No one came out and stop the action. All they did is to hide the truth and continued to cheat to the customers. III.Objection A. Objection to Virtue ethics The Enron company should choose to be honest to the customers and do not speculate their stock price to the public and investors. The Enron should not make fraud accounting make their financial performance clearly and correctly.
One of the most societal issues in American society is the negative consequences of drug abuse that affect not only individuals who abuse drugs but also their families and friends. The obvious effects of drug abuse which manifested in the individuals who abuse drugs includes their health, sickness and death. Paying close attention to an abuser 's health is contracting blood borne illnesses such as hepatitis and HIV/AIDS through injection drug use and the sharing of needles. Economically, the impact of drug abuse in businesses whose employees abuse drugs can also be significant. While many drug abusers are unable to attain or hold down employment.
Bribery kills the moral fabric of the society and causes confusion on the business ethics and reputation of a company that is caught in the act. This can result in loss of confidence in the company by members of the public and can also lead to loss of business investment. Waste of resources happen when the resources of the organization are used to achieve better things will be spent on trying to secure business benefits by paying bribes. Bribery may not produce the potential people and the person not necessarily the most qualified person for the job. It will lead to perform poorly in organization if not paying bribes.
6.2.1 Fraud can occur for many reasons; some of the causes are as follows. 6.2.2 Poor accounting controls where accounting controls are lapse for example a bank reconciliation signals that a fraud has occurred can be missed. 6.2.3 Complacency, thinking fraud wouldn’t occur in a business, people will take advantage of this attitude. 6.2.4 Excessively complex organisational structure, designed to hide reality from third parties, Enron is a prime example of this. 6.2.5 Lack of clear moral direction from senior management, leadership stems from the top, others will adopt their behaviour.
Since ‘‘Aid is an essential source of funding for Nauru’s development’’ (Anon., 2014) .Corruption and regional perceptions of corruption in Nauru has been damaging to the country’s reputation and has created obstacles to local and foreign direct investment, economic growth and will eventually mislead the development and upliftment of the people. Public money is for government services and projects. However, corruption and bad management consume into the nation’s wealth, directing money away from projects and the very people most dependent on government for support. Countless studies around the world (Mauro (1995), Tanzi and Dawoodi (1997), Ehrlich and Lui (1999)…) show how corruption can disturb investment, restrict trade, reduce economic growth and affect government expenditure. There are also studies that show the relationship between corruption in certain countries to increasing levels of poverty and income inequality.
This plays a huge part into why people lie. It often happens when individuals have a lack of problem solving skills and the capability to handle abrupt situations. From time to time, we admit to ourselves that we have done some mistakes, but we do not know how to solve them. In situations like this, we tend to lie as a quick escape instead of facing the actual problem. The truth may sure cause some conflict for the mean time, but lying instead of facing the problem would cause so much more conflict in the future.
The first general result is a lag in the business. Accounting firms heavily depend on word-of-mouth for promotion, a few bad rumours about unethical behavior regarding a particular frims culd potentially keep away potential clients. Serious legal repercussions could be done on those who are guilty of violating legal codes and standards for their
The privilege of having a separate personality shall not be put to any illegal use. The principle of ‘Corporate Veil’ safeguards the members from the liability of the company. According to the Doctrine of Corporate Veil, a veil or a curtain exists between the company and its members. Members might take advantage of the veil to carry out activities fraudulently and take cover in the name of the company. Courts intervene whenever the veil is used to cheat someone or perform any fraudulent transaction.
This can make it extremely difficult to run a large government. There are different branches to keep each other in check, but sometimes they do not agree. Because one branch has to seek approval from another, good policies and ideas can be shot down because there are different viewpoints in either branch, or the people in each branch may not like each other. This can sometimes make it hard to get things done, making it an extremely slow process to deal with issues. Another issue with this perspective is that in many governments, there is corruption.
Conceivably, the major problem of a country is the lack of budget for the government 's programs and services due to corruption. Corruption may appear to be a vague word, but tackling it in this situation, it is more defined as an immoral action that takes away money in an illegal manner. Perceiving it as a bad form of governance, this characteristic is something all would come across once in power. They have tried countless ways on finding a solution, yet these variables still lead them back to square one. Thus, this practice of corruption is considered as a never-ending issue that may probably affect the whole world endlessly – over and over