Question: 1) Read the article "Ethics In Accounting: The Consequences Of The Enron Scandal." This article is part of the readings for the week and can be found through the DeVry online library. Let's point fingers for a minute. Who is to blame for Enron? The executives? The Board of Directors? The auditors? Tell us what you think!
2) Given the pervasiveness of ethical issues in business and society today, explain the forces responsible for the changes in the public's expectations for corporate ethical behavior, as well as the public's expectations of accountants who audit these corporations (navy). Enron shows how an aggressive corporate culture that rewards high performance and gets rid of the weak links can backfire. Why did Enron's culture encourage fierce competition, not only among employees from rival firms, but also among Enron employees themselves?
3) Read the article "Ethics In Accounting." This article is part of the readings for the week and can be found through the DeVry online library. The first sentence of the article says "Ethics in Accounting is one of the most important, yet most misunderstood, concerns in the world of business today." Do you agree or disagree with this statement?
4) Class, Explain how these virtues relate to an auditors' intention to make ethical decisions.