Enron

In 2001 the Enron scandal was bust and every aspect of the inhabit they did business was out in the open. Stocks went up fast and the perimeter board of directors was very apt with this success. Eventually it was discovered deuce sets of books were creation kept by management and this lead to a downward(prenominal) spiral for the guild and it became mindful that the company was using soggy accounting practice and were unethical in the way they did business. Enrons highest level of management was knobbed in the corruption. Executives took part in altering their income statements in establish to fool investors in turn over Enron was doing great while lead the firm into debt. Enrons comptroller Arthur Andersen who was a consultant for the company had an interest in the company. The much than money brought in the to a greater extent business he saw. That correctly there was a date of interest. All of that added to the controversy and could break been pr all the sameted if more(prenominal) ethical practices were used. in that location were no ethical or chaste accounting practice followed.

There was fraudulent auditing and shredding of big documents. The accounting firm knew exactly what was vent on and never reported, save helps to cover it up. Being the controller for the company, I would withstand acted professionally and ethically. The first cadence I would have taken is cite sure what I am looking at is correct, not knowing who all is problematical possibly even go to the SEC and let them step in. By not avocation ethical standards the company upset billions of dollars along with some(prenominal) employees losing their jobs all so these top executives cover their failed ventures up.If you fate to enchant a right essay, order it on our website: Orderessay

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