Question.3171 - Submit a 1,000-1,100-word paper that identifies and discusses the legal, ethical, and technological concerns of the accounting and financial reporting of businesses.
Answer Below:
Legal xxxxxxx and xxxxxxxxxxxxx Concerns xx the xxxxxxxxxx and xxxxxxxxx Reporting xx Business xxxxxxxxxx and xxxxxxx are xxxxxxxx as xxx life xxxx of xxx business xxxxxxxxxx has xxxxxxx been xxxxxx as xxx language xx the xxxxxxxx and xxx basic xxxxxxxx of xxx language xx to xxxxx as x means xx communication xxx accounting xxxxxx this xxxxxxxx as xx communicates xxx results xx business xxxxxxxxxx to xxxxxxx parties xxx have xxxx stake xx the xxxxxxxx such xx the xxxxxxxxxx of xxx business xxxxxxxxx investors xxxxxxxxxx in xxx business xxxxxxxxxx and xxxxx agencies xxxxxx accounting xx generally xxxxxxxxxx with xxxxxxxx but xx is xxx only xxxxxxxx which xxxxx use xx accounting xxxxxxx like xxxxxxxxxx Government xxx any xxxxx individuals xxxx make xxx of xxxxxxxxxx Accounting xxxxx has xxxxx in xxxxxxxxxx and xxxxxx in xxx structure xxxx the xxxxxxxxx of xxxxx industrial xxxxxxxxxxxx Accounting xx known xx a xxxx of xxxxxxxxx the xxxxxxxx problems xxxxx the xxxxxxxx organization xxx have xx face xxxxxxxxxx is xxxxxxxxx and xxxxx with xxx process xx recording xxxxxxx and xxxxxxxxxxx the xxxx results xxxx business xxxxxxxxxx and xxxxxx Finance xx regarded xx the xxxxxxx system xx the xxxxxxxx organization xx it xx required xx run xxx business xxx for xxxxxxxxx of xx Thus xxxxxxxxxxx of xxxxx ethical xxx technological xxxxxxx in xxxxxxxxxx and xxxxxxxxx reporting xx business xxx become xxxxxxxxx The xxxxxx holds xxxx important xxxxxxxx in xxx business xxx it xx recently xxxxxxxx as xxx sensitive xxxxx owing xx sensational xxx corporate xxxxxxxx that xxx occurred xx various xxxxxxxxx causing xxxxxx damages xx the xxxxxxx and xxx society xx large xxxxx corporate xxxxxxxx which xxx occurred xx the xxxxx of xxxxxxxx and xx has xxxxxx question xx the xxxxxxxx of xxxxxxxxxxx in xxxxxxx terms xxx accountants xxx actively xxxxxxxxxxx in xxx business xxxxxxxxxxxx It xx believed xxx regarded xxxx the xxxxxxxxxxx have xxxx the xxxx contributors xx the xxxxxxxxxxx in xxxxxxxxxxx ethics xx the xxxxxxxx International xxxxxxxxxx of xxxxxxxxxxx IFAC xx its xxxxxxxx report xxxxxx as xxxxxxxxxx public xxxxxxxxxx in xxxxxxxxx reporting xx international xxxxxxxxxxx issued xx the xxxxxxxxx of xxx collapse xx Enron xxx WorldCom xx concluding xxxx financial xxxxxxxx experienced xx the xxxxxx times xxxx symptoms xx deeper xxxxxxxx and xxxxxxxxxx that xxxxxxxxxxx of xxxxxxx standards xxxxxxxx of xxxxxxxxx management xxxxxxxxx mechanisms xxxxx quality xxx strengthening xx governance xxxxxxx as xxxxx to xxxxxxx public xxxxxxxxxx in xxxxxxxxx reporting xxxxxxxxxxx S xxxxxx K xxxxxxx R xxxxxxxxxx M xxxxx P xxx Homrigh x V xxxxxx Governance xxx Accountability xxx profession xx accounting xxxxxxx a xxxxx responsibility xxxxxxx the xxxxxxxx sector xxx it xxxx at xxxxxxxx the xxxxxxxxxx in xxx business xxxxxxxxx today xxxxxxx conduct xx accounting xxxxxxxxxxxxx has xxxxxx an xxxxxxxxx issue xx is xxxx important xxx accounting xxxxxxxxxxxxx to xx ethical xx their xxxxxxxxx because xx the xxxxxxx nature xx their xxxxxxxxxx The xxxxxx of xxxxxxxxxx work xxxxxxx more xxxxxx and xxxxxxxxxxxxxx and xx also xxxx them xx a xxxxxxx position xx trust xxx confidence xxx the xxxxxxx liability xxxxx up xx their xxxxxxxxxx in xxxxxxxx to xxxxx clients xxxxxxxxx and xxx general xxxxxx at xxxxx because xxxx have xxxxx on xxx work xx accountant xxx they xxxx rely xx their xxxxxxxxxxxx judgment xxxxx has xxxx taken xx them xxxxxxxxx to xxxxx judgment xxx guidance xx making xxxxxxxxx for xxx business xxxxxxxxxxxxx These xxxxxxxxx in xxxxxx affect xxx process xx allocation xx resources xx the xxxxxxx as xxxx are xxx used xxxxxxxxxxx and xxxxxxxxxxx The xxxxxxxxxxx are xxxxxxx by xxx people xx large xxxxxxx of xxxxx professional xxxxxxx and xxxxxxx standards xxxxx come xxxxx with xxx dignity xx their xxxxxxxxxx Thus xxx key xx maintaining xxxxxxxxxx of xxxxxxx and xxx public xx professional xxx ethical xxxxxxx which xxxxxx be xxxxx immense xxxxxxxxxx Ensuring xxx maintenance xx high xxxxxxx standards xxx code xx very xxxxxxxxx to x public xxxxxxxxxx one xxx gives xxxxxxxxxxxx services xxxx giving xxxxxxxxx and xxxxxxxx service xx consultancy xx the xxxxxxx for x fee xx well xx to xx accountant xx business xxx who xx hired xx a xxxxxxx or xxxxxx sector xxxxxxxxxxxx or xxxxxxxx firm xxx a xxxxxx Both xxxxxx accountants xx well xx accountants xx business xxx in x trusted xxx reliable xxxxxxxxxxxx as xxxx hold xxxx fiduciary xxxxxxxx in xxx business xx such xxxx of xxxxxxxxxxxx they xxxx the xxxxxxxxxxxxxx of xxxxxxxx out xxxxx duty xxxx the xxxxx of xxxxxxx transparency xxxxxxxxxxx and xxxx due xxxx and xxxxxxxxxxxxxx They xxx required xx maintain xxx confidentiality xxx ethics xxx their xxxxxxx Own xxxx accountants xx professionals xxx expected xx maintain x standard xx ethical xxxxxxx which xxxx beyond xxx laws xx society xxxx has xxxxxxxx the xxxxxxxxxxxx accounting xxxxxx to xxxxxxx a xxxx of xxxxxxxxxxxx conduct xxxxx sets xxxx specific xxxxx or xxxxxxxxx that xxxxxxxxxxx the xxxxx from xxxxx to xxxxxx that xxx behavior xx members xxxxxxxx with xxx perceived xxxxxxxxxxx of xxxxxx of xxxxxxx standards xxxxx rules xxxx been xxxxxxxxx and xxxxxxxxxx based xx the xxxxxxxxxx of xxxxxxxxxxxx conduct xxxxx form xxx guide xxx professional xxxxxx Hence xxx involvement xxx participation xx accountants xxxx big xx rather xxxx corporate xxxxxxxx in xxxxxxx times xxxxxx that xxxx have xxx complied xxxx the xxxxxxxx ethical xxxxxxxxx It xx often xxxxxxx that xxxxxxxxxxx focus xx rather xxxx too xxxx stress xx the xxxxxxxxx issues xxx lack xx devoid xx ethical xxxxxxxxxxx to xxxxxxxxxx or xxxxxx the xxxxxxx dilemmas xxxxxxx with xxxxx work xxxxx would xxxxxxxxxx make xxxx to xxxx up xxxxx decisions xxxx accountants xxxxxx be xxxxx training xx be xxxxxxxxx enough xx identifying xx recognizing xxx moral xxx ethical xxxxxxxxx of xxxxxxxxx issues xxxxxxxx in xxx fields xx accounting xxx financial xxxxxxxxx For xxxxxxxxxxx the xxxxxx and xxxxxxx of xxx Financial xxxxxxxxx Problems xxxxxxx professionals xxxx as xxx auditors xxxxxxxxx officers xx the xxxxxxxxx organization xxxxxxx of xxxxxxxxxxxxxxxxxx are xxxxxxxx to xxxxxxx the xxxxxx confidence xx the xxxxxx and xxx society xx large xxxxx are xxxxxxxx to xx taken xx by xxx regulators xxx the xxxxxxxxxxxxx of xxx corporate xxxxxx Regularity xxxxxxxxxxx is xxxxxxxx to xxx up xx put x check xx the xxxxxxxx arising xxx of xxxxxxxxxx and xxxxxxxxx reporting xxxxxxxx Stress xxxxxx be xxxx down xx the xxxxxxx of xxxxxxxxx Governance xx that xxx the xxxxxxx of xxxxxxxxx reporting xxx accounting xxx under xxx diagnosis xxx corporate xxxxxxxxxx would xxxxx or xxxxxx would xxxxxx the xxxx and xxx CFOs xx the xxxxxxxxx to xxxxx personally xx the xxxxxxxx and xxxxxxx of xxxxx own xxxxxxx s xxxxxxxxx statements xx that xxx big xxxxxxxx are xxxxxxx in xxx future xxxxxxxxxxxx of xxxxxxxxx Oxley xxx focused xx the xxxxxxx of xxx Corporate xxxxxxxxxx after xxx big xxxxxxxx of xxxxx com xxx after xxx year xxxxx was xxxxxxxx as xxx year xx scandals xxxxx aspects xxx Accounting xxx financial xxxxxxxxx are xxxxxxxxxx through xxxxxxx accounting xxx enforcement xxxxxxxx accounting xxxxxxxxxxx guide xx maintain xxx ethical xxx legal xxxxxxxxxxx for xxxxxxxxxx Securities xxxxxxxx Act xx also xxxxxxxxxxx to xxxxxxx the xxxxxxxxx and xxxxxxxxx Accounting xxxxxxxx Board xx also xxxxxxxxxxx to xxxxxxx the xxxxxxxxx of xxxxxxxxxx and xxxxxxxxx Reporting xxxxx to xxxx a xxxx and xxxxxxxxx environment xx the xxxxxxxxx world xxx the xxxxxxxx organizations xxx legal xxxxxxx technical xxxxxxxx should xx maintained xx the xxxxx of xxxxxxxxx reporting xxx accounting xxxxxxxxxx Dellaportas x Gibson x Alagiah x Hutchinson x Leung x and xxxxxxx D x Ethics xxxxxxxxxx and xxxxxxxxxxxxxx Sunden x Gary xxxxxx and xxxxxxxxx Reporting xx a xxxx Enron- xxxxxxxxxxx Jackling xxxxxxx Barry x Cooper xxxxxxxxx Leung xxx Steven xxxxxxxxxxx Professional xxxxxxxxxx Bodies xxxxxxxxxx of xxxxxxx Issues xxxxxx of xxxxxxx Failureand xxxxxx Education xxxxx David xxxxx Auditors xxx TimidMore Articles From English
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