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The failure of Enron points to an unparalleled breakdown at every level of the management as they are out of the system. Enron’s management is lack of socioeconomic view that does not concern the social welfare and not just with the corporate profits .
Next, the reason to Enron’s failure is because of the ethical behavior of accountants and managers. The accountants were both complacent and incompetent enough to certify Enron’s financial statements. This is because they lack of solid ethical framework, and with further push from the managers, it affects these accountant’s ability to work...
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