1. The Enron debacle created what one public official reported was a “crisis of confidence” on the part of the public in the accounting profession. List the parties who you believe are most responsible for that crisis. Briefly justify each of your choices. a. Kenneth Lay‚ Jeffrey Skilling‚ and Andrew Fastow. A common theme of the allegations leveled at the three executives was that they had created a corporate culture that fostered‚ if not encouraged‚ “rule breaking”. b. Andersen
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04. What Are the Ethics of the Alternatives? 01. Which alternative would produced the greatest benefit to the greatest number of stakeholders ? According to the case study that can be made many alternatives view the stake holders and what type of benefits that company can gain from the stake holders Mr.Ruwan Perera is assistant controller in this company he gives to some account details to the firm and the firm analyze this data and how the over view of this company situation among that situation
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Stakeholder Analysis Case Study: BYDauto Enter HK’s Electric Taxi / Bus Market Hui Qiu‚ EMBA 18 ESC Rennes Case background Hong Kong (HK) is one of the most crowded cities in the world‚ with almost the highest vehicle density. It has long been criticized for its bad air quality compared to its advanced economy. With the recently hazardous air pollution in China mainland‚ HK has been affected as well for its geographic neighborhood. The Air quality readings recently (PM2.5: 60µg/m³) have exceeded
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Enron- Examining a Business Failure University of Phoenix Organization Leadership LDR/531 Mr. January 12‚ 2010 Enron- Examining a Business Failure How did a multibillion dollar company arrive to the point of non existence? Was it the lack of organizational structure? Or maybe the lack of ethical management and leadership? One thing is certain and that is Enron has given the world a glance at how a leader within the energy industry‚ could have it all one minute‚ yet in a blink of
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. Enron senior management gets a failing grade on the truth and disclosure and a passing grade on arrogance and greed. For Fifteen years Enron was a paper tiger with few questions ever asked concerning its earnings profitability or business practices. The deceit and deception by Enron management seems to be the environment of a divisive marketing campaign that Kenneth Lay‚ Jeffery Skilling and Andrew Fastow hide while touting Enron. In reality Enron was one of the greatest Ponzi schemes to date
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4.1 Enron Corporation and Anderson‚ LLP ----Analyzing the fall of two Giants This case results in the publishing of Sarbanes-Oxley Act of 2002 and relevant to the Securities and Exchange Commission. Also‚ it is related to SAS 103: Auditing‚ Quality Control‚ and Independence Standards and Rules. [1] What were the business risk Enron faced‚ and how did those risks increase the likelihood if material misstatements in Enron’s financial statements? The business risks Enron faced are as following:
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2.1 Identifying stakeholder for decision making The person how have invested in the business is known as the stakeholder. The person how have invested in the Tesco company then it is Tesco stakeholder. This per can be any one like it can be the creditor‚ debate‚ government‚ employee‚ any other company owner and owners or top level of a company. The person can affect the company because his some amount have been put in the Tesco. The stakeholder provides the financial helps to the company the stakeholders
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came to light with the discovery of $14bn in its finances that could not be accounted for. The scandal has also come to be known as the Enron of Europe. The scandal brought down the company and its senior executives‚ blue chip European and American banks‚ accountancy firms and 130‚000 shareholders following the discovery of the scandal in 2003. Details of the Case The details of how the company came to be a giant and how its fraudulent finances were noticed
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Pustaka 2.1.1 Teori Stakeholder Menurut Freeman (1984) tidak seperti “sudut pandang produksi” dari perusahaan‚ “sudut pandang managerial” dari perusahaan memerlukan manajemen puncak untuk “secara bersama-sama memuaskan pemilik‚ karyawan‚ dan serikatnya‚ pemasok dan pelanggan” jika ingin sukses. Dalam sebuah organisasi "pelayanan pemangku kepentingan"‚ manajer dalam disiplin fungsional yang berbeda dapat lebih responsif terhadap lingkungan eksternal dengan membawa maju gagasan "stakeholder internal" sebagai
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Case Study of Enron’s Fall Enron‚ once one of the leading companies in the United States‚ experienced one of the most notorious corporate collapses in recent history. The fact that Enron was‚ indeed‚ corrupt is no question. The question is‚ however‚ who is to be held morally responsible for Enron’s wrong doing. Along with figuring out who is to be morally responsible for Enron’s ethically wrong doings‚ it is essential to explore the systemic‚ corporate‚ and individual issues presented within
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