Unethical practices in accounting and accounting frauds

Business ethics are more than moral values and principles that determine our conduct in the business universe. It refers to the commercial activities, either with other business houses or with a single customer. They can be given to all facets of the business; from generation of an approximation to its sale. Line of work uses the company for its resources and functioning, thereby obligating it to the benefit of thecompany. While the objective of all business is to draw profits, it should contribute to the interest of the company by ensuring fair practices. Still, greed has led the present business scenario towards unethical business practices, legal complications and general distrust.