Ethics Article Review

Article Summary
?The article in review discusses the relationship mingled with the commitment of corporate agate line ethics and the quality of their fiscal inform.  Business Ethics and Financial Reporting Quality: examine from Korea evidently reports that those companies who practice a higher level of respectable commitment exhibit better quality financial insurance coverage than those companies who practice a lower level of honorable standards.  (Choi & Pae, 2011) Choi and Pae too reveal that their research findings prove that that corporate commitment to strain ethics has perpetuating effects on future financial reporting quality. (Choi & Pae, 2011) The authors of the article furthermore hold that managements commitment business ethics directly reflects their financial reporting decisions; and then the quality of financial reporting can be amend through decision made based on ethical reasoning. (Choi & Pae, 2011)  Nice introduction
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Relationship to Readings
?It is obvious that investors seek companies who exemplify business ethics in everyday operations.  Sometimes companies report their monetary resource in a higher light on melodic theme than what it might truly reflect.



This was the case with the Enron scandal of 2002 when whistle-blower Sherron Watkins inform a $638 million third quarter loss by and by less-than-perfect financial reporting was discovered.  (The enron trials, 2006) In the wake of this discovery, The Sarbanes-Oxley Act of 2002 was draw up.  The Sarbanes-Oxley Act of 2002 addresses new guidelines for financial auditors and corporate boards of directors management regarding the oversight of external auditors.  The provisions of the act created the overt Company Accounting Oversight Board whose primary indebtedness is governing all aspects of the public accounting profession connect to audits of public companies. The acts provisions also cover that CEOs and CFOs run operations with integrity.  With the provisions that are outlined in The Sarbanes-Oxley...If you want to get a full essay, order it on our website: Orderessay



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