improve disclosure and financial reporting, and
To improve the performance of gatekeepers, much(prenominal) as accounting firms, research analysts, and attorneys
There are some situations that may lead to unethical practices and behavior.



These can range from artifice to embezzlement. An employee decides to take money from petty cash to pay benefit bills. An executive decides to use the company plane to take family vacations and file it to business expenses. There are countless acts in which employees believe they are justified in what they remove done and until now feel as though they will get absent with it.
What can companies do to crackdown on unethical practices and behaviors? Many companies have implemented whistleblowing hotlines, intrinsic controls, and open door policies to encourage employees to channelize honesty and integrity in the workplace. A current internal control system over financial reporting is important in creating trustworthy financial statements used by investors. No...If you necessity to get a full essay, order it on our website: Ordercustompaper.com



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