Ethicality of Accounting Activities

Ethicality of Accounting Activities The WorldCom bailiwick is an example of un honorable behavior performed by a companion by abusing be activities to reflect lead off financial information. In this baptistery the main cause of this wrong behavior is greed and neglect by the executives that allowed and encouraged this behavior. On the other hand, WorldCom employee Cynthia make is a prime example of ethical behavior that took place to uncover the wrong doing of individuals. Upon reading an news of a former financial analyst, Cynthia Coppers drumhead was intrigued, an audit was conducted on capital using up. In the WorldCom and Cynthia Cooper case unethical behavior was evident in multiple departments and key top key players that tried to cover up the fraud. The American Institute of Certified Public Accountants has established principles that include responsibilities, the earthly concern intimacy, integrity, objectivity and independence, due care, and scope and na ture of services. The first pinafore go by responsibility which entails carrying out their responsibilities as professionals, members should influence sensitive professional and moral judgments in all their activities. Cynthia Cooper remained professional and employ moral judgments during her discovery of unethical accounting practices.

She remained persistent and was neer discouraged to stop her discovery when she revived inconclusive answers. The second principle involves public interest. The CEO of WorldCom, Scott Sullivan, did not protect the interest of the public. He intelligibly misstated the capital spending and improperly separat! e the costs. The financial statements produced by this misstatement resulted in the company having a understand of more assets than what was evident. Internal and external stakeholders interests were not protected. Scott Sullivan clearly put his own interest ahead the interest of the public. This misstatement lead to a financial disaster for WorldCom and the stakeholders took a...If you loss to get a full essay, order it on our website: BestEssayCheap.com

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