Assignment 1: Scandals in Auditing Fortex Introduction Fortex was regarded as one of New Zealand’s top companies. They used innovative technology to add value to their product. They won awards‚ looked after employees‚ and paid suppliers well. But when the company collapsed in March 1994 it was revealed that the success was all based on false accounting. The management team was able to fool a company of respected auditors as well as everybody else for more than three years. Thousands
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Expository Essay People may or may not realize the difference between what one wants to do and what one should do. Throughout time there have been many cases in which someone had to stop and think what they should do in a situation and what they want to do. John Proctor in The Crucible written by Arthur Miller‚ Mike Shanahan with the Washington Redskins‚ and Morton Schmidt/Doug McQuaid in 21 Jump Street are all examples of what one should do and wants to do. In the play The Crucible‚ John Proctor
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Auditing failure is also a key factor contributing to the Wedtech scandal. It is presented as a result of independence of auditing reporting and confirmation.On the one hand‚ even if auditors complied with auditing process on the surface (Berg and barbanel‚ 1987)‚ they are not independent since they were bribed to forge auditing reports.In 1982‚ Wedtech employed the Main Hurdman to financially audit its financial statementswhen it went to Initial Public Offerings. One of the auditing partners‚ Richard
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| A Trifecta Scandal | Arthur Waldon | | Charter College | | Conspiracy to steal more than a quarter billion dollars from insurance companies. The plot involved 10 doctors‚ 9 separate clinics in New York and 105 different corporations‚ and all in service in a health care fraud ring. It all stems from Russian-speaking immigrant population‚ to who grew up in a communist society that bred despite for the rules and a willingness to cheat around them. Come to find out this scheme is the
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SATYAM SCANDAL I. Analyze the case and respond to the following questions: (a) Discuss the earnings management techniques employed by the management of Satyam. In this case of Satyam‚ I can conclude that the obvious technique employed by the said management are: 1. “Big Bet on The Future”. When an acquisition occurs‚ the company acquiring the other is said to have made a big bet on the future. As refer to this case‚ Ramalingam Raju the Chairman of Satyam Computer Services Ltd
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Before the summer of 1972‚ the word "Watergate" meant nothing more than an office and luxurious apartment complex in Washington‚ D.C. As a result of a "third-rate burglary" on June 17 of that year‚ it came to be associated with the greatest political scandal of that century and would change the lives of the many people involved — especially President Richard M. Nixon. While doing his rounds at the Watergate Hotel in the early morning of June 17‚ 1972‚ security guard Frank Wills found a door‚ located
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Charles Ponzi .. The Scandal !!! By: Rawan Al-Deraibi Class of: Prof. Alan J. Pan Who is Ponzi?!! Born in 1882 in Parma‚ Itlay‚ Charles Ponzi was the infamous swindler who payed out returns (To give money in exchange for goods or services) with other investors’ money. The "Ponzi scheme" is named after him. After running a highly profitable and expansive investment scheme‚ Ponzi was arrested on August 12‚ 1920‚ and charged with 86 counts of mail fraud. Owing an estimated $7 million‚ he pleaded
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In my essay I want to tell about fight of the black population for the rights which happened in the 50th – the 70th years in the USA. December 1‚ 1955. Rosa Parks‚ the 42-year-old black seamstress‚ who was lovong in Montgomery‚ was detained and then fined for refusal to give the sitting in the bus to the white passenger as it was required under the local law. The same year in Montgomery in buses five women and two children‚ not including black men were arrested‚ one black man was shot by the driver
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COMPARISION/CONTRAST ESSAY: New York Yankees and Boston Red Sox Everyone knows or has heard about the much heated and hated rivalry between the New York Yankees and the Boston Red Sox. The Yankees Red Sox rivalry is one of the sports worlds greatest of all times. This rivalry has been going on for over 100 yrs. Some would say that it all started when the Red Sox sold then superstar George “Babe” Ruth to the Yankees; when he was added to the Yankees’ line up it became known as “Murderers’ Row”
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Treaty of Versailles was a peace treaty that officially ended WWI. It was negotiated at the Paris Peace Conference throughout the spring of 1919. This treaty didn’t exactly end war between the Allied and Associated Powers and Germany but created a humiliating effect on the Germans side which eventually led to WWII. The Treaty of Versailles was highly confidential and caused hard feelings on all sides‚ contributing to the outbreak of WWII. (Treaty of Versailles) The treaty required Germany and
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