Impact of Unethical Behavior

Impact of Unethical Behavior University of Phoenix Financial Accounting II ACC 363 James Makofske May 15, 2007 In todays duty world, a telephoner can non survive unless(prenominal) employees are able to accurately and effectively complete his or her pedigree duties. A familiarity may have a proceeds or service of plow that is essential for everyday lifespan; however, if a confederacy cannot government issue on its employees to complete his or her job ethically, the company as a whole testament not be victorful. In personal credit line, ethical motive plays a major constituent in determine the success of a company. Ethics is the assume of values and impost of a person or conclave and covers the analysis and role of concepts much(prenominal) as right and wrong, smashing and evil, and responsibility (Merriam-Webster, n.d.). This opus go out discuss an example of how wrong fashion impacts business and how the Sarbanes-Oxley mo has established new or enhanced standards for story and insurance coverage practices. One of the virtually well cognise examples involving unethical behavior is the Enron peck scandal. Enron Corporation was previously cognize for creation one of the worlds leading electricity, inwrought gas and communications companies alone will now everlastingly be know for chronicle snake oil and corruption.

The company reported inflated estimates of income and did not report all debts that the company owed. In 2001, Enron Corporation fi head for bankruptcy, which led to criminal investigations of funds laundering, insider trading and fraud involving meridian executives. Although top level executives at Enron were likely aware of the debt and the wrong practices, the fraud was not revealed to the prevalent until October 2001 when Enron announced that the company was actually worthy $1.2 billion less than previously reported (SecuritiesFraudFYI.com, 2006). When this instruction was revealed, investors, creditors and stockholders knew something was amiss. This behavior would have continue had it... If you want to get a adept essay, order it on our website: Ordercustompaper.com

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