Gsa Ethical Breach

Financial Accounting 557 |

Review of Account Ethics |

General Services Administration (GSA) |

|

Amanda Smith |

4/24/2014 |

Discussed within this paper are the ethical breaches from 2010 and 2011 of the General Services Administration and the widespread changes that stemmed from the revelation of these breach. |

In recent years, ethical breaches in accounting have become extremely problematic for many private and governmental organizations. As businesses continue to grow, the number of unethical and immoral corporate practices has escalated. For example, according to the textbook, Financial Accounting by Weygandt Kimmel Kieso 8th Edition (2012), “ethics is the standards of conduct by which one’s actions are judged as right or wrong, honest or dishonest, fair or not fair”(p.7). Over the last few years, there have been numerous examples of businesses, corporations and government agencies receiving media attention over significant financial ethical breaches. One significant entity is undoubtedly the United States (U.S.) governments’ General Services Administration (GSA). The GSA has become infamous for two recent unethical financial decisions that culminated between 2011 and 2012 that has resulted in significant widespread backlash and criticisms from the U.S. government and its taxpayers.

The GSA was established as an independent agency for the U.S. government. It was established in order to manage, equip, an directly support U.S. federal entities to include but not limited to the Central Intelligence Agency (CIA), the Defense Intelligence Agency (DIA), the Department of Homeland Security (DHS), U.S. military organizations and other federal agencies. Additionally, the GSA was reportedly designed “to deliver the best value in real estate, acquisition, and technology services to government entities and the American People”. (U.S. General Services Administration: Mission and Priorities. Retrieved from http://www.gsa.gov/portal/content/100735)...