Introduction The recent series of corporate failures have lead to questioning of the responsibility of different stakeholders in upholding standards that are set to ensure that the best interests of the organization are met. It has been widely argued that the management bears the highest responsibility in ensuring that organizations are managed in the manner that is consistent to the overall organization objectives (Antony & Robert, 2011). However other parties such as the independent auditors, legal advisors, business partners, and business advisors such as banks also have a significant part to play in ensuring ethical running of organizations (Kingsley, 2009). Auditors may act as whistle blowers in the case where they detect fraud whereas other parties such have a role to play in ensuring that the organization they are they are relating with is being managed in the best way (Jonathan, 2000). Enron corporation failure brought about major changes in the way organizations are governed including enforcements of corporate governance among the companies’ management practices. As such the various professional bodies have come up with ethics and codes of conduct that stipulate how the respective practitioners should conduct themselves in the course of their service delivery. This paper reviews the relevance of the Institution of management Accountants ethical principles to the Enron’s scandal. Enron Corporation Enron was a gas pipeline company that started operations in the United States of America. The company had recorded tremendous growth and in a short period it become the largest energy company in the world. This growth was however attained through management’s deliberate manipulation of financial statements that made the company appear profitable and financially healthy. These management practices largely went unquestioned and even the auditors certified the financial statements as true reflection of the financial state of affairs of the company. Institute of Management Accountants ethical principles The IMA has come up with a set of accounting ethical principles that are to be observed by the practitioners to ensure that their conduct is ethical. Ethical in general terms deals with the human conduct and behavior that is regarded as morally good or bad (Vance, 2003). The decision maker is therefore expected to predict the outcome of the decision with a degree of accuracy and choose the course of action that is favorable to all stakeholders. Professional ethics in accounting states that the accounting practitioners have an obligation to the public, their profession, and the organization to maintain the highest standards of ethical conduct (Barry, 2003). These ethical conducts relate to issues of confidentiality, professionalism, conflict of interest, and reporting. The ethical conduct in relation to professionalism state that the practitioners have the responsibility to maintain high level of competence. It also requires them to comply with the set of regulations and provide complete and clear reports from relevant information. This ethical principle would be relevant in the Enron Corporation since the management would be compelled to practice high level of competence in their management practice. The CEO condoned many practices that are ethically regarded as incompete