...o AT&T; 5:14 PM 100% 3 Social Responsibility. Ethics. Strategic Planning to o
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ENRON was one of the largest audit companies of US formed in 1985.The company came in controversy in 2001 when it was declared a major audit failure despite having assets of around $64 billion.Enron was filed for bankruptcy.In late 1990's Enron was in debt despite having high share price.It was later reaveled that these prices had been inflated in order to hide financial losses.Special purpose entities were used too hide risky investments and financial losses.The CFO along with other senior level executives of ENRON misled the company and its board of directors.The Enron scandal drew attention to accounting and corporate fraud, as its shareholders lost $74 billion in the four years leading up to its bankruptcy.Enron’s ethical code was broken by a corporate culture that supported unethical behavior.ENRON compromised the pension of its employees .
ENRON is an example bad business ethics and social responsbility
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