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 de facto 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 was attributed as the biggest audit failure.[1] Enron was formed in 1985 by Kenneth Lay after merging Houston Natural
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Enron scandal Enron shocked the world from being “America’s most innovative company” to America’s biggest corporate bankruptcy at its time. At its peak‚ Enron was America’s seventh largest corporation.From the 1990’s until the fall of 2001‚ Enron was famous throughout the business world and was known as an innovator‚ technology powerhouse‚ and a corporation with no fear. The sudden fall of Enron in the end of 2001 shattered not just the business world but also the lives of their employees. Enron
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Watergate Scandal The Break In June 17‚ 1972 there was a break in reported. The break in was at the Watergate office complex. There were 6 key players in this story. The first was G. Gordon Liddy; he was engineered and executed the Watergate break in. Many say that it was a rogue operation. It is implied that Nixon and Bob Haldeman and John D. Erlichmann did not know anything about the break in. These men got in trouble because they were part of the cover up. This was all supposed to be set up
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The Adelphia Scandal The Dawn of Adelphia Adelphia was founded in 1952 by John Rigas and his brother Gus Rigas in Coudersport‚ Pennsylvania with the purchase of their first cable franchise for $300. After 20 years‚ the Rigas brothers incorporated their company under the name Adelphia which derived its name from a Greek word which means brothers‚ an apt corporate title for a business that would employ generations of the Rigas family. Adelphia was a cable television company and built its success
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Auditing failure is also a key factor contributing to the Wedtech scandal. It is presented as a result of independence of auditing reporting and confirmation.On the one hand‚ even if auditors complied with auditing process on the surface (Berg and barbanel‚ 1987)‚ they are not independent since they were bribed to forge auditing reports.In 1982‚ Wedtech employed the Main Hurdman to financially audit its financial statementswhen it went to Initial Public Offerings. One of the auditing partners‚ Richard
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History Of Baseball History of Baseball Baseball seems always to have lived more in myth that in history. Children in England and the United States had been playing variants of the game for years such as rounders‚ one o’ cat‚ and base. In 1845‚ some young men in Manhattan organized themselves into the Knickerbockers BaseBall Club and wrote down the rules of the game they were playing. Twenty years later dozens of baseball clubs in New York and Brooklyn‚ and their journalist brethren‚ had made
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| A Trifecta Scandal | Arthur Waldon | | Charter College | | Conspiracy to steal more than a quarter billion dollars from insurance companies. The plot involved 10 doctors‚ 9 separate clinics in New York and 105 different corporations‚ and all in service in a health care fraud ring. It all stems from Russian-speaking immigrant population‚ to who grew up in a communist society that bred despite for the rules and a willingness to cheat around them. Come to find out this scheme is the
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Alex Rodriguez‚ the highest paid player in the history of baseball‚ has finally come clean about his use of steroids in the last decade as part of an immunity deal with the Drug Enforcement Association. Although the All-Star third baseman had admitted to steroids use in the past‚ he had steadfastly denied using banned substances since he joined the New York Yankees in 2004. “All my years in New York have been clean‚” he told ESPN in 2009. (Howard). With this in mind‚ many people enjoy watching sports
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Baseball Scoreboard Lee King‚ Henry Johnson‚ Demetrius Jackson‚ Bennie Chandler‚ Marcus Rice Parts List 3-Green LED’s Resistor 2-Red LED’s Resistor 5-330 Ohm Resistors 2-74175 OR Gate 3-1 k ohm Resistors 2-NO Push Buttons 2-555 Timers 1-0.01 uf Capacitor 1-0.1 uf Capacitor 1-10 k Ohm Resistor 1-22 k Ohm 1-1.0 M Ohm Information A counter uses flip-flops to “remember” the last count until the clock pulse occurs. A shift register can store several events
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Before the summer of 1972‚ the word "Watergate" meant nothing more than an office and luxurious apartment complex in Washington‚ D.C. As a result of a "third-rate burglary" on June 17 of that year‚ it came to be associated with the greatest political scandal of that century and would change the lives of the many people involved — especially President Richard M. Nixon. While doing his rounds at the Watergate Hotel in the early morning of June 17‚ 1972‚ security guard Frank Wills found a door‚ located
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