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

Question

Quizplus · Accepted Answer

Andy Fastow had a conflict of interest in his dual roles as Enron's CFO and his involvement with the Special Purpose Entities (SPEs), which he used to manipulate financial statements for personal gain.

The Basic Ethical Principle Violated by Andy Fastow in His