Enron

In 2001 the Enron scandal was broke and every aspect of the populate they did business was out in the open. Stocks went up fast and the circuit board of directors was very happy with this success. Eventually it was discovered dickens sets of books were creation kept by management and this lead to a downward(prenominal) spiral for the company and it became aware that the company was using baggy accounting practice and were unethical in the way they did business. Enrons highest level of management was multiform in the corruption. Executives took part in altering their income statements in order to fool investors in trust Enron was doing great while running the firm into debt. Enrons control Arthur Andersen who was a consultant for the company had an interest in the company. The more(prenominal) than money brought in the more business he saw. That justly there was a conflict of interest. All of that added to the controversy and could impart been pr all the sameted if more ethical practices were used. at that place were no ethical or moral accounting practice followed.

There was fraudulent auditing and shredding of big documents. The accounting firm knew exactly what was sacking on and never reported, but helps to cover it up. Being the accountant for the company, I would withstand acted professionally and ethically. The first pervert I would have taken is make sure what I am looking at is correct, not knowing who all is involved possibly even go to the SEC and let them step in. By not following ethical standards the company bemused billions of dol lars along with some(prenominal) employees ! losing their jobs all so these top executives cover their failed ventures up.If you deprivation to enchant a full essay, order it on our website: BestEssayCheap.com

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