Thesis: Implications of the Enron Scandal

Sample Thesis Paper

In perception of the Enron Scandal and the disaster that it caused, it came as no surprise that legislation was made in order to ensure that such practices do not happen ever again. The legislation that followed is considered to be monumental in its contribution to the application of business ethics, specifically in the areas of information disclosure. It was The Public Company Accounting Reform and Investor Protection Act of 2002 that came as a direct result of the Enron Scandal (allbusiness.com, 2008). The Public Company Accounting Reform and Investor Protection Act of 2002, also known as the Sarbanes-Oxley Act, addresses specific areas of Business Ethics pertaining to the information disclosure policy that an organization adopts.

The Sarbanes Oxley Act came as perhaps one of the most major refurbishments of legislation in the history of the United States. The act, consisting of eleven titles, addresses issues that contribute directly to investor confidence since investor confidence was very badly shaken by companies such as Enron, Tyco International, Adelphia, Peregrine Systems and WorldCom. These organizations had led investors to lose billions and had caused a severe decrease in investment motivated by a fear of loss amongst the investors  (Bumiller, 2002).

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