IN DEPENDENCE OF AUDITOR – ENRON AND ARTHUR ANDERSEN CASE Introduction The world economy in recent years has got some significant growth but also had quite serious scandals. They caused the shakes for many‚ both citizens and authorities. Therefore‚ it is a challenging time and it is the time for change. An absolutely necessity is to enhance the true reliable financial information because the success on the capital market depends on it. The key factor is to assure that auditors must take a completely
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Article Summary and Reflection Moral Dilemmas‚ Moral Strategies‚ and the Transformation of Gender Lessons from Two Generations of Work and Family Change Women seek personal development by caring for others and men care for others by sharing the rewards of independent achievement are the traditional social norm in the 20th century. In the 21st century‚ people started to question whether women and men should really be separated into two distinct‚ opposed and unchanging moral categories. Women and
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What role did the accounting profession play in the recent subprime mortgage crisis? What could they have done differently? An independent auditor has a duty is to: identify‚ measure‚ and communicate financial information about an entity for decision making purposes. They are also responsible for generating the financial statements/reports for an organization. (Marshall‚ McManus‚ Viele‚ 2008) The subprime mortgage crisis is the result of contract laws allowing lenders the securitization of subprime
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duping the auditors. As for analytical procedures performed‚ this can be a problem at times because sometimes there is a lack of comparability among companies and there can also be an inability to obtain current industry data. Question 3: In testimony before Congress‚ George Greenspan reported that one means he used to audit the insurance restoration contracts was to verify that his client actually received payment on those jobs. How can such apparently reliable evidence lead an auditor to an improper
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Assignment 1 Personal Ethical Dilemma Part A – The central issue to the dilemma is Theft: At one of my previous jobs my employer asked me if I knew anyone with experience for an open position at work. I recommended a friend that I had worked with before in a previous company. He got the job and was great at. After months of working hard‚ my friend asked my employer for a raise he felt he deserved. When my employer refused‚ he decided to begin stealing stock as another form of compensation. When
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CNG DILEMMA CNG which is commonly known as compressed natural gas was firstly used as transportation fuel in 1821 in United States. It was first drawn from the wells of china. There are more than 1.4 million vehicles on road every day. Countries such as Iran‚ Pakistan and Argentina make the largest share of consumption of compressed natural Gas internationally. Pakistan is the second largest country in the world in the consumption of CNG. It has been increasing in Pakistan since 1960.This
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Client Choice verses Client Good Ethical Dilemma Ursula Blinski 0089672 The Discipline of Professional Nursing 3 Instructor: Kim Client Choice verses Client Good Ethical Dilemma Ethical dilemmas are as common as a routine medication pass. As health care professionals‚ their goals are to promote health‚ prevent illness‚ restore health and to aid in suffering. Complex issues can arise that may conflict with one’s personal values and beliefs‚ or clients wishes may conflict
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HRD DILEMMA Sukumar Vyas read the message on his E-mail. It was an anxious and urgent message from sudeep Rai‚ the vice-president of human resource development (HRD) at Trifle India Ltd. (TIL). It read: "TIL is downsizing in a big way‚ and this comes as a shock to me. It was not on the agenda when I accepted their offer‚ and I am wrecked by a tremendous feeling of despair over this exercise. The agitation I am feeling is straining my objectivity. I need to talk to you urgently." Vyas
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Moral Dilemma Jocelyn Chang Block 1 The world of morality does not always operate in shades of black and white‚ more often than not it ventures into realms of different hues of gray. Who should be allowed to decide one’s life? People with faith in the justice system believe that the choice should be left to a judge and jury; people with faith in religion believe the choice can only be made by a god. What about one man? In “Gentlemen‚ your verdict” by Michael Bruce‚ Lieutenant-Commander Oram must
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A Corporate Fraud is defined as a set of Activities undertaken by a company or set of individuals that are done in a dishonest or illegal manner‚ and are designed to give an advantage to the perpetrating company or the individual. Corporate fraud schemes go beyond the scope of an employee’s stated position‚ and are marked by their complexity and economic impact on the business‚ other employees and outside parties. Corporate Frauds are becoming very inherent in the present era. A selected range of
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