Review the Enron case information presented in the textbook. If you were a high-level leader in this corporation‚ how might applying your personal ethics have changed the outcome? Greed‚ power and personal satisfaction are all characteristics that motivate people to do things that might not always be in the best interest of others. In the case of Lay and Skilling‚ along with dozens of other executives‚ this is exactly what happened. There was no acceptance of blame‚ only ignorance and death.
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groups or non-criminal‚ different‚ differentiated or differential‚ for Sutherland was the only possible explanation of the behavior Criminal. The theory of Sutherland is clearly reflected in this film: “Enron: the smartest guys in the room”. The ambition of the top executives of Enron: Jeffrey Skilling‚ Kenneth Lay and Andrew Fastow led them to commit the fraudulent bankruptcy
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Ethical Observations Sean Kearns ACC291 May 27‚ 2012 Unethical accounting behavior and the resulting practices of it within businesses today is a very hot topic since the Enron accounting scandal of 2001. One might ask how does a scandal of this proportion come to be and can it happen again? What situations could lead to unethical behaviors and practices in accounting today that might cause history to repeat itself? The author intends to answer these questions and shed light on some insight
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References: http://today.msnbc.msn.com http://www.creatingloyalty.com/story.cfm?article_id=165 Morris‚ G. (1998). The Importance of Integrity. http://ministryhealth.net/mh artcles/218 gm importance integrity www.cnnmoney.com Pasha‚ S. (2006). Former Enron CFO sentenced to 6 years. www.scribblers-ink.com Scribbler’s Ink (2005). What Do You Stand For? www.navpress.com Tamsey‚ R. (1987) Integrity in the Workplace. www.msnbc.msn.com The Associated Press (2005) Ex-Tyco CEO Kozlowski found guilty.
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Bibliography: Enron in context: perfectly legal creative accounting. (2013). Retrieved 2013‚ from epress.anu.edu.au: http://epress.anu.edu.au/ethics_auditing/ch02s03.html Cotter‚ D. (2012). Advanced Financial Reporting A Complete Guide to IFRS. Prentice Hall/Financial
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misrepresenting or misstatements in financial statements etc. However‚ accountants are required to behave ethically and professionally by providing clear‚ accurate information. In other words‚ true and fair statements are to be provided by accountants. Enron‚ Tyco international‚ are examples of accounting scandal. There’re some reason that cause those ethical issues arise which is due to the greedy mindset of accountant‚ tempted by money and take chance to fraud‚ Pressured by company’s executive and so
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The possibility of non-verbal communication — A discussion on the Expectancy Violations Theory of Judee Burgoon Introduction In addition to verbal communication‚ the use of non-verbal communication in daily life is actually frequently. Birdwhistell (1970) found that 63% of human communication are non-verbal interaction.[1] Sometimes‚ non-verbal communication is more powerful and more influential than verbal communication. This paper aims to through the Expectancy Violations Theory (EVT)
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ASR 22420-Part 1 of the Assignment Part A Accounting numbers take part in an importance role of decision making‚ contracting and stewardship. Besides‚ accounting numbers are used mainly for decision making. They are also measures used in management compensation contract because of the following reasons: According to Ross et al (2011)‚ in order to motivate managers act in the shareholders’ interests. It is known that a company is owned by its shareholders but the management is separate from the
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legislation since the Securities Act and Securities Exchange in the 1930s. It is mostly understood as a process that implemented major reforms on the particular schedule specified by Congress. Many large companies such as Arthur Anderson‚ Enron‚ and WorldCom were affected. The Enron and WorldCom disasters offered the motivation from the community outrage that required many of the on hand reform proposals into effect for publicly traded companies. Many of these existed for years lacking adequate political authority
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Teleology‚ an explanation of phenomena by the purpose they serve rather than postulated causes‚ has found its place in the construction of many systems of morality such as John Stuart Mill’s theory of Utilitarianism. In teleological approaches to morality‚ questions of right and wrong‚ or the notion what an individual ought to do‚ are determined by the consequences of a given action. One thinker to reject this idea of consequentialism was Immanuel Kant. In his Groundwork of the Metaphysics of
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