Research On Ethics And Accounting

2399 words, 10 pages

Intro Sample...


Scandals and deceit are obliterating the accounting profession.
Unethical practices by corporations are giving accountants a bad name
and dragging the economy into a recession. It seems every week there
is a new CEO on the chopping block, preparing to be reprimanded for
"cooking the books". Some of the most respected names in business
(WorldCom, Enron, Tyco, Adelphia) have been caught red-handed, and are
facing the wrath of the judicial system. In an attempt to identify the
culprits responsible, accountants are being labeled as unethical
criminals, even though the only crime they are guilty of, is trying to
please their boss so they can protect their job. It all boils down to
profit... View More »

Body Sample...




Another Enron article entitled, Jeff Skilling: Enron's Missing Man;
The CEO who created its in-your-face culture has been largely absent
from the inquiry, by Wendy Zellner, explores Skilling's (Ex CEO of
Enron) involvement in the Enron scandal. The following quote from sums
up the content of the article by providing damming testimony against
his character:

"He implicitly and explicitly pushed subordinates to break laws as a
heavily indebted Enron scrambled to hide years of bad investments to
keep its crucial credit rating." (Zellner, 2002)

In an article entitled The big Kozlowski; CEO's under fire, the lavish
lifestyles and irrefutable greed of today's CEO's are exposed. The
main target is Dennis Kozlowski, the former CEO of Tyco. The author of
the article states that Kozlowski will be remembered by Americans as:

"the bald guy with the $6,000 shower curtain. And, say, the $15,000
dog umbrella stand. Ditto for the now infamous $2.1 million birthday
bash that Kozlowski, the former CEO of Tyco, threw in Sardinia for his
wife's 40th birthday. It featured a giant cake with exploding breasts
and an ice sculpture of Michelangelo's "David" dispensing Stoli
through an appendage that in more modest times would've been covered
by a fig leaf." (Varchaver, 2002)

This article makes it clear that CEO's today are living lifestyles
normal people couldn't possibly fathom, and at whose expense? The
investors, and their employees. This pressure falls on the accountants
to make earnings acceptable so that they don't lose their jobs, and ...

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