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Essay

Lessons Learned from Enron's failure

Essay specific features

 

Issue:

Business

 

Written by:

Benny D

 

Date added:

May 9, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 825

 

Was viewed:

307 times

 

Rating of current essay:

 
Essay content:

The failure of Enron points to an unparalleled breakdown at every level of the management as they are out of the system. Enron’s management is lack of socioeconomic view that does not concern the social welfare and not just with the corporate profits . Next, the reason to Enron’s failure is because of the ethical behavior of accountants and managers...
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The accountants were both complacent and incompetent enough to certify Enron’s financial statements. This is because they lack of solid ethical framework, and with further push from the managers, it affects these accountant’s ability to work. In my opinion, they were given a choice, whether their actions will be rewarded or punished by their supervisors...
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