Situations Leading to Unethical Practices and Behavior in Accounting

810 Words3 Pages
Accounting Situations that might lead to unethical practices and behavior in accounting There are a number of reasons which can lead to unethical behavior and practices in accounting. Unethical behavior and practices in accounting refers to when a person contravenes the rules that are designed to make sure that morality and fairness is taken into consideration in the accounting procedures of a company. A violation of these rules is what termed as unethical and should not be tolerated in any company regardless of its mode of ownership ADDIN EN.CITE Tang20031598(Tang & Chiu, 2003)1598159817Tang, Thomas Li-PingChiu, Randy K.Income, Money Ethic, Pay Satisfaction, Commitment, and Unethical Behavior: Is the Love of Money the Root of Evil for Hong Kong Employees?Journal of Business EthicsJournal of Business Ethics13-304612003Springer01674544http://www.jstor.org/stable/25075086( HYPERLINK l "_ENREF_4" o "Tang, 2003 #1598" Tang & Chiu, 2003). One of the reasons for unethical behavior in accounting is greed. This is a major cause of this since a person would be led to act unethically or immorally for their own financial gain. In any business, the human resources of the company or organization do a lot and there are many opportunities for the employees to do the wrong thing for their own gain. A good example is when an employee embezzles funds or when the management of a company sells their stock when they get insider information of a drop in the company's profit. A person may
Open Document