Unit 1 Lesson 3 Accounting Scandals

Unit 1 Lesson 3 - Current Issues in Accounting As the business world encounters an increasing number of"accounting scandals" such as Enron

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Unformatted text preview: Current Issues in Accounting As the business world encounters an increasing number of "accounting scandals", such as Enron, Bre-X, and WorldCom, we, as accounting students, must recognize the importance of studying business ethics and, specifically, ethics in accounting. We must be able to also assess trends in the world of business, such as technological developments and globalization , as they impact the accounting profession. Business and Accounting Ethics Business ethics dictate the moral "rights" and "wrongs" within a business context. Issues related to business e equal and just treatment of employees, to the production of safe products for consumers, to the truthful and ac financial information. One of the increasingly relevant issues related to business ethics involves ethics in accounting . The number scandals has increased over time. Therefore, it has become even more important that accounting standards be and that punishments for those involved in these scandals become more strict....
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This note was uploaded on 07/15/2011 for the course AFM 102 taught by Professor Aa during the Summer '07 term at Court Reporting Institute of Dallas.

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Unit 1 Lesson 3 - Current Issues in Accounting As the business world encounters an increasing number of"accounting scandals" such as Enron

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