Submitted by: Submitted by tomzhangggggg
Views: 177
Words: 947
Pages: 4
Category: Business and Industry
Date Submitted: 10/08/2014 10:21 PM
Q1 Do you think that the events recorded in this chapter are isolated instances of business malfeasance, or are they systemic through the business world?
I think that the events recorded in this chapter are systemic through the business world .These case of Bankruptcy are actually in very similar situation. Enron Aurora food inc Sunbeam corporation and west management are all involved in accounting fraud. Besides that, Enron and WorldCom they all use the same auditor Auther Anderson
Is there anything else that can be done to curtail this sort of egregious business behavior other than legsilation
First of all I think Education is good way. Ethics on business world are always on a embarrassed place. Businessmen are always talk about it but in term of the profit they always pursue Profit.Therefore they are lack of a deep understanding to Ethics.Education is good way to slove this problem.If every one lives in the ethical business world,where does the fraud comes from ?
What aspects of the enron Governance system failed to work properly and why ?
Manager's fraud is first one. What the director of company pursue is only profit. In order to get high profit manager are fraud and pay their auditor to make these things happen
How would you characterize Enron's corporate culture ? How did it contribute to the disaster?
Enron's corporate culture is risk and profitability or even greedy . On Enron, their obejcetives can be concluding as 3 high which are high profit high growth and high share price So in order to get these objective comes ture Enron start taking risk to making fraud
1) What did Arthur Andersen contribute to the Enron disaster?
Arthur Andersen (AA) contributed to the Enron disaster when it has failed to the management by failing to have Enron establish and enforce its own internal control. There has been flaws to AA‘s internal control. There has been assumption that AA partners were too motivated by revenue recognition thus, overlooking...