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Enron Speech Society is fundamentally based upon performance and profit It is therefore necessary to impart a sense of corporate social responsibility The events in the business world over the past few months such as the bankruptcy of Enron Corporation have raised one insurmountable question Should the government regulate corporate accounting The answer quite simply is yes The ethical approaches of purpose principle and consequence are integral components of business social performance itemizing these contributions involves incorporating the interests of ethics and morality within the corporate structure These are essential concepts that are often absent from a managerial standpoint Corporate social responsibility should exist within every companys infrastructure however social integrity is not something that is often at the forefront of modern day business dealings Ethics business and society must work in tandem or there is no purpose for any of its existence Unethical practices are what create a climate of contempt doubt and distrust I am confident that most of us possess knowledge of what Enron did The energy giant overstated its profits lied about the amount of debt that it has forced employees to purchase its stock without the possibility to sell in order to inflate the market value of the stock and the board of directors have participated in illegal insider trading Moreover The accounting firm Arthur Andersen made all those terrible actions possible What interests me is that this is not an isolated event Numerous companies have very questionable accounting records like Enrons Some examples include Global Crossing Xerox Krispy Kreme Doughnuts and even IBM The reason why many individuals do not know about the questionable accounting practices of these other firms is that they are focused on the plight of Enron the first company to fall and the largest bankruptcy in corporate America totaling 489 billion Many individuals are not aware of how easily Enron could overstate profits and expand into the massive company it was in a few short
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