Ethics in Accounting

When one sees headlines of stories such as Enron, HealthSound, WorldCom scandals, and other large corporations employees under(a) investigation for securities phony and more, its brings to mind the integrity of big businesses today. You exponent even question who is responsible for the regulations, and who enforces them. As we see potent people convicted in the news such as WorldComs chief executive officer Bernard Ebbers ( Diana p.24) and Martha Stewart it brings to mind the duty and ethic of the officers of major corporation. In corporeal Executives And Auditors Try on Sox, article from Business Credit clipping discuss the impact of Sarbanes-Oxley Act (SOX) of 2002 has on large pubic Corporation today.

Perhaps it is time for a change. The publicity caused by Enron, Aldelphia Communications, HealthSouth and WorldCom, prompted relative to respond with SOX, as its answer to help ensure accountability to the boardroom, and restore investors confidence that the reporting of earning are based upon logical numbers and the board is upholding the best interest of the shareholders. As with every other Securities and Exchange Commission (SEC) regulation violations SOX carries civil as well as criminal penalties. (Diana p.24). SOX also require publicly-held companies to dupe internal code of ethics, whistleblower protection and preventive, document-destruction measures.



However, since the inception of SOX companies are finding it difficult to comply with, because it imposes financial and personnel burdens on their staff. This are article discuss several cases of be and securities fraud with emphasis of the impact it has on ethics in accounting today.

Upon comparing my present employer to concepts in this article, the first thing that was discover the vast differences between the two corporations observed. Heald College is a non-profit organization that is non public traded, therefore; it would not have to adhere to the homogeneous stick...

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