Enron Creating And Evaluating Ethics Programs Is A Crucial Compone

Enron Ethical and Situational AnalysisStudent’s Name:Student’s University:IntroductionIn an article done in 2010 by Yuhao, he says that being one of the most innovative companies in the United States, it came as a shock to most people inclusive of the economy when Enron was considered bankrupt in October 2011. The company was an energy based corporation that dealt with Oil and Gas Exploration. Apart from being heralded as the best innovators in the energy sector, they were also seen as the best when it came to the area of corporate responsibility and ethics. Was it lack of transparency on the part of the top management or was it the failure of the auditing firm? This was an ethical issue that resulted due to lack of transparency and integrity. Personal conflict of interests among the top executive management was the major reason for the collapse of the company. At one point, Arthur, an external auditor said that some of the legally approved accounting measurement issues had apparently being violated as Enron’s executive wanted to bend