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Ethical And Legal Obligations 3

Ethical and Legal Obligations

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Title: Ethical and Legal Obligations

Essay Details:

Subject: Business

Author:

Date: March 27, 2013

Level: University

Grade: A

Length: 4 / 1148

Essay text:

The pressure to reflect maximum profit and value for stockholders, as well as serve greedy individual agendas, has created unethical and criminal accounting activity in corporate society. This has caused much public skepticism and mistrust of the accounting field and the financial sector, and has led to an increased awareness by governing boards and governmental agencies. Marshall, McManus and Viele (2004) state "in a broad sense, the theory of accounting is the process of identifying, measuring, and communicating economic information about an organization for the purpose of making decisions and informed judgments" (p...

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