stanleys_2001
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sorry, not for 2 points... maybe 10..
Ethics are hard to explain, in concrete and precise terms. |
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Sally Can Wait
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You may have to launder dirty money. That's the worst I could think of. If you're fine with that then you'll be fine with anything else you have to do. |
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Stephen B
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There are textbooks written on this topic.
Read as much as you can about the fall of Enron and the fall of Wordcom.
This was way beyond ethical lapses...these were cases of out-and-out fraud.
These two episodes will give you a very good sense about ethical lapses in accounting. |
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cognitively_dislocated
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Ask Kennith Lay, I'm sure he could tell you. |
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St. Anthony of Y!Answers
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whether to be creative or not.
oh yeah, and if you are an auditor, it is whether to cater to your clients so that you can keep their business. and that includes being creative or turning a blind eye to big businesses' shenanigans. |
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hfmgr06
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In the field of accounting you are faced with pressures from your bosses. "Cooking" the books to make it look like a company made a profit, or by hiding losses in cardboard companies. That's more so in larger companies, on a smaller scale, it could be employees embezzling $$ and wanting to cut you in. As an accountant you look at all the expense/revenues for a company, alot of people might want you to report something other than the truth. |
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Gwen
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Fudging accounts to make the company's earnings look better (that happens alot), stealing money for personal gain and covering it up, being asked to look the other way when someone in the company does something unethical, giving in to the temptation to be a "yes" person with the boss even if the decision is wrong or harmful to the company. |
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Billy Talent
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Insider Information and I guess manipulation of accounts. |
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gone
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Money laundering, tax evasion, tax shelters, and ex wives. |
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Some Guy
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Pressure from senior management to make material misrepresentations in financial statements.
It really happens. I have seen one instance first-hand, where the CFO directed senior finance leaders to "jiggle" the numbers, so some wouldn't add up properly and give an otherwise undesirable result. |
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Lindsay D
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The company I work for was formerly owned (its been sold a couple of years ago to an American owner) by a large Dutch company, and the CFO set up several bogus general ledger accounts where they dumped money into to hide from the parent company... he used it to clean up things he didn't want the parent company to know about... |
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