Enron The Scandal
In many different ways Arthur Anderson contributed to the disaster of Enron. Once this company became its own known as Accenture, is when the trouble started due to the constant rivalry with other companies in its field. They steered away from their core values of protecting the public interest and stayed focused on growing their revenue. Although their revenue was a part of their company that should be focused on. Anderson still needed to protect their investors that they already had as well as future shareholders. Although many mistakes were made by Arthur Anderson many are also considered unethical. Some examples of that are mainly destroying documents, reluctantly forgetting to share serious finances or reporting them on documents such as financial statements, and also consistently hiding areas of the company where many proceeds are lost or missing. These are all valuable points of information that need to be shared with not only the public but also taken accurately to avoid a company going bankrupt. Personally we think that the main motivation was money. This is a company that financial state flows on money that is made by keeping up with a company’s financial status. By under reporting profits and losses and hiding certain losses it was given a way to take those profits into another area. This could easily be turned into profit for AA. Whether their decision was ethical or practical each company had something to gain from this information and the one that is handling these profits has a duty to the company they represent, their company, and the public to ensure that the best interest of all parties are taken care of.