Towards effective laws in financial accounting

Advance financial accounting

Introduction
• Fraud lead to breakdown of giant companies.
• Americans doubted law enactment.
• Efforts taken were not proving up to mark.
• Unethical dilemmas creates immoral activity at work.

Analysis
• Scandals are increasing and professionals started
demanding improved rules.
• Top authority held responsible for fraud.
• Need to implement laws by federal government.
• This fraud done within same department.
• Auditors was also involved.
• Result of this led dismissal of numerous old employee.

• Non existence of completely effective fraud
reducing programme.
• Frauds can likewise happen if there is an
occurrence of the bookkeeping standards and
also government organizations.
• Corporate officers abusing accounting
standards.