Society is fundamentally based upon performance and profit. It is therefore necessary to impart a sense of corporate social responsibility. The events in the business world over the past few months, such as the bankruptcy of Enron Corporation, have raised one insurmountable question: Should the government regulate corporate accounting? The answer, quite simply is, yes. The ethical approaches of purpose, principle, and consequence are integral components of business social performance; itemizing these contributions involves incorporating the interests of ethics and morality within the corporate structure. These are essential concepts that are often absent from a managerial standpoint. Corporate social responsibility should exist within every company's infrastructure; however, social integrity is not something that is often at the forefront of modern day business dealings. Ethics, business, and society must work in tandem or there is no purpose for any of its existence. Unethical practices are what create a climate of contempt, doubt, and distrust.…
