Question.3167 - Write a 350- to 700-word article analysis in which you identify situations that might lead to unethical practices and behavior in accounting. Examine the effect of the Sarbanes-Oxley Act of 2002 on financial statements. Prepare at least one question based on your article analysis for class discussion. Cite one article from the Electronic Reserve Readings, the Internet, or other resources. Format your paper consistent with APA guidelines.
Answer Below:
Unethical xxxxxxxxx and xxxxxxxx in xxxxxxxxxx and xxxx of xxxxxxxxxxxxxx Act xxxxxxxxx practices xxx behavior xx accounting xxx been xxxxxxxx factor xxx all xxxxxxxxxxxxx The xxxx in xxxxxxxxx related xx ethics xx accounting xxxxxxxxx can xx attributed xx a xxxxxx of xxxxxx like xxxxxxxxxxxxxx expectations xxxxxxxxx rules xxx feeling xxxx unethical xxxxxxxx is xxx only xxx to xxxx ahead xx times xxxxxxxxx indulge xx unethical xxxxxxxx as xxxx assume xxxx the xxxxxxxxxxxx expects xxxx to xx unethical xxxx is xxxxxxxx borne xxxx the xxxx that xxxxxxxxx behavior xxxxxxxx deep xxxxxx the xxxxxxxxxxxx culture xxxxxxxxx of xxxxx might xxxx induce xxxxxx to xxxxxxx in xxxxxxxx that xxxxx be xxxxxxxxx in xxxxxxxxxx Lack xx clarity xx the xxxxxxxxxx systems xxxxx it xxxx for xxxxxxxxx to xxxxxxx in xxxxxxxxx of xxxxxxxx While xx other xxxxx the xxxxxxxxxxxx acts xx an xxxxxxxxx manner xx people xxxxxxx in xxxx organization xxxx that xxxx can xx successful xxxx by xxxxx unethical xxxx promotes xxxxxxxxxxx while xxxxxxxxxx financial xxxxxxxxxx These xxx some xx the xxxxxx situations xxxx induce xxxxxxxxx practices xxx behavior xx accounting xxxxxxx Hunger xxx Thomas xxx Sarbanes-Oxley xxx was xxxxxxx in xxxxxxxx to x series xx accounting xxxxxxxx and xxxx in xxxxxxx behavior xx accounting xxxxxxx This xxx made xx mandatory xxx all xxxxxxxxx to xxxxxxxx highest xxxxxxxxx of xxxxxxx behavior xxx accountability xxxxx preparing xxx presenting xxxxxxxxx statements xxx three xxxx ramifications xx this xxx on xxxxxxxxx reporting xxx be xxxxxxxxxx as xxxxxxxxxxx monitoring xx accounting xxx business xxxxxxxxxx auditor x independence xxx management xxxxxxxxxxxxxx assessment xxxxx Stice xxx Swain xxx Act xxx up x Public xxxxxxx Accounting xxxxxxxxx Board xxxxx which xx mandated xx perform xxx activities xxxxxxxxx establishment xx standards xxxxxxx to xxxxx process xxx preparation xx audit xxxxxxx by xxxxxx accounting xxxxx To xxxxxxxx ethical xxxxxxxxx within xxxxx firms xx has xxxx been xxxxxxxx to xxxxxxx reviews xxx inspection xx these xxxxx firms xx has xxxx done xxxx the xxx toenforce xxxxxxxxxx to xxx provisions xx the xxx and xxxxxx sanctions xxx any xxxxxxxxx from xxx provisions xx the xxx Stice xx al xxx Act xxx provided xxxxxxxxxx for xxxxxxxxxxx the xxxxxxxxxxxx of xxxxxxxx auditors xxx external xxxxxxxx are xxxxxxxxxx from xxxxxxxxxx a xxxxxx of xxxxxxxx for xxxxxxx including xxxxxxxx its xxxxx of xxxxxxxx providing xxxxxxxxxx consultancy xxx so xxxx there xx no xxxxxxxx of xxxxxxxx The xxx also xxxxxxxx rotation xx audit xxxxxxxx every xxxx years xx a xxx to xxxxx the xxxxxxx standards xxx independence xx auditors xxx Act xxxx a xxxxxxxxx whereby xxx auditor xx not xxxxxxxx to xxxxxx to xxx Chief xxxxxxxxx Officer xx the xxxxxxx but xxxxxxxx to xxxxx committee xx the xxxxx of xxxxxxxxx Stice xx al xxxx a xxxx to xxxxx the xxxxxxxxxxxxxx of xxx company xxxxxxxxxx for xxx frauds xxxxxxxxx by xxx company xxx Act xxx made xxxx sweeping xxxxxxxxxx which xxxxxxxx inclusion xx a xxxxxxxxx from xxx CEO xxx CFO xx each xxxxxx company xxxxx with xxx auditor x report xx certify xxx appropriateness xx the xxxxxxxxx statements xxx disclosures xxxxx et xx It xxxxxxxxxx company xxxxxxxxx loans xx directors xxx executive xxxxxxxx The xxx also xxxxxxxx the xxxxx committee xx remain xxxxxxxxxxx where xxxx individuals xxx are xxx part xx the xxxxxxxxxx team xx the xxxxxxx Stice xx al xxxxx be xxxxxxxx These xxxxxxxxxx have xxxx implemented xx make xxx management xxxx accountable xxx any xxxxxxxxx wrongdoings xxx Sarbanes-Oxley xxx has xxxxxxx a xxxxxx of xxxx intentioned xxxxxxx in xxx statutory xxxxxxxxx within xxxxx the xxxxxxx s xxxxxxxxxx reporting xxxxxxxx operate xx However xxx needs xx consider xxxxxxx the xxx has xxxxxx managed xx create x real xxxxxxxxxxx audit xxxxxx Are xxx public xxxxx firms xxxxxxxxxxx independent xx report xxxxx findings xxxxxxx to xxx company x financial xxxxxx to xxxxxxx the xxxxxxxx of xxx stakeholders xxxxxxxxxx Stice x K xxxxx J x amp xxxxx M x Accounting xxxxxxxx amp xxxxxxxxxxxx Cengage xxxxxxxxxxxxxxx T x Hunger x J xxx Thomas x Concepts xx Strategic xxxxxxxxxx and xxxxxxxx Policy xxxxxxx Education xxxxxMore Articles From Accounting
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