"Auditors are watchdogs" Essays and Research Papers

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    Enron case

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    1. Adsteam Adonist@gmx.de‚ quigonjinn@hotmail.de was a very model of conglomerate(jujie). In the eyes of the outside‚ it was a successful company. But it’s not true. It’s far from other companies in its complex structure. Adsteam group comprised numerous less-than-majority-owned companies. It acquired major share-holdings in numerous companies throughout the 1980’s. The acquisition strategy resulted in an extremely complicated cross-shareholding-based structure. It was noting that the maximum amount

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    role of media

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    The Role of Media What is “The Media?” The word media means different things depending on how it is used. Media is the plural form of the word medium. A medium is a method of communicating information‚ entertainment‚ or other messages. Television is one popular medium. Radio‚ the internet‚ and cell phones are all examples of commonly used media. The term mass media refers to methods of communicating with large numbers of people. A lot of media exists purely for entertainment‚ such

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    Mrfahad

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    searchwww.iiste.org The Role‚ Compromise and Problems of the External Auditor in Corporate Governance* James O. Alabede Department of Accounting‚ Federal Polytechnic Bauchi‚ Nigeria‚ E mail: joalabede@yahoo.com Abstract This study reflects on the role‚ compromise and problems of the external auditor in the corporate governance with particular reference to the UK. The external auditor is an independent person or firm of auditors appointed by the shareholders to investigate the financial statements

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    Crazy Eddie

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    CASE 1.8 Crazy Eddie‚ Inc. In 1969‚Eddie Antar‚ a 21-year-old high school dropout from Brooklyn‚ opened a consumer electronics store with 150square feet of floor space in New York City 1 Despite this modest beginning‚ Antar would eventually dominate the retail consumer electronics market in the New York City metropolitan area. By 1987‚Antar’s firm‚ Crazy Eddie‚ Inc.‚ had 43 retail outlets‚ sales exceeding $350 million‚ and outstanding stock with a collective market value of $600 million. Antar

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    Worldcom Scam

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    Enron and its Associates Used Questionable Accounting Practices Clearly‚ there have been cases where management knowingly deceived the auditors. Then there seem to be other instances where the accounting treatment envelope was pushed just a bit too far. In the case of Enron‚ David B. Duncan‚ the former Andersen partner in charge of the Enron audit who was the government’s chief witness in the trial against Arthur Andersen‚ stood behind the decisions that resulted in the widespread use of off-balance

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    � INTRODUCTION: _"There is a big disconnect between the vast potential of the global economy and what it does for ordinary workers. Finding solutions to these new global realities is very difficult but not impossible; it just requires some hard thinking and some hard decisions. Where are the leaders with the vision to take up the challenge?"1_ The keywords in the above excerpt are "workers"‚ "solutions"‚ "leaders" and "challenge". Nike Inc.‚ the world _LEADER_ in the athletic footwear‚ apparel

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    TABLE OF CONTENTS Title page Certification Dedication Acknowledgement Table of content Abstract CHAPTER ONE 1. Background of the Study 2. Statement of Problem 3. Research Objectives 4. Significance of Study 5. Scope and Limitation of the Study CHAPTER TWO: LITERATURE REVIEW 1. Introduction 2. Types of Bank Frauds 3. Causes of Fraud 4. Effects of Fraud on Banks 5. Internal Audit function 6. Fraud and Internal Audit 7. Fraud Prevention 1. General Measures 2

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    Mass Media and Education

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      In theory‚ it is absolutely vital for the mass media to keep an eye on the way in which governments administer and develop education‚ but it has to be said that in this day and age of a battle for survival within the mass media industry‚ the watchdog does tend to become somewhat rabid at times.  Like most businesses the mass media often takes a line of least resistance when problems occur and a first step always seems to blame the trades union movements.  In South Africa the South African

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    Sarbanes Oxley

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    Oxley (R-OH). As a result of SOX‚ top management must now individually certify the accuracy of financial information. In addition‚ penalties for fraudulent financial activity are much more severe. Also‚ SOX increased the independence of the outside auditors who review the accuracy of corporate financial statements‚ and increased the oversight role of boards of directors.[1] The bill was enacted as a reaction to a number of major corporate and accounting scandals including those affecting Enron‚ Tyco

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    WORLDcoM

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    CASE 3 : Accounting Fraud at WolrdCom Table of Contents Introduction....................................................................................................................... 1 Question 1 .......................................................................................................................... 2 Question 2 .......................................................................................................................... 4 Question 3 ..........................

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