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Consequentialism and deontology are two ethical moral philosophies discussed in our text. According to the two ethical philosophies, an individuals duty and responsibly mightbe different with stockholders, vendors, government regulation entities, employees, upper management, and the board of directors. Can you provide an accounting example to support how the two ethical moral philosophies might lead an individual to different actions with upper management, other employees, the board of directors, and suppliers?Any time that one company is strongly tied to another company they have a mutual interests in each others companies succeeding. I think that a really good example of thisis Enron. One of the largests accounting firms (Arthur Andersen) was eventually closed because of their fraudulent activity that they let go on at Enron. The two companies were tied together and Arthur Andersen would lose significant money if they were to bring to light problem or wrongdoing at Enron. “Financial restatements trigger significant
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Big Four auditors, Arthur Andersen, Enron scandal, Accounting scandals