An Analysis of Accounting Ethical Breaches at Invesco

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An Analysis Of Accounting Ethical Breaches At Invesco Introduction Given the pervasive adoption of financial and regulatory compliance globally specifically in the areas of accounting, operational risk disclosures and significant organizational events, the organizational climate is becoming increasingly conducive to ethical behavior. It's not that corporations have had any type of epiphany that being more transparent with their financial reporting or managing of events is virtuous. Rather, it is the accumulated accountability, precisely defined series of personal responsibility requirements that the Sarbanes-Oxley Act of 2002 (SOX) and other comparable laws have placed in corporate officers requiring their organizations stay in compliance (Zimmermann, 2005). With corporate officers being held accountable for the accuracy, fidelity and veracity of accounting and financial management statements, the current business and regulatory environment continues to prove conducive to more ethical behavior. With the U.S. Government and other nations' governments enforcing greater levels of accounting and financial reporting compliance through fines and potentially limiting market access, senior management teams and boards of directors are highly motivated to comply and reduce potential fees, fines and public attention to financial mismanagement. One of the most visible deterrents to unethical accounting and financial reporting activity is when shareholders are compensated for

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