Monday, October 1, 2007

The Collapse of Enron #5 Dan Wolski

Arthur Anderson absolutely behaved unethically. Anderson ignored the truth and distorted the figures to help Enron execute their scam. As an auditor you need to act impartially for the sake of the stakeholders. In this case the actions of Skilling, Lay, Fastow, Anderson and anyone else who new or partook in the scheme acted unethically because the stakeholders especially the stockholders were mislead and taken advantage of. in the end a lot of people lost a lot of money. the executives of Enron walked away filthy rich. Then they went jail, i say good! the David D'Alessandro quote for the Tuesday agenda is most fitting for chapter two. "Don't lie, cheat, or steal. Power won't protect you from disgrace."

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