Impact of Unethical Behavior

Impact of Unethical Behavior University of Phoenix Financial Accounting II ACC 363 James Makofske May 15, 2007 In todays duty world, a telephoner cannot survive un slight employees ar able to accurately and efficaciously complete his or her crinkle duties. A ac society may have a carrefour or service of subprogram that is essential for everyday livelihood; however, if a company cannot tour on its employees to complete his or her job ethically, the company as a whole forget not be masteryful. In personal credit line, morals plays a major piece in determine the success of a company. Ethics is the reputation of values and impost of a person or classify and covers the analysis and role of concepts such as right and wrong, ripe(p) and evil, and responsibility (Merriam-Webster, n.d.). This opus forget discuss an example of how unethical fashion impacts business and how the Sarbanes-Oxley bear has established new or enhanced standards for story and account practices. One of the near well cognise examples involving unethical behavior is the Enron fellowship scandal. Enron Corporation was previously cognize for organism one of the worlds leading electricity, ingrained gas and communications companies nevertheless will now of all time be know for score snake oil and corruption.

The company reported inflated estimates of income and did not report all debts that the company owed. In 2001, Enron Corporation fi extend for bankruptcy, which led to criminal investigations of cash laundering, insider trading and fraud involving big top executives. Although top level executives at Enron were likely aware of the debt and the vile practices, the fraud was not revealed to the familiar until October 2001 when Enron announced that the company was genuinely worthy $1.2 billion less than previously reported (SecuritiesFraudFYI.com, 2006). When this breeding was revealed, investors, creditors and stockholders knew something was amiss. This behavior would have continue had it... If you want to get a adept essay, order it on our website: Orderessay

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