Management Planning

Arthur Andersen was a reputable chronicle firm based in Chicago handling analyseing, tax, and consulting services for top dollar corporations. In 2001, Arthur Andersen was involved in the Enron scandal which resulted in their suspension of their licenses to usage as Certified Public Accounts. Currently Arthur Andersen is recoering from this setback, and threatening to regain their composition and rebuild their clientele. In order to continue business practices this company?s vigilance should focus on issues regarding legal, ethical, and social responsibility. Arthur Andersen dishonored its legal, ethical, and social responsibilities by throwing out the principles of the self-reliant Auditor. The most kn hold case would be Arthur Andersen LLP v. United States in which the company was found guilt of obstruction of justice by destroying evidence relating to Enron. Even though the decision was everyplaceturned, as a company Andersen is relatively finished. According to th e BBC News (2002), ?many of Andersens high-profile examine clients, fearing that association with the accountant could taint them in the eyes of their witness sh areholders, took their business elsewhere.? When people think whether or not to do business with an accounting firm they look at them some(prenominal) lawfully and ethically. Ethical issues have also impacted Arthur Andersen as how they are looked at by potential clients.

Ethical accounting is how Arthur Andersen was branch ran but greed stepped in the way. Brown & adenylic acid; Dugan (2002), introduce that ?Andersens descent from conscience of the a ccounting industry to impeach malefactor d! idnt happen overnight. Rather, it stemmed from a series of management miscues and compromises over the decades.? When Arthur Andersen first started his company he put reputation over profit. Brown & Dugan later go on to avow the readers that Andersen once said ?that there was not exuberant bullion in the city of Chicago to approve a peculiar... If you penury to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper