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The term ethics must first be defined to understand a few of the issues involving Arthur Andersen. According to Wikipedia, the term Ethics is a set of principles of right conduct, a theory or system of moral values. When a corporation does not follow ethical or legal standards, they lose public respect, money, customers, and trust due to their behavior. Whether it is taking an extended lunch break or the Accountant fixing your books to overstate revenue by millions of dollars, ethics play a significant role in daily business transactions (Wikipedia, 2007).
About Arthur Anderson
Arthur Andersen LLP, was an accounting firm with an extensive history...
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