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Essay / Research Paper Abstract
A 5 page overview of three areas of particular issue in Accounting: 1. Loosely defined and/or understood ethics and procedures, 2. a resulting increase in accounting fraud, and an overall 3. decreased sensitivity of the accounting profession to public concern. Discusses the importance of incorporating ethics and communications coursework in training programs and also discusses the importance of internal perusal of accounting procedures as a deterrent to fraud. Bibliography lists 4 sources.
Page Count:
5 pages (~225 words per page)
File: D0_AccFraud.doc
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Unformatted sample text from the term paper:
ethical codes are enforced both within the profession and outside. Accountants regulate themselves in this regard and are regulated by society as a whole. Unfortunately, much of the
current public perception regarding the field of accounting is negative (Ward, 1996). Public trust has declined (Ward, 1996). Public expectations have increased (Ward, 1996). This has undoubtedly
resulted in response to three factors which seem to be on the upward climb in the accounting profession: 1. Loosely defined and/or understood ethics and procedures, 2.
a resulting increase in accounting fraud, and an overall 3. decreased sensitivity of the accounting profession to public concern. The first observation can be substantiated by a
simple comparison the rules and procedures which govern accountants with those which govern any other professional field, there incorporation into training programs and their adherence to throughout the profession.
The second observation is apparent simply from reading the newspaper or otherwise keeping abreast of the news. Fraud is rampant in the nation. Even more shocking, perhaps is the
lack of legal follow-up and retribution in the case of fraud. In one report for example the author states that only two percent of the fraud cases in shareholding
activities even get to court and of those approximately twenty percent get dismissed (Kadlec, 1998). It is the third observation, that those in the accounting profession are desensitized
to a certain degree regarding public perception and concern, that requires more elaborate substantiation. Even this contention, however, can be supported. A Harris poll conducted over a decade
ago shows that CPAs indeed lacked concern for public interest (Ward, 1996). To understand the above issues it is first to understand exactly what is meant by the
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