The Basic Ethical Principle Violated by Andy Fastow in His

question 10

Multiple Choice

The basic ethical principle violated by Andy Fastow in his role as Enron's CFO and involvement with SPEs was:

• A)He lied to top management about what he was doing for the SPEs
• B)He failed to exercise due care in setting up SPEs
• C)He had a conflict of interests in his dual roles
• D)All of the above

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Definitions:

Chief Financial Officer

The executive responsible for managing the financial actions of a company, including financial planning, risk management, and record-keeping.

Ethical Questions

Queries concerning moral principles and values that guide behavior in the business or professional world.

IDDR Approach

A strategic method in problem-solving that involves Identification, Diagnosis, Decision, and Remediation steps to address and solve issues effectively.

Ethical Problem

A dilemma or situation that requires a decision to be made that involves questioning the morality of the actions or choices.