The unethical practices and behavior in accounting would be misleading financial analysis for personal gain, misuse of funds, overstating revenue, and understating expenses, overstating the value of corporate assets or underreporting the existence of liabilities, sometimes with the cooperation of officials in other corporations or affiliates. Other unethical practices would be insider trading, securities fraud, bribery, kickbacks and manipulation of the financial markets. Unethical practices and behavior are omissions and commissions by accounting officers that are not consistent with the generally accepted accounting practices . The motive of such practices is mainly to influence the decision maker to make a decision that he would not have made had he got the true picture of state of affairs Situations that may compel an officer to commissioning or commissioning of such acts can be identified in the following cases
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This note was uploaded on 12/12/2011 for the course ECONOMIC acc 101 taught by Professor Xyz during the Spring '11 term at University of Phoenix.