With their major programmes primarily associated using means-tested assistance‚ they will typically incorporate modest universal transfers or elements of modest social-insurance plans where‚ according to Esping-Andersen ‘benefits cater mainly to a clientele of low income’ who are typically working class state dependants. However‚ there also limitations of welfare as widespread poverty is common due to a minimal de-commodifying effect. On the other hand are corporatist
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Pratt and R Donaldson‚ T. and Preston‚ L. (1995). A stakeholder theory of the corporation: Concepts‚ evidence‚ and implications‚ Academy of Management Review‚ 20 (1): 65 – 91. Dugan‚ I. J.‚ Berman‚ D. and Barrionuveu‚ A. (2001). On camera‚ people at Andersen‚ Enron tell how close they were‚ The Wall Street Journal‚ Dutton‚ J. E. and Ashford‚ S. J. (1993). Selling issues to top management. Eisenhardt‚ K. (1989). Agency theory: An assessment and review‚ Academy of Management Review‚ 14: 57–74. Fama‚ E
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Enron: Questionable Accounting Leads to Collapse In the case of Enron‚ it comes down to pure greed and a lack of accountability. From the top‚ there was illegal activity with Ken Lay‚ Jeffrey Skilling‚ and Andrew Fastow who raided the company as though it was their own personal bank. On top of that‚ the culture of the rest of the company was to make as much money as they could and employees were rewarded by the amount of profit they could make without questioning the ethical means to do so.
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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 audit and accountancy partnerships in the world. In addition to being the largest bankruptcy reorganization in American history at that time‚ Enron undoubtedly is the biggest audit failure. It is ever the most famous
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Conflict in Ethical Decision Making at WorldCom Kerry Seeley Business Ethics MT4200 National American University September 25‚ 2007 Craig Chaplin Abstract This paper explains how WorldCom began and where it’s at now. It didn’t take long for WorldCom to become the second largest long distance phone company. WorldCom provided a legal framework for people working in communication projects on an individual basis‚ mainly in Central America‚ but they also developed projects together with partners
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Before filing for bankruptcy in 2001‚ Enron Corporation was one of the largest integrated natural gas and electricity companies in the world. It marketed natural gas liquids worldwide and operated one of the largest natural gas transmission systems in the world‚ totaling more than 36‚000 miles. It was also one of the largest independent developers and producers of electricity in the world‚ serving both industrial and emerging markets. Timeline Enron began as Northern Natural Gas Company‚ organized
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Renewal by Andersen of New Jersey & New York Metro offers replacement window styles for every architectural style in our area. Whether you have one of the very popular colonial homes‚ a modern condominium in the city or a designated historical dwelling‚ we can help you update your home with energy-efficient Energy Star labeled fixtures. Cape style homes are prevalent in America’s Northeast‚ and a good number occupy both historic and modern New Jersey neighborhoods. Originally intended to offer the
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Brham S. Inocencio BSA IV-A CASE 01 – Enron Corporation 1. List three types of consulting services that audit firms have provided to their audit clients in recent years. For each item‚ indicate the specific threats‚ if any‚ that the provision of the given service can pose for an audit firm’s independence. In the recent years‚ auditing firms provides the following consulting services to their clients: a. Internal auditing b. Design of accounting systems c. Various types of Information Technology
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the audit of WorldCom. Background • In June‚ a small team of internal auditors at WorldCom unearthed $3.8 billion in fraud and made known of the company’s audit committee and board of directors. Then‚ Sullivan‚ the CFO‚ was fired; Arthur Andersen withdrew its audit opinion for 2001; and SEC launched an investigation into these matters. • In July‚ WorldCom filed for bankruptcy protection‚ in the largest such filing in United States history at the time. Background The fraud was accomplished
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Enron was a company in the energy industry founded in 1985 by Kenneth Lay. Enron was based in Huston‚ Texas and employed approximately 20‚000 people. In 2001‚ Enron filed for bankruptcy after many years of lying‚ fraud‚ and dishonesty with their financial books. Enron was pretending to be a huge‚ successful company when in reality‚ it was in a financial hole so deep there was no way of getting out. Discuss and analyze the culture at Enron. In what way was it effective? In what ways was it the catalyst
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