Reading Enron article was very captivating. It is interesting to note why this company failed. The issue is full of lessons that any accounting person should be interested in. The article heightened my resolve to be always transparent in my work. Ethical conduct is called for when one is entrusted with preparation of accounts. I learnt that I should always be objective and truthful in reporting. Transparency increases investor confidence. This will obviously lead to more long-term investors.

It is pleasing that accounting profession is now calling for more disclosure in financial reports. This means that companies are supposed  to provide all information that the market considers relevant rather than simply fulfilling mandatory regulatory requirements. This will go a long way in curbing this problem.

As an accountant I  will continue to make sure that my subordinates are always transparent. This is achieved by continuing to train them on the job or off the job. Accounting profession is always evolving and thus everyone should keep pace with these changes.