Major accounting frauds of the last decades and the need for ethical judgement

Abstract

The aim of this article is to explain and focus on the need for ethical judgement in accounting through analysing the accounting frauds of the last decades. Accuracy and transparency are of major necessity when aiming to omit such cases, so the accountant profession should provide high standards services. In response to that, this article takes a look on several examples, their correspondent accounting environment and draws the conclusion that ethics awareness should be risen among worldwide accounting. JEL: M40; G10