Management Planning

Arthur Andersen was a reputable chronicle firm based in Chicago handling analyseing, tax, and consulting services for top dollar corporations. In 2001, Arthur Andersen was involved in the Enron scandal which resulted in their suspension of their licenses to exercising as Certified Public Accounts. Currently Arthur Andersen is rec everywhereing from this setback, and laboured to regain their composition and rebuild their clientele. In order to keep back business practices this company?s vigilance should focus on issues regarding legal, ethical, and social responsibility. Arthur Andersen dishonored its legal, ethical, and social responsibilities by throwing out the principles of the self-governing Auditor. The most kn hold case would be Arthur Andersen LLP v. United States in which the company was found guilt of obstruction of justice by destroying evidence relating to Enron. Even though the decision was overturned, as a company Andersen is relatively finished. According to the BBC News (2002), ?many of Andersens high-profile audit clients, fearing that association with the accountant could taint them in the eyes of their proclaim sh beholders, took their business elsewhere.? When people think whether or not to do business with an accounting firm they look at them some(prenominal) lawfully and ethically. Ethical issues have also impacted Arthur Andersen as how they are looked at by potential clients. Ethical accounting is how Arthur Andersen was number 1 ran but greed stepped in the way. Brown & adenylic acid; Dugan (2002), read that ?Andersens descent from conscience of the accounting industry to impeach felon didnt happen overnight. Rather, it stemmed from a series of management miscues and compromises over the decades.? When Arthur Andersen first started his company he put reputation over profit. Brown & Dugan later go on to assure the readers that Andersen once said ?that there was not exuberant cash in the city of Chicago to a pprove a peculiar... ! If you require to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper