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Therefore, the profession must equip its members with a strong sense of ethical awareness. This is accomplished through education and regulations in ethics. This may be found as an effective way to ensure that businesses and accountants are doing his or her jobs ethically.
The allegation against Enron was that it "used special purpose vehicles for $8...
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WorldCom was alleged to have "treated over ?3.8 billion revenue costs - network maintenance - as capital expenditure to inflate profits". Also, "Loans of $2.5 billion were misreported" (Student Accountant 2002, p.9).
Reference
Bequai, A. (2003) Safeguards for IT Managers and Staff under the Sarbanes-Oxley Act, Retrieved December 24, 2007 from website;http://www...
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