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 un slight employees ar able to accurately and effectively complete his or her conjecture duties. A lodge whitethorn have a product or service of shape that is essential for everyday emotional state; however, if a partnership cannot occur on its employees to complete his or her job ethically, the company as a whole leave alone not be victorful. In personal credit line, morality plays a major section in determine the success of a company. Ethics is the analyze of values and impost of a person or classify and covers the analysis and role of concepts such as right and wrong, goodly and evil, and responsibility (Merriam-Webster, n.d.). This opus pull up stakes discuss an example of how unethical fashion impacts business and how the Sarbanes-Oxley arrange has established new or enhanced standards for story and account practices. One of the to the highest degree well cognise examples involving unethical behavior is the Enron muckle scandal. Enron Corporation was previously cognize for being one of the worlds leading electricity, native gas and communications companies nevertheless will now forever and a day be know for account statement 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 spotter for bankruptcy, which led to criminal investigations of cash laundering, insider trading and fraud involving summit executives. Although top level executives at Enron were likely aware of the debt and the felonious practices, the fraud was not revealed to the unrestricted until October 2001 when Enron announced that the company was truly worthy $1.2 billion less than previously reported (SecuritiesFraudFYI.com, 2006). When this culture was revealed, investors, creditors and stockholders knew something was amiss. This behavior would have keep had it... If you want to get a adept essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper