Question

what are the long term ethical implication of window dressing ?

Answer 1

Answer:

Window dressing is also known as cooking of books of account. i.e. deviating the correct picture of financial statements by falsifying the accounting of transactions. Its has long term implications.

Explanation:

Long term Implications:

1) Loss of goodwill amongst the society

2) Professional dis-repute

3) Unfair transaction resulting in legal complications to the business entity

4) Huge loss to shareholders who have invested hard owned money into the business.