Professional ethics
Ethics has been defined as the study of moral principles and values that govern the actions and decision of an individual or group.

An ethical dilemma is a situation that an individual faces involving a decision about appropriate behavior.

Districts involved in making any decisions generally include: 1. Identify the problem 2. Identify possible courses of action 3. Identify any constraints relating to the decision 4. Analyze the likely effect of the possible courses of action 5. Select the best course of action

All the recognized professions have several common characteristics:
The most important of these characteristics are: (1) our responsibility to serve the public (2) a complex body of knowledge (3) standards of admission to the profession and (4) I need for public confidence.
The AICPA Code of Professional conduct is design to provide a framework for expanding professional services and serving responding to other changes in the profession such as increasingly competitive environment it consists of two sections the first section the principles, is a goal oriented positively stated discussion of the profession's responsibilities to the public client and fellow practitioners.
The second section of the code the rules are enforceable applications of the principles they define acceptable behavior and identify sources of authority for performance standards.

Enron Case
Enron was formed in 1985 by the merger of Houston Natural Gas and Inter North. Kenneth Lay, the former chairman of Houston Natural Gas and then president of Enron, led the company almost from its inception until shortly before his spectacular fall. The company expanded its operations as a broker of futures contracts and derivatives of natural gas and the development, construction and operation of pipelines and power plants around the world,