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Ethics and legislation

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Can the current ethics problems be solved through legislation? If not, what is the solution?
Relate to Accounting and Financial Reporting

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Solution Summary

The current ethics problems be solved through legislation is examined.

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Most likely, the ethical violations cannot be solved through legislation alone. While tougher punishments for unethical behavior in financial reporting may give way to deterring individuals from doing the unethical act in the first place, deterrence has proven to not work time and time again. This means ...

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