Determine whether it constitutes a conflict of interest

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Assignment:

For each of the following, determine whether it constitutes a conflict of interest, and why it is (or is not) a case of conflict of interest.

1. Enron's public auditing firm, Arthur Andersen, also provided consulting service. One the one hand, the Arthur Andersen performed some of Enron's internal bookkeeping, and on the other managed some of the company's own financial operations, which was a much more lucrative service than auditing.

2. "A person working as the equipment purchaser for a company may get a bonus proportionate to the amount he's under budget by year's end. However, this becomes an incentive for him to purchase inexpensive, substandard equipment."

3. Two people, George and Jill, are applying for the same job. George tricks Jill into believing that the deadline for the job application ends next week, when in fact it ends tomorrow. (Sneaky!)

4. Smith has embarrassing information on Jones. Smith tells Jones that he won't make the information public, so long as Jones agrees to pay him a few thousand dollars.

5. Smith owns a company. A supplier offers him a lavish gift in the expectation that Smith will bring more business to the supplier.

6. Smith works for a company. A supplier offers him a lavish gift in the expectation that he will bring more business to the supplier.

7. Smith works for a company. A supplier offers him a lavish gift in the expectation that he will bring more business to the supplier. It so happens that Smith is so virtuous that he is above accepting a bribe.

Reference no: EM133330748

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