almost $16.2 billion over a 15 year period‚ leading the company into a $9.2 billion bankruptcy. Grant Thornton‚ the auditor at the time of the events‚ was replaced by Deloitte & Touche Tohmatsu‚ claiming to be a victim of deceit in the Parmalat audit scandals. ii. Adelphia (2002) - Deloitte & Touche Tohmatsu Adelphia Communications was under Pennsylvania and New York federal grand jury‚ and SEC investigations for making off-balance-sheet loans‚ amounting to $3.1 billion‚ to the founders and former
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Scandal In All Forms In today’s society most social media has a political concept. In some media it is obvious while others the message is more subliminal. Scandal is a TV show centered around our American government and man political concept. The show is centered around a love triangle Between the president‚ the first lady‚ and his ex campaign manager‚ and the main character‚ Olivia pope “A former White House communications director opens a Washington‚ D.C. crisis-management firm (Web‚ TV guide)
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profession used in Canada‚ we would be talking about IFRS (International Financial Reporting Standards)‚ which has recently become a requirement for Canadian profit-oriented enterprises beginning after January 1‚ 2011. Who was responsible for this scandal? The CEO of Enron‚ Kennie Lay‚ was responsible because first of all he lied to investor and told them that the stock prices would increase to about 130 dollars when the stock price were at $90 but he knew about Enron’s financial problem so he started
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Creative Accounting AC4001 12/13/2013 ‘Many investors now believe that companies can manipulate their accounts more or less at will‚ with the aim of producing profits that increase steadily over time. Provisions are bumped up in good years and later released‚ or the value of an acquisition is slashed; there are plenty of tricks.’ In your opinion is it possible to eliminate creative accounting? I do not think that creative accounting practice can be eliminated completely. However‚ I do
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When people think of the Watergate Scandal‚ they automatically think about Nixon and his biggest scandal. The Watergate Scandal plus 30 video helped us understand the events that took place more clearly and the interviews that took place put the whole thing into perspective. Nixon was a president during the late 60’s early 70’s. He was a president who had good private morality‚ but not so much public morality. This flaw made him quite paranoid and Nixon felt he needed information to be on top.
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Internal Revenue Service Scandal The Internal Revenue Service has been at the center of a controversial scandal along with a few political figureheads. This scandal has had Congress to convene several times and affected many officials. In Washington‚ lawmakers have had documents retained and personnel named to be summoned to testify. It is interesting that during a two-year period‚ 298 groups sought-after tax-exemption but a third of them received additional scrutiny. According to Shesgreen
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The year of 1974 was definitely not a time to forget as within this time unique events occurred. The completion of a world renown structure‚ the death of historical figure’s mother‚ and the uncovering of a soldier loyal to his orders long after the war’s end. Truly 1974 stands out in its diversity of events among other times. On January 15‚ the navy of the republic of China altercated with the south vietnamese navy resulting in a two day skirmish known as the battle of Hoang sea. The objective of
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Women in the U.S. military have always had a "tough row to hoe"; those women who literally broke ground‚ opened doors‚ and made the choice of a military career easier for those who followed‚ were the beginning. Today the fight is continuing. Inequality and sexual harassment towards women continues to persist‚ because the military¡¦s leadership when faced with the option of ill repute or justice ignores justice. Women deserve fair treatment‚ a non-hostile environment‚ and a chance to further their
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Donald John Trump was born on June 14‚ 1946‚ in Queens New York. He grew up in a house with 5 siblings and his 2 parens Frederick C. and Mary MacLeod trump. His father was a builder and real estate developer who operated middle-income apartments in Queens‚ Staten Island and Brooklyn. Donald growing up was energetic‚ and assertive as a child. His parents sen him to a Military academy hoping he would channel his energy positively. While he was a military school he became a sar athlete and a student
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Mk Ultra was the name given to a terrible illegal program. Human subjects were experimented on by the CIA. It used people not aware of the full facts for test subjects. This included American citizens and Canadian citizens. This experiment used LSD on mental patients‚ some prisoners‚ prostitutes‚ and drug addicts. Not only that their own CIA employees were victims of LSD being admistered to them. LSD is a potent chemical that can change the mood of a person. It has lysergic acid which can be obtained
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