Ethics in Business and the Accounting Industry

Paper Summary:

The ethical side of business practices has become a hot topic within the last few years. The business world of accounting has always addressed the rights and wrongs of the industry, but only currently has been held responsible. The paper shows that white collar crime is on the rise and the recent events of the Enron scandal, the state of disarray of the accounting firm of Author Anderson and the Martha Stewart stock trades have left the American consumer wondering how the business world views and enforces ethical issues. The paper examines the views of philosophers such as Plato and Socrates whose principles of virtue have been proposed as the highest good - virtues such as happiness or pleasure, duty, virtue or obligation.

From the Paper:

"Those working within the career of accounting should acknowledge the moral distinctions of right and wrong when keeping books, conducing audits, and managing accounts of any size firm. Accountants are to be dependable and trustworthy to all stockholders and consumers of America. If any of these trusts are broken, then not only has the firm suffered, but the nation as well."

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• Analytical Essay # 52099 : "Andersen and Enron: A Question of Ethics"

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