Corporate Dishonesty Honesty versus the Bottom Line

12Dec/17Off

About Me

Honesty is the soul of business. I am Ben Gardner. This is my blog that will serve as my portal to communicate my assignments with the entire English 400 class. As a member of Longwood University’s College of Business and Economics and as a student studying accounting I have learned about different business scandals and frauds. Being something that applies to my future profession of accounting, I find these events and the people who commit them very interesting. Specifically, I’d like to explore what their motives and rationalizations are for lying, deceiving, and fostering environments of dishonesty. I am curious what causes this dishonest behavior and how it affects others throughout the world of business. As a student, it has been instilled in me to maintain my academic integrity, be responsible for my actions and not cheat or copy other people’s work. While ethics and integrity are still stressed in the business world, it sometimes appears to take a back seat when it comes to making profits. As an aspiring CPA and future accountant, I think that being fully transparent and honest in your actions and words are critical, especially when dealing with other’s financial well-being or life savings. The need for this transparency comes from the fact that many people rely on accountants and financial advisors for advice on transactions and investments that they may not fully understand. The clients need to be fully informed when making decisions concerning their future financial well-being and therefore need to be able to trust those working in the field of business, specifically accountants and financial advisors. Looking at the accounting profession in terms of auditing and tax help, there is a huge potential for public benefits given that the public can accurately rely on the information presented to them. This responsibility of being truthful and refraining from deceitful or dishonest behavior falls on the shoulders of the accountants, and as a result of many scandals over the past century, on the different accounting standards setting boards or regulations such as the Public Company Accounting Oversight Board (PCAOB) or Generally Accepted Accounting Principles (GAAP). In the future, I would like to see the accounting and financial advising industry improve its transparency so that the negative connotations of accountants and financial advisors being deceitful or dishonest are made public.     

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