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enron - ethics

Essay specific features

 

Issue:

Business

 

Written by:

Fred D

 

Date added:

September 26, 2014

 

Level:

 

Grade:

A

 

No of pages / words:

3 / 564

 

Was viewed:

9990 times

 

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Essay content:

Enron senior management gets a failing grade on truth and disclosure. The purpose of ethics is to enable recognition of how a particular situation will be perceived. It is recognized that a certain amount of puffing, exaggeration, and bluffing is part of the business game. When does it become a problem that your ethics don’t even matter anymore and you break major rules of ethics? Ken Ley and Jeffrey Skilling are at the top of the list of liars and deceivers in what is one of the biggest business scandals in the history of modern business...
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But they are not the only ones to be blamed, even though they were the leaders. Accountants, financial institutions, and financial analysts role is to serve shareholders and potential shareholders in rectifying the information asymmetries that exist when shareholders deal directly with the company. Enron’s accountants, including Arthur Anderson, and many Wall Street analysts ratified and legitimized the company’s scenarios and statements regarding its prospects...
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