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Enron's Case study

ADDRESS THE FOLLOWING QUESTIONS AND NUMBER AND WRITE OUT EACH QUESTION AND YOUR ANSWER:

1-DID THE ENRON EXECUTIVES ACT ETHICALLY BY USING OFF-SHORE , "OFF BALANCE SHEETS",PARTNERSHIPS TO HIDE ENRON'S LIABILITIES?

2-DID THE ENRON EXECUTIVES AND ANDERSON PARTNERS ACT ETHICALLY IN SHREDDING DOCUMENTS?

3- DISCUSS MS. SHERRON WATKINS ROLE AS A CORPORATE "WHISTLE BLOWER " IN THE ENRON SCANDAL.

4-WHO WERE THE STAKEHOLDERS AND HOW WERE THEIR INTERESTS REPRESENTED?

5-IN THE ENRON DEBACLE HOW COULD THE PROBLEM HAVE BEEN AVOIDED AND WHAT HAVE BEEN THE CONSEQUENCES OF ENRON'S BANKRUPTCY ON IT'S EXTERNAL AUDITORS AND ON THE ACCOUNTING PROFESSION IN GENERAL?

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Enron's Case study

ADDRESS THE FOLLOWING QUESTIONS AND NUMBER AND WRITE OUT EACH QUESTION AND YOUR ANSWER:

1-DID THE ENRON EXECUTIVES ACT ETHICALLY BY USING OFF-SHORE , "OFF BALANCE SHEETS",PARTNERSHIPS TO HIDE ENRON'S LIABILITIES?
No, the Enron executives did not act ethically by using off shore, off balance sheets/partnerships to hide Enron's liabilities. From the deontological stand point, it is the duty of the Enron Executives to disclose the exact/correct liabilities of Enron to the government (e.g. SEC or IRS), to its shareholders, its employees and executives. So hiding the liabilities does not have moral worth. From the virtue ethics perspective the act of hiding the real liabilities amounts to lying, deceit and dishonesty. So, the action does not have moral worth. Finally, from the consequential ethics perspective the hiding of liabilities can lead to disastrous consequences later and bankruptcy of the company. This has been substantiated by subsequent events. So the action does not have moral value.

2-DID THE ENRON EXECUTIVES AND ANDERSON PARTNERS ACT ETHICALLY ...

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