Objectives • Ask Why‚ Asshole? • Identify the types of threats professional accountants encounter and identify ways of minimising these. • Outline the disciplinary procedures for accountants. • Discuss the role of ethics in a global environment Enron: The Smartest Guys in the Room? Threats to Accountants • Code of Ethical Conduct • Compliance with these principles may be undermined by the following 5 threats from APES 110: • Self-Interest Threat ▫ may occur as a result of the financial or
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Behavior and the Failure of Enron Germaine Washington LDR/531 February 13‚ 2012 James Kaczynski Organizational Design and the Failure of Enron This is an analysis of how the application of specific organizational-behavior theories could have predicted the failure of Enron. Although there are many types of core topics of organizational behavior‚ the focus of this study will be on how leader behavior and power‚ and motivation contributed to the bankruptcy of Enron. In addition‚ a comparison
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EXPLAIN THE MAIN STRENGHTS OF A UTILITARIAN ETHICAL SYSTEM [25] 27/9/13 Utilitarianism‚ the theory that actions are right if they useful for the majority‚ the greatest happiness and pleasure for the greatest and majority of people. Jeremy Bentham (1748-1832) was an English moral philosopher concerned with social reform‚ Bentham wanted people to seek pleasure and avoid pain. On the other hand John Stuart Mill (1806-1873) who was a great admirer of Bentham; however‚ he believed
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David Beckam Dropbox 4 Business Ethics A Utilitarian Argument in the Ford Pinto Case In 1971 Ford Motor Company decided they wanted to create a compact car that could compete with the other Japanese manufactured cars. It rushed from its inception to its actual production. In the end‚ these cars proved to be one of the most dangerous ever produced because of their extreme flammability in instance of rear impact collision. The decision by Ford to not recall any of its cars‚ and not fix
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Running head: Enron and Ethics Enron: An Ethics Case StudyEnron: An Introduction The previous decades have seen the birth and meteoric rise of several corporate giants such as Microsoft and Apple‚ both of which have all but become household names in this day and age. Neither achieved their level of success overnight‚ especially not since they have long been known to be in direct competition with each other. On the contrary‚ both of them have had their share of scandals and controversies
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Papazian Accounting for Enron Introduction In the case of Accounting for Enron‚ the case concerned one of the largest corporate bankruptcies in the US history at the turn of the 21st century. It was Enron Corporation‚ a one time seventh largest most successful US company‚ sixth largest energy company in the world‚ valued at over $70 Billion; they filed for chapter 11 on December 2‚ 2001. Just the year before‚ Enron posted a 57% increase in sales between 1996 and 2000. And Enron shares hit a 52-week
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Retributive‚ Utilitarian and Rehabilitative Justice Compared The three justice theories or views‚ which include utilitarianism‚ rehabilitative or a retributive style of justice‚ are multifaceted. It is not easy to sum the aspects of each without lengthy discussion. Therefore‚ I will try to maximize my efforts and offer concise answers. It is fair to note that my belief system correlates strongly with retributive style justice theory. Nevertheless‚ I will compare all three theories accordingly.
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How might theories of leadership and group identity help to explain the Enron collapse? Leadership means to motivate‚ influence and enable others to helps contribute towards the sucess of the organisation. The leadership of a company is one of the biggest reasons why a company will either fail or suceed. The leadership is the reason why Enron as a company failed‚ the leaders were inside trading with the companies stock shares for almost 10 years‚ which caused them to lose over 11 billion dollars
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other words the ability to think and form logical judgements.(2) He believed that this moral reasoning is a priori‚ which meant that there is no knowledge needed of the outcome of an action to know if it is right or wrong.(2) His theory is an example of a deontological theory – the rightness or wrongness of our actions depends on if the action fulfils our duty. (1) Nothing is good in itself except a good will (to act from principle).(1) Our actions only have moral worth if we act from duty.(1) The
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Question : What is Utilitarianism? Identify and discuss the arguments for and against using Utilitarian principles in the workplace. Utilitarianism is an ethical theory that proclaims that the morally right course of action in any given situation is the one that produces the greatest amount of pleasure over pain for everyone affected (Ferrell‚ Fraedrich &Ferrell 2008).This is evident in business decision making processes done by analysts‚ legislators and managers‚ for instance on deciding
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