Many Americans were affected by fraud in the early twenty-first century. New laws and regulations were enacted to protect investors from future acts of fraud. This assignment asks you to identify the...

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Many Americans were affected by fraud in the early twenty-first century. New laws and regulations were enacted to protect investors from future acts of fraud. This assignment asks you to identify the companies that committed fraud and identify the methods they used.

Tasks:

The following companies have experienced financial accounting fraud: Enron, Global Crossing, HealthSouth, Krispy Kreme, Lehman Brothers, Tyco, Waste Management, and WorldCom. You may also choose a different organization not listed here. Please ensure there is adequate data if you chose an unlisted organization.

Select one of the companies and research it using the South University Online Library and the Internet.

Briefly summarize the history of the selected organization:

What is the organization?

What does it do?

Who is its leader?

How long has it been in existence?

Analyze the organizational situation that included unethical behavior(s).

Assess why the behaviors were unethical, integrating the ethics principles you learned this week to support your conclusions.

Answered Same DayAug 18, 2022

Answer To: Many Americans were affected by fraud in the early twenty-first century. New laws and regulations...

Rochak answered on Aug 18 2022

69 Votes

Company: Enron
Introduction
Enron Corporation was among the largest energy, commodities, and service companies in the United States. The company was founded in the year 1985 by Kenneth Lay. The company was not originally Enron but was formed after the merger between Houston Natural Gas and InterNorth.
Though the company was a victim of fraud before going bankrupt in 2001 the company was among the largest energy trading companies in the world with a total employee count of about 20,600 and a claimed revenue of $100 billion in the year 2000 (last reported financial statements).
Not only this but the company received many awards while it was operational one such award was by Fortune which named the company as ‘America’s Most Innovative Company for six consecutive years.
The major work of the company was trading energy which meant that the company was a major mediator between the people and the company selling and buying energy or commodities. This is something which made the company so big that it achieved the total revenue mark of $100 billion in the year 2000. But though the company was doing pretty well the books of the company was cooked and that led the company to bankruptcy in the year 2001.
Organizational Structure
The company was doing well till the year 1990 and beyond as well, but then the Chief Operating Officer of the company, i.e., Jeffry...

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Many Americans were affected by fraud in the early twenty-first century. New laws and regulations were enacted to protect investors from future acts of fraud. This assignment asks you to identify the...

Answer To: Many Americans were affected by fraud in the early twenty-first century. New laws and regulations...

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