Unethical Behavior Article Paper

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Effect of Unethical Behavior Article Analysis Wayne B. Alves ACC291 September 10, 2012 Cameo Christopher Effect of Unethical Behavior Article Analysis The 2001 Enron scandal--its financial collapse, criminal trials and bankruptcy, rocked corporate America. As a result, safeguards have been put in place to detect signs of unethical business behavior and accounting practices. While not all unethical business behavior results in falsified accounting documents and securities fraud, there remain many undesirable and unethical behaviors that should be monitored and averted. According to Debra Bacon, an eHow Contributor, states that unethical behavior covers a wide range of deeds, however, the more common include: sexual harassment, falsifying documents, using company resources for personal use, taking or misusing company property, basically stealing from the company. Workplace violence is on the rise and can lead to other unethical behavior like bullying or discrimination. More complicated and often illegal behavior could include altering business documents, such as sales receipts, or tampering with accounting methods and reports (ehow.com). Enron Corporation was an American energy company based in Houston, Texas. Enron has employed more than 21,000 people and was one of the world’s leading electricity, natural gas, pulp and paper, and communications companies. Enron reported that their financial condition was sustained by institutionalized, systematic, and planned accounting fraud. There were reports of involving irregular accounting procedures bordering on fraud, perpetrated throughout the 1990s, involving Enron and its accounting firm Arthur Andersen; it stood at the verge of the latest bankruptcy in history by mid November 2001. Enron’s shares dropped from over $90 to $0.30 per share. Enron had been considered a blue chip stock, which was an

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