ETHICS

Ethics in the Financial Planning profession

Ethics in the Financial Planning profession

Summary of the Issue

Enron was considered to be one of the most acknowledged companies of USA, but it was collapsed due to his executive unethical practices. Enron declared chapter 11 bankruptcies on December 2,201.This bankruptcy was regarded as the largest bankruptcy filing in the history till 2002 when WorldCom broke that record. Enron scandal was a prime example of “greed” driven decisions by the executives and the auditors of Enron.

The case of Enron shows that unethical practices in finance are mostly driven by the need of greed. Now let me ...