Enron's Failure to Disclose Key Facts in Its Financial Statements

question 16

Multiple Choice

Enron's failure to disclose key facts in its financial statements most clearly violated which standard of the IMA Code of Ethics?

• A) Honesty.
• B) Fairness.
• C) Competence.
• D) Responsibility to clients.

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Definitions:

William Lloyd Garrison

A prominent American abolitionist, journalist, and social reformer, known for founding the anti-slavery newspaper "The Liberator."

Frederick Douglass

An American social reformer, abolitionist, orator, writer, and statesman who after escaping from slavery in Maryland, became a national leader of the abolitionist movement.

Elizabeth Cady Stanton

A leading figure in the early women's rights movement, known for her advocacy for women's suffrage, women's rights, and abolition of slavery.

Equivocate

To use ambiguous language so as to conceal the truth or avoid committing oneself to a concrete stance.