The Failed Corporate Culture of Enron High risk accounting‚ inappropriate conflicts of interest‚ extensive undisclosed off-the-books activity‚ excessive compensation these are some of the headings of the report prepared by the U.S. Senate’s Permanent Subcommittee on Investigations titled "The Role of the Board of Directors in Enron’s Collapse." (Permanent Subcommittee on Investigations‚ 2002) In February‚ 2002‚ Enron’s former Chief Executive Officer Jeffery Skilling had testified before members
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Research paper abstract- A summary of your work A research paper abstract is an essence of the research paper itself‚ written for a specific purpose and in very precise words and would only be written if asked for. Often professors ask students to write an abstract which would explain in simple and precise terms‚ the purpose of the research and the conclusion. Sometimes‚ before going through the research paper itself‚ readers often prefer to go through the research paper abstracts which help them
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Objectives • Ask Why‚ Asshole? • Identify the types of threats professional accountants encounter and identify ways of minimising these. • Outline the disciplinary procedures for accountants. • Discuss the role of ethics in a global environment Enron: The Smartest Guys in the Room? Threats to Accountants • Code of Ethical Conduct • Compliance with these principles may be undermined by the following 5 threats from APES 110: • Self-Interest Threat ▫ may occur as a result of the financial or
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ARTISTS OF ABSTRACT EXPRESSIONISM Abstract In a previous essay‚ three different artists and their Abstract Expressionism pieces were discussed along with descriptions of their artwork and a look into their personal philosophies of art. The previous discussion also covered an explanation of the circumstances in which the pieces fit in with the time period and the environment of that time period. The following essay continues with the comparison of the form‚ content of the subject matter of the
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Unethical Practices of Arthur Anderson: Week 2 Checkpoint ACC/260 – Accounting Ethics: Keeping It Clean September 26‚ 2013 Thomas Scholz What did Arthur Andersen contribute to the Enron disaster? Assistance! Arthur Andersen assisted Enron in deceiving stakeholders by revealing ways to generate false profits and hide losses through the development of Special Purpose Entities (SPEs). Enron’s consolidated financial statements did not depict or clearly
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ccsenet.org/ijbm International Journal of Business and Management Vol. 5‚ No. 10; October 2010 The Case Analysis of the Scandal of Enron Yuhao Li Huntsman School of Business‚ Utah State University‚ Logan city‚ U.S.A E-mail: wyl_2001_ren@126.com‚ carolee1989@gmail.com Abstract The Enron scandal‚ revealed in October 2001‚ eventually led to the bankruptcy of the Enron Corporation‚ an American energy company based in Houston‚ Texas‚ and the dissolution of Arthur Andersen‚ which was one of the five largest
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Abstract art Abstract art uses a visual language of form‚ color and line to create a composition which may exist with a degree of independence from visual references in the world. Western art had been‚ from the Renaissance up to the middle of the 19th century‚ underpinned by the logic of perspective and an attempt to reproduce an illusion of visible reality. The arts of cultures other than the European had become accessible and showed alternative ways of describing visual experience to the artist
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Case 1 – Selection: Staffing Dutch corps commando troops 1. There are five main competencies needed for the staffing of the Dutch Corps Commando Troops. The competencies‚ as mentioned in the article given‚ include (1) physical abilities‚ (2) war-fighting skills (such as skills in explosive ordnance disposal‚ close quarters battle‚ aerial infiltration‚ and survival‚ evasion‚ resistance and escape)‚ (3) mental ability (cognitive capacity‚ for example)‚ (4) personality traits or characteristics (such
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Nature of Abstract Art Meyer Schapiro (1937) Before there was an art of abstract painting‚ it was already widely believed that the value of a picture was a matter of colors and shapes alone. Music and architecture were constantly held up to painters as examples of a pure art which did not have to imitate objects but derived its effects from elements peculiar to itself. But such ideas could not be readily accepted‚ since no one had yet seen a painting made up of colors and shapes‚ representing
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Executive Summary: Calpine Corporation ’s Senior Vice President of Finance (S.V.P.) Bob Kelly and Vice President (V.P.) of Finance Robin Crabtree knew 1999 was going to be a difficult year. Chief Executive Officer (C.E.O.) Pete Cartwright had recently announced a bold ramp-up in Calpine ’s growth strategy‚ raising the 5-year target for generating capacity from 6‚300 to 15‚000 megawatts (MW). The financial requirements were formidable. Adding 12‚000 MW to Calpine ’s current 3‚000 MW electric generating
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