Ethical issues in business.
Financial deception
We are going to talk about that global issue which is by far one of the most concerning. And that is, unethical financial practices or simply wrong doing in accounting. "Cooking the books" is a slang for using accounting tricks or manipulating a company's financial work to look better.
So the question is, WHY DO THEY DO IT?
Well of course the answer is simple, to make their re
cords look better, to evade taxes, to attract shareholders, for gaining profits, and so many other reasons which are in fact should not be done by any firms or individuals since they are unethical.
The next thing which comes in our mind is, What we can do to lower these rates of fraud?
The answer would be, by making ourselves more aware and be more vigilant about the things that occur globally and learn from them, so as not to get caught up in all those and informing our friends and families so they also develop a shield from all those frauds. There is more to that you can do, you can report if something comes across you to Consumer Fraud Protection.THANKS,
MD ALI KHAN
In todays date the fraud cases are increasing rapidlly because of malware and software being used by hackers and fraud person.we have to be very careful wile sharing our personal details and should avoid keeping those details in online cloud storage.soo many advertisment are coming on television to avoid this fraudism.ao every citizen must aware of the rules set by the specially bank not to share any personal bank details even if they are telling that they are bank employee.
ReplyDeleteIn today's days there are many fake call and messages came to ask about your personal details even about the bank details.so we should not reply to them before u examine them.it could be hackers or hazards company.so we should aware of all this things.
DeleteFraud prevention is one of the biggest challenges facing small business. Due to the lack of resources necessary to effectively protect themselvesThere are several reasons it’s so easy for small companies to be victims: lack of money for security measures, employees performing multiple tasks across several departments, and inexperienced workers. Fraud can occur in any aspect of business, from employees to purchases and everything in between.
ReplyDeleteFaurd is also become a business to stop this awareness very important ,in many poor pepole suffer alot due to lack of information no bank ask to provide details on call
ReplyDeleteWe are the people of 21st century and these days every second person you meet is a fraud and you can't recognize by their face and looks.we have to be very careful while talking to any stranger. It's totally depend upon us that we are going to deceive by the trickster or raise our voice against the cheaters.
ReplyDeleteIf I m not sure about an company is doing fraud thing.... Than what will i do about that company
ReplyDeleteScams can be difficult to recognise, but there are things you can look out for.
Deleteyou can file a reports on them
if you want any information you can get the information by RTI(The RIGHT TO INFORMATION)
In todays era it's very important to be aware with these frauds and keeping one thing in mind that as a seller we should be transparent with the consumer. The most important thing I want to include is quality.Offering a client a worse product for your own profit is an example of these frauds.
ReplyDeleteconsumer should always be aware of their rights and remedies available to them ,so that they can't be deprived by the frauds and cheaters and it's the responsibility of the consumer to ask each and every small detail of the product which the seller is selling them.
DeleteThe author does a fine job highlighting the topic. Hoping to read some more on this by the same guy in the future.
ReplyDeletehello ali,you know whats problem in this world people only thinking for money so no one cares about health or what ever beneficial to all of us..so whats your thought regarding this artical. ..
ReplyDeleteAnd bro good whises for you career..
Its absolutely true, i can't deny from this fact but there are people who still exist to help poor and needy instead of earning more and more money in an illegal way. Good people with good intention are also in this world. At the same time we can't resist goodness
DeleteThanks for sharing valuable information.
ReplyDeleteTinplate Company of India Ltd
Larsen & Toubro Ltd