Impact of Unethical Behavior

Impact of Unethical Behavior University of Phoenix Financial business relationship II ACC 363 James Makofske May 15, 2007 In todays duty world, a telephoner cannot survive unless employees are able to accurately and efficaciously complete his or her job duties. A company whitethorn have a product or service of do that is essential for everyday life; however, if a company cannot matter on its employees to complete his or her job ethically, the company as a whole will not be successful. In personal credit line, ethics plays a major occasion in determine the success of a company. Ethics is the discipline of values and impost of a person or pigeonholing and covers the analysis and role of concepts such as right and wrong, undecomposed and evil, and responsibility (Merriam-Webster, n.d.). This opus will discuss an example of how wrong fashion impacts business and how the Sarbanes-Oxley Act has established new or enhanced standards for story and reporting prac tices. One of the most comfortably cognise examples involving unethical behavior is the Enron Corporation scandal. Enron Corporation was antecedently cognize for being one of the worlds leading electricity, natural swagger and communications companies but will now always be know for accounting snake oil and corruption. The company inform inflated estimates of income and did not report all debts that the company owed. In 2001, Enron Corporation fi guide for bankruptcy, which led to criminal investigations of money laundering, insider commerce and fraud involving pinnacle executives. Although top level executives at Enron were believably aware of the debt and the illegal practices, the fraud was not revealed to the public until October 2001 when Enron proclaimed that the company was actually worthy $1.2 billion less than previously reported (SecuritiesFraudFYI.com, 2006). When this information was revealed, investors, creditors and stockholders knew something was amiss. This behavior would have continued had it...! If you postulate to get a adept essay, order it on our website: OrderCustomPaper.com

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