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Wpa2 Flores
Wpa2 Flores
ACCOUNT ON IT?
MY KEY TAKEAWAYS ON THE ENRON SCANDAL
A HOUSTON-BASED
COMMODITIES, ENERGY AND
SERVICE CORPORATION OFF THE
BALANCE SHEETS
SHAREHOLDERS
LOST
BECAUSE OF
CEO JEFF ARTHUR FORMER CEO THE ENRON
SKILLING ANDERSEN KENNETH LAY SCANDAL
any time a
money is stolen
or hidden by an
employee
Educate Segregate
management on accounting
indicators of
over-recording fraud. functions.
sales revenue
or under-
recording
expenses
avoiding
disclosure of Initiate annual
creative Establish a examinations
accounting strong of financial
practices control statements by
environment an outside
party.
https://www.redlands.edu/study/schools-and-centers/business/sbblog/2019/may-2019/3-reasons-why-business-ethics-
important/#:~:text=Business%20ethics%20enhances%20the%20law,become%20common%2C%20the%20quality%20varies.
https://www.business2community.com/infographics/anatomy-accounting-scandal-infographic-0626049
investopedia.com/ask/answers/040815/why-are-business-ethics-important.asp
https://www.indeed.com/career-advice/career-development/what-are-business-ethics
https://www.cpapracticeadvisor.com/small-business/article/12429935/10-steps-to-avoid-business-and-employee-fraud