This paper will address and analyze the different ethical issues and the questionable accounting practices that occurred to one of the largest accounting firms in the United States. We will look and review the mandated requirements for legal compliance (from Chapter 4) and determine which requirements apply to the Arthur Anderson case. Then we will discuss how the issues with the Arthur Anderson case may have played out differently if the Sarbanes-Oxley Act had been enacted in 1999. Next we will
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Ethical and Moral Issues Cynthia Crawford MGT 216 January 6, 2011 Frederick Pringle Today’s business world is experiencing changes concerning ethics. This paper will give an overview of the differences between moral and ethical issues pertaining to the business world and review differences between personal and business ethics. Finally, I will give real-world examples of common ethical problems past and present in the business world. According to DeGeorge, “Morality consists of rules of
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Abstract Trust between employees and management within an organization directly affects the organization’s ability to perform the function for which it was created. In addition trust directly affects the well being of employees as well as their ability to perform their tasks. Recent historical events suggest that trust between employees and management has been negatively affected however, with the enactment of new laws and ethics policies has there been a strengthening of this trust relationship
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Examining Enron's Failure Organizational-behavior theories help to understand the effects of leadership, objectives, individual characteristics and action, and employee behavior and attitudes within an organization. It also explains the effects of internal environments, such as culture, the structure of the organization, resource and task allocation, and external environments such as competition or government regulation. These factors contribute to the performance, success or failure, and survival
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Analyze the ethical dilemma faced by Antonio Incidents such as these - and today's heightened sensitivity to the risks of the insider threat - force organizations to redefine their screening strategies as part of their risk management approach. No longer is the focus solely on pre-hire background screening. Increasingly, organizations are engaging in continual screening, to catch anomalous activity that could be a precursor to actionable behavior. And they also are embracing policies and procedures
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ENRON: QUESTIONABLE ACCOUNTING LEADS TO COLLAPSE CRYSTAL RUFF GLOBE UNIVERSITY ABSTRACT This paper summarizes the article listed in reference that reported on the demise of Enron and the contributing factors that led to the financial downfall of a great company. The roles of the corporate culture, Enron’s financial staff, and even the chief financial officer are all to blame for the events that lead to the finality of the company that resulted in bankruptcy. While Enron boasted about
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incentives to encourage organizational compliance programs, speaks directly to the Arthur Anderson case. Our text states, “Gatekeepers such as lawyers, financial rating agencies and even financial reporting services must have high ethical standards.” High ethical standards don’t just happen they are enforced. Without compliance programs, loopholes are created for the dishonest. Discuss how the issues with the Arthur Anderson case may have played out differently if the Sarbanes-Oxley Act had
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Enron, Hurricane Katrina Examples of Leadership Gone Wrong Poor crisis leadership was on display after Hurricane Katrina and during the financial crisis The New Orleans masses who huddled in the Superdome after Hurricane Katrina, the Enron retirees who lost their life savings, and the laid-off workers buried under the economic ruin of financial companies all live with a simple truth. Just as spectacularly as great leadership can spark success, failed leadership can bring down cities, businesses
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of the Literature Concerning Ethical Leadership in Organizations Kelly Monahan Regent University The following article explores the literature regarding the topic of ethical leadership. Thirty-eight articles were identified that are written by authors who focused on four main topics. These topics are the definition of ethical leadership, the personal integrity and morality of a leader, how a leader ethically influences followers, and current challenges facing ethical leaders. These four topics are
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and formed Enron. The former president of Inter North, Sam Segnar became the president of the newly formed Enron. It was then that it appeared that the corporate culture had changed. Unlike Segnar's predecessor, Willis Straus who was loved by all within his company and achieved an open culture where employees were treated fairly Segnar was often disliked and held in disdain. It appeared that Segnar was an elitist who separated the working class from management so the newly formed Enron began its
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