Financial accounting ethics violations are
A) not a problem in the U.S. or internationally.
B) much more common in the U.S. than internationally.
C) much more common internationally than in the U.S.
D) a major problem both in the U.S. and internationally.

Question

Quizplus · Accepted Answer

Financial accounting ethics violations are a major problem both in the U.S. and internationally. This is evidenced by high-profile cases such as Enron, WorldCom, and Toshiba, among others. The International Financial Reporting Standards (IFRS) were developed in part to address some of these ethical concerns and to promote transparency and accountability in financial reporting.

Financial Accounting Ethics Violations Are