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 these

Question

Quizplus · Accepted Answer

Andy Fastow had a conflict of interests in his dual roles as he was both CFO of Enron and managing the Special Purpose Entities (SPEs), which led to unethical financial practices.

The Basic Ethical Principle Violated by Andy Fastow in His