The Importance Of Accounting As Well As Ethics

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Follow up to the Interviews I am very fortunate to have been able to interview three business owners that I come in contact with almost daily from working at a golf course. I asked them all a wide variety of questions both through interviews as well as surveys (see appendices.) I asked them numerous questions both relating to accounting as well as ethics in the business world. They all game me a large range of answers to the majority of the questions that I asked them, however they all had two things that were common answers. First off they all have very favorable views of accountants. If a problem were to ever occur with regards to their financial statements because of their ethical standards they know it would be an honest mistake. They…show more content…
First, if it were not for the people at the top of the Enron Company making horribly unethical decisions than none of this would have happened. However because this is an accounting project and the focus of this paper is on accounting, I personally believe that the Andersen firm should be held most responsible for what occurred. They let the fraud and deceit occur right under their noses. There are three terms that from auditing class that I remember more than the rest of the class itself. First is competence. There is no doubt in my mind based on the research and the facts that the AA team didn’t have the proper training and competence to do their job at Enron. AA was a top five auditing firm in the entire world. To be working for the company and their standards you had to be able to do the job properly. Second is professional skepticism and objectivity. Both of these played a huge role in allowing the scandal to occur and then continue on. The AA employees worked right alongside the Enron top officials. They were greatly influenced by these officials and never questioned the legitimacy of the reported financial statements. Finally and perhaps most important is the term whistleblower. All it would have taken is for one or two employees from either company to take the knowledge they had public. It would have been especially easy for those
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