The cost to taxpayers such as employees is estimated at billions of dollars for: unethical practices in financial reporting.
What is taxation?
Taxation is the involuntary fees that are levied on individuals or business firms by the government of a particular country, so as to generate revenues that can be used to fund public projects, institutions and activities.
What are ethics?
Ethics simply refers to a set of unwritten and written standards, principles, values or rules of moral conduct that're established to guide human behaviors, especially with respect to their relationship with others.
Based on historical financial accounting records, we can infer and logically deduce that the cost to taxpayers such as employees is estimated to be at billions of dollars for their engagement in unethical practices in financial reporting.
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