The Bible & Accounting Fraud

1166 Words Aug 27th, 2013 5 Pages
The Bible & Accounting Fraud Liberty University

Abstract
Accounting is an information and measurement system used by mainly all businesses and organizations to provide relevant, reliable and comparable information about its business activities, (Wild, & Shaw, & Chiappetta, 2011, p.272). Accounting Information Systems is a fundamental part of determining the success of an organization. An effective information system provides Internal controls which consist in policies and procedures implemented by a company to allow managers to monitor and control business activities. The Bible could be compared to an organization’s Internal Controls in the sense that it is the Holy and
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When the time came for the manager to be confronted and give an account, he could not come up with a single response to deny the accusations and rather went to the debtors and negotiated a debt settlement with them looking for favor in the eyes of his master and friendship with the debtors through dishonest negotiations. “He called in each one of his master’s debtors and asked, how much do you owe my master? Nine hundred gallons of oil replied the debtor. The manager told him, take you bill, sit down quickly and make it four hundred and fifty” (Luke, 16:5-6). We can see how clever this manager acted in dealing with his past due collection responsibilities and still he was commended by his master for his clever approach in doing so. Nothing in the parable implies that the manager repented of his reckless behavior and dishonest actions neither that his job was restituted in spite of his managerial approach. His negligence in dealing with timely collection of outstanding receivables jeopardized his job and constituted a loss of assets to his master. We can see how this rich man had the need for implementing higher standards or Internal controls in the management of his riches. The apostle Paul warns us in Galatians 5: 19-21, about the condition of the human heart or flesh, “The acts of the flesh are obvious: sexual immorality, impurity and debauchery; idolatry and witchcraft; hatred, discord, jealousy, fits of rage,

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