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ethics violations. An infamous instance of this was the 2001 scandal with American oil big Enron, which was exposed for inaccurately reporting its financial statements for years, with its accounting firm Arthur Andersen signing off on statements despite them being incorrect. The deception affected stockholder costs, and public shareholders misplaced over $25 billion due to this ethics violation. Both corporations ultimately went out of enterprise, and though the accounting firm solely had a small portion of its employees working with Enron, the agency’s

 

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