different explanations are offered for the collapse of Enron‚ the nation ’s seventh largest corporation‚ yet it ’s leadership was an obvious factor that contributed to Enron ’s demise. It will be completely erroneous‚ however‚ to think that the leaders of Enron were anything but superb. From 1997-2001‚ the leaders of this company transformed Enron into a "corporation of the new millennium" and a favorite of investors and analysts. Most leaders of Enron like Chairman Kenneth Lay‚ Chief Executive Officer
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How could the ENRON scandal been avoided? The Enron scandal could have been avoided had they had an organizational culture of honesty‚ integrity and ethics 1. There should have been stronger management and better ethical oversight. Even employees should have had a sense of the expected ethical values and try to maintain a strong sense of organizational culture. 2. There should have been measures in place to oversee the activities of accounting firms (Arthur Andersen)‚ as they acted as both Enron’s
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OUR LADYOF FATIMA UNIVERSITY COLLEGE OF COMPUTER STUDIES VALENZUELA CAMPUS ETHICS FOR I.T. PROFESSIONALS With legal aspects in computing SUBMITTED BY: SUBMITTED TO: Ramos‚ Juan Carlo G. Dr. Raymond S. Macatangga Cs424 / IRR1 Cs 424 Professor Grade Sheet In partial fulfillment in Bs Information Technology Computer Studies with a grade of: Dr. Raymond S. Macatangga Cs 424
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Ethics is a topic that is brought about mostly when science is involved. Ethics are the moral principles that determine the rightness or wrongness of particular acts or activities. Ethical issues concerning biological research are called bioethical issues. Some bioethical issues concern the topics of abortion‚ space exploration‚ cloning‚ etc. There are many pros and cons concerning the ethical issues. Pros support the issues and cons oppose the issues. In this report‚ I will be discussing the
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1. What problems did Enron encountered? Many went sour in the early months of 2001 as Enron’s stock price and debt rating imploded because of loss of investor and creditor trust Methods the company used to disclose (or creatively obscure) it’s complicated financial dealings were erroneous and‚ in the view of some‚ downright deceptive The company’s lack of transparency in reporting its financial affairs‚ followed by financial restatements disclosing billions of dollars of omitted liabilities and
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Fried Pataters Mr. Hahn Phil 2310 10 May 2010 Virtue Ethics and Ethics of Care Aristotle and Rita Manning both have different theories when it comes to ethics. Aristotle uses virtue ethics to answer questions about morality whereas Manning uses what is called ethics of caring to do the same thing. Virtue ethics claims people’s actions aim towards the highest good of happiness. From happiness‚ moral virtue stems from reasons governing the desires of the soul. Manning on the other hand believes
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proper in this case. Issue: The issue here is weather the conversation Stewart had with Mr. James Careful violated his rights. Also will filing a petition for a writ of habeas corpus be appropriate in this case? Rule: http://www.azbar.org/ethics/rulesofprofessionalconduct Model Rule of Professional Conduct 1.6 ER 1.6. Confidentiality of Information (b) A lawyer shall reveal such information to the extent the lawyer reasonably believes necessary to prevent the client from committing
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What is ethics? Ethics can be defined as a set of principles used by an individual to govern his or her decisions in an effort to ensure fairness and equality. Business ethics‚ as defined by the Stanford Encyclopedia of Philosophy is the applied ethics discipline that addresses the moral features of commercial activity. The same source also gives a history of business ethics which states that the concept as an academic principle is relatively young-only about forty years old; but in general is as
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Contents EXECUTIVE SUMMARY 1 INTRODUCTION 3 CHANGES IN REGULATIONS 3 CHALLENGES AND RESPONSIBILITIES 4 RESPONDING TO THE CHANGES 4 Research Studies 4 Response to Surbanes-Oxley Act 5 Response to the European Commission’s proposals 6 Enron Failure 6 Arthur Andersen failure 6 Lehman Brothers failure 6 Ernst & Young failure 7 Detection of fraud 7 Going Concern 7 MINIMISING LITIGATION RISK 7 Obstruction of Justice 8 Consultancy service 8 Conservative Audit 8 Conclusion
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................ 11-12 THE FRAUDS AT ENRON Enron committed all types of fraud‚ from mail fraud and shareholder fraud to security‚ wire fraud and money laundering. While analyzing these frauds it will be seen who committed the fraud‚ why did they commit it‚ how did they commit it‚ the penalty and punishment given to those who were apart of it‚ the key players‚ the penalty and punishment given to those who are innocent bystanders‚ the penalty given to Enron as a whole‚ how these types of frauds can
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