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This approach was legal and acceptable under FASB rules at the time. The Enron-specific problem arose when Enron did not consolid...

the development of the local economy and create jobs (Vachani, 1995). If we look at the situation in India, there is a need for m...

corresponding functional interest in them * The interests of all stakeholders are of intrinsic value (Donaldson et al, 1995, pp. 6...

these contributions finds one incorporating the interests of ethics and morality within the corporate structure, essential concept...

problems were already apparent. In the annual accounts, debts had been understated and profits had been overstated to the amount o...

of philosophy dealing with right and wrong and the morality of motives and ends" (Shaughnessy, 2002, p. 20). But questions of ethi...

effect to such things, and these situations are no different. When people lose jobs, families suffer, economies suffer, communiti...

may have severe problems, but it is in the interests of all parties for the company to gain some portion from creditors to allow i...

for bankruptcy due to its inability to hide such tremendous losses any longer. It took a matter of three month for the company to...

and employees. So, it becomes imperative that when considering the effective management of ethics structures to pay attention to...

This demand is impacted by information regarding that share as well as market conditions. In the case of Enron and WorldCom the we...

collapse of the company. One can only conclude that these executives decided that it was worth the risk to take actions that were ...

to less than $1 (Explaining the Enron bankruptcy, 2002). The companys implosion cost thousands of employees their jobs as well as ...

sort through the shards of Enrons collapse, the concept of corporate governance can make a difference in many areas as it enhances...

of international standards. It is only if there are international standards that international stakeholders may be able to see acc...

evident that much fraud can be discovered before it is too late. While this was not true in the case of Enron, the evidence has s...

processes (Chidi, 2002). Some of the accounting techniques used at WorldCom in order to supplement R&D write-offs included the use...

share price performance. There are also the wider culture issues that encourage this and place an onerous duty on those who may be...

principles of accounting in the U.S. (Larson et al, 2001). Since that time, a number of authoritative bodies have been instituted ...

Businesses must maintain integrity and they do this "within a framework of the law and ethics" (2000, p.17). Some firms have imple...

and do this? This provides an example of a moral individual who is placed in a slightly unmoral situation. In this regard,...

is precisely what Enron did (Thomas, 2002). Because of this, Enron, before everything collapsed, boosted valuation estimates, with...

does believe that: "most SPEs serve valid business purposes, such as isolating assets or activities to protect the interests of c...

to be on a continuing growth streak. Enron did not use proper or prudent caution in their diversification strategies. There did ...

At the time, the SEC had examined the reports of many publicly-held companies and had required more than 100 to restate their resu...

a result of ending some of the companys more obscure partnerships (Leonard, 2001). And, it was these partnerships that severely h...

benefit from various government subsidies, it also cheated millions of shareholders using questionable accounting practices design...

audit functions were in accordance with Generally Accepted Accounting Principles (GAAP), hiding debt in dummy corporations, as wel...

Johnson pulled all Tylenol products off the shelf at great cost in order to ensure the safety of consumers. The Company did this,...

as consumers have an increased awareness of less tangible aspects, such as corporate governance and ethical and moral responsibili...