For this assignment, you are required to analyze a business ethics case related to a major scandal in an accounting firm
For this assignment, you are required to analyze a business ethics case related to a major scandal in an accounting firm. You will apply key ethical theories (such as utilitarianism, deontology, and virtue ethics) to assess the ethical dilemmas involved in the case and explore the corporate responsibilities that were either upheld or violated.
Your paper should address the following key components:
· Choose a Business Ethics Scandal:
· Select a significant business ethics scandal related to an accounting firm (e.g., Enron and Arthur Andersen, or other financial mismanagement cases).
· Research and provide an overview of the scandal, including the major events, key players, and outcomes.
· Apply Ethical Theories:
· Discuss how ethical theories such as utilitarianism, deontology, and virtue ethics can be applied to understand the decision-making process in the scandal.
· Evaluate the behavior of the individuals and organizations involved using these ethical frameworks. Consider how these theories could have informed better decision-making.
· Analyze Ethical Dilemmas and Corporate Responsibilities:
· Identify the key ethical dilemmas that emerged during the scandal.
· Analyze how corporate responsibilities were either neglected or addressed throughout the scandal. This includes responsibilities toward shareholders, employees, customers, and society at large.
· Propose solutions or actions that could have prevented the scandal or mitigated its effects, based on ethical theories.
· Conclusion:
· Summarize the key ethical lessons learned from the scandal.
· Reflect on how ethical decision-making frameworks can prevent future business ethics violations in accounting or similar industries.
Submission Requirements:
Structure of Paper:
· Introduction: Provide an overview of the chosen business ethics scandal.
· Body:
· Section 1: Analyze the scandal using ethical theories (utilitarianism, deontology, virtue ethics).
· Section 2: Identify the ethical dilemmas and discuss the corporate responsibilities.
· Section 3: Propose solutions to address the ethical shortcomings in the case.
· Conclusion: Summarize key takeaways and ethical lessons.
· Submit a 750-word minimum APA formatted Word document with citations and references.
· Include at least two scholarly references to support your analysis.
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