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Unformatted text preview: one. 4. The size of the company was the major reason why it collapsed. The complex network of different industries as well as controversial political connections made them a prime target for scrutiny. Because of this, when just a small part of their accounting was discovered, it was very easy to go onto the rest. 5. All were hurt in the end. A company collapsing is in the interest of no stakeholder. 6. 7. I would keep in mind that his framework does not believe in lies. Friedman would therefore have not thought the accounting practice was ok. 8. No. It would have came to the same conclusion that the accounting practice was wrong....
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- Spring '08