Consequences of Unethical Accounting

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Across
  1. 1. Job losses employees face when a company fails from a scandal
  2. 3. What investors may do to a company for fraud or misrepresentation
  3. 5. Regular checks that help prevent and detect fraud or errors
  4. 8. Moral standards that keep accounting truthful and reliable
  5. 11. The intentional ______ or distortion of financial information
  6. 13. Unethical accountants often overstate this to look more profitable
  7. 15. Honest, open reporting that ethical compliance promotes
  8. 16. Employee motivation and ______ drop when fraud is discovered
  9. 19. Stakeholders who rely on accurate statements to make decisions
  10. 21. Repeated scandals erode investors' ______ in the market
Down
  1. 1. Debts some companies hide using off-balance-sheet entities
  2. 2. Ethical compliance helps preserve a company's good ______
  3. 4. Severe financial collapse a scandal can push a company into
  4. 6. Overvaluing this is one way of inflating a company's assets
  5. 7. Owners of company stock who can lose money in a scandal
  6. 9. Intentionally deceiving people with false financial information
  7. 10. Professional body that sets ethical standards for accountants
  8. 12. Concealing these means not reporting write-downs or impairments
  9. 14. Understating these makes a company look better than it really is
  10. 17. A person protected when they report unethical behaviour
  11. 18. Stricter ______ governments may impose after big scandals
  12. 20. Society loses this in business after major financial scandals