1. Enron and bad ethics
It seems companies are more and more becoming a risk because of poor ethics and financial reporting. ... It does not do any good to have a code of ethics hangs on the wall and is not practiced. Promote their ethics plan and start to regain employee trust. All ethics have to be practiced from the top down. Enron's code of ethics answered such questions such as "What is important in the company?" ...
Prior to reporting a negative financial report for their customer Enron, CPA's at the firm Arthur Anderson received orders from Enron's legal staff to destroy financial documents that would report the company's shortcomings. ... Ethics has been a continuing focus for the Board to pay attention to in order to boost corporate responsibility. ... (AICPA,Sarbanes-Oxley)The new laws were created with multiple goals in mind: • Prohibit auditors from providing non-audit services to audit clients, except with oversight board pre-approval; • Require CEOs and CFOs to certify...