Impact of Unethical Behavior

Impact of Unethical Behavior University of Phoenix Financial be II ACC 363 James Makofske May 15, 2007 In todays duty world, a telephoner cannot survive unless employees are able to accurately and in effect complete his or her job duties. A company whitethorn have a product or service of service that is essential for everyday life; however, if a company cannot depend 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 business office in determine the success of a company. Ethics is the orbit of values and impost of a person or host and covers the analysis and role of concepts such as right and wrong, sfountainhead 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 practices. One of the most well cognise examples involving unethical behavior is the Enron Corporation scandal. Enron Corporation was antecedently cognize for being one of the worlds leading electricity, natural tout 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 duty and fraud involving pinnacle executives. Although top level executives at Enron were potential aware of t he debt and the illegal practices, the fraud! was not revealed to the public until October 2001 when Enron announced that the company was actually worthy $1.2 billion less than antecedently 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 hope to get a adept essay, order it on our website: OrderCustomPaper.com

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