Since ages or centuries, we have enough examples of unethical practices some people/party, where other parties get affected, at least to some extent. Sometimes bribe giver and receiver do the act with ‘mutual agreement/consent' and they justify the ‘act'. They accept the ‘act' as harmless...

We investigate whether municipal financial managers face labor market consequences following accounting restatements. The evidence suggests that municipalities that disclose accounting restatements are more likely to experience turnover in the top financial manager position than a control sample...