  Employees of companies involved in violations of accounting ethics can experience negative impacts, including loss of jobs and professional reputations. In addition, an unethical work environment can lower employee morale and productivity.
Companies that engage in accounting ethics violations may face serious long-term repercussions. Decreased customer loyalty can result in decreased revenue, and difficulties in recruiting quality talent can affect the company's innovation and growth. Additionally, companies may face increased operating costs due to sanctions and fines, which can reduce overall profitability. In the context of intense competition, these impacts can make it difficult for companies to compete in the market.
 B. Examples of Cases of Accounting Ethics Violations
1. Enron
  Enron used SPEs to hide debts and manipulate financial statements. This practice violates the principles of integrity and objectivity in the accounting code of ethics. As a result, Enron went bankrupt with debts reaching more than $31 billion. Thousands of workers lost their jobs, and investors lost the value of their investments.
2. AIG
  AIG is being investigated by the SEC for conducting reinsurance transactions that defraud investors. As a result, AIG lost many customers and struggled to recover its position in the industry. This example shows how violations of accounting ethics can lead to significant reputational and financial losses.
3. PT Asuransi Jiwasraya
  PT Asuransi Jiwasraya violates the basic principles of accountant ethics such as integrity, objectivity, competence, and professional behavior. They engineered financial statements, causing significant losses to the company and society. This example shows how violations of accounting ethics can lead to widespread losses and long-term impacts.
 4. Reform and Change
Violations of accounting ethics often trigger reforms in business and accounting regulations. The most famous example is the Sarbanes-Oxley Act enacted in 2002. The law introduces stricter requirements for corporate financial reporting and adds responsibilities for the board of directors and external auditors. This reform aims to increase transparency and integrity in financial reporting, thereby preventing violations of accounting ethics in the future.
