Friday, May 15, 2020
Ethics Research Essays - 984 Words
Paul writes in 1 Timothy 6:10 (KJV), ââ¬Å"For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.â⬠The accounting firm of Arthur Andersen exemplified this statement completely. The firm which began in the early 1900ââ¬â¢s as a stalwart defender of ethical behavior, by the beginning of the twenty-first century was more corrupt than anyone could imagine. The fallout from the demise of Arthur Andersen has been immense and some lasting effects can still be felt today. Ultimately, the downfall of this accounting giant was due to the degradation of leadership. Schein states there are ââ¬Å"six primary embedding mechanismsâ⬠¦that leaders have available toâ⬠¦show more contentâ⬠¦The accounting firm was charged both criminally and civilly for many different offenses. For example, ââ¬Å"In another Andersen-related case, an Arizona grand jury has re-indicted five men on charges of fraud, racketeering and theft in connection with their involvement in the failed Baptist Foundation of Arizona (BFA)â⬠(Accountant, 2002). The most obvious effect of Arthur Andersenââ¬â¢s unethical behavior and actions is the collapse of several multi-billion dollar corporations. But the effects run far deeper than that. When companies such as Enron, WorldCom, or ABF go under, those who stand to lose the most are the investors of that company. The investors are the true victims of Arthur Andersenââ¬â¢s accounting and auditing failures. In reference to Enron as one example, ââ¬Å"By December 31, 2000, Enronââ¬â¢s stock was priced at $83.13â⬠¦Yet within a year, Enronââ¬â¢s image was in tatters and its stock price had plummeted nearly to zeroâ⬠(Healy, P. M., Palepu, K. G, 2003, p. 3). Given these numbers a stock portfolio of 5,000 shares of stock which started with a value of $415,650 ended up with a value of nearly $0 after only one year. Many employees of Enron invested their retirement savings in company stock only to see it vanish. Similar results to this can be seen with all business failures. The collapse of WorldCom is another glaring example. Not only did the investors and employees of WorldCom lose vast amounts of money, rival companies also felt theShow MoreRelatedEthics O f Behavioral Science Research Essay827 Words à |à 4 PagesEthics in Behavioral Science Research Stenulson 1 For most of us, when we think about ethics, we think of rules for distinguishing between right and wrong. There are many things that govern our behavior, such as rules, laws, and the Ten Commandments. Most people learn ethical norms from parents, siblings, classmates, and at church, and other social settings. 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As explained in Marcia Angellââ¬â¢s Article, ââ¬Å"The Ethics of Clinical Research i n the Third Worldâ⬠, the Declaration of Helsinki of the World Health Organization (WHO) provides a guidelineRead MoreThe Ethics Of Animal Research967 Words à |à 4 Pagesââ¬Å"The Commonsense Case against Animal Experimentationâ⬠in The Ethics of Animal Research attempts to answer the problems of animal research through use of common sense. He does this by trying to give and objective (middle ground) argument against animal research and points out what everyone would consider being inhumane treatment of animals. Engle says: My argument for the immorality of using animals as test subjects in biomedical research is predicated on several widely accepted, commonsense moralRead MoreEthics of Animal Research Essay537 Words à |à 3 PagesEthics of Animal Research One of the many issues of todays conversations is still confusing on my understanding it. 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