Ethics in Accounting

When one sees headlines of stories such as Enron, HealthSound, WorldCom scandals, and other large corporations employees under investigation for securities fraud and more, its brings to mind the integrity of big businesses today. You might even question who is responsible for the regulations, and who enforces them. As we see influential people convicted in the news such as WorldCom's CEO Bernard Ebbers ( Diana p.24) and Martha Stewart it brings to mind the accountability and …

…imprisonment. A person should possess some for of moral integrity themselves, before choosing careers such as CEO, CPA'S, managers, and fewer regulations or laws would be necessary for the mistakes of a few dishonest corporations. References: Diana, Tom. (May 2005). Corporate Executives And Auditors Try on SOX. Business Credit, Vol, 107 Issue 5, pg 24-30, 4 pgs. Retrieved Nov 11, 2005, from http://appollolibrary.com/ERR/errReading1.aspx Williams, Haka, Bettner, Meigs (2003) Financial Accounting, Eleventh Edition. New York. The McGraw-Hill Company