What Is the Difference Between Illegal Behaviour and Unethical Behaviour

question 249

Short Answer

What is the difference between illegal behaviour and unethical behaviour?
What is illegal varies from country to country, but what is unethical does not.
Illegal behaviour is that which breaks a country's laws, but unethical behaviour may not break any laws.
It is not possible to say what the difference is between illegal and unethical behavior.
Illegal behaviour covers a broader range of issues than unethical behavior.
There is no real difference between illegal and unethical behavior.

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Definitions:

Sliding

A term often used in various contexts to describe a gradual, steady movement or shift from one position or condition to another.

Accounting Cycle

A sequence of steps undertaken in a specific order by businesses to handle their financial transactions from their inception to their inclusion in the financial statements.

Recording Journal Entries

The process of documenting all financial transactions of a business in the double-entry accounting system through debits and credits.

Posting

The act of recording financial transactions in the appropriate ledger accounts as part of the accounting process.