company. “In February 2003‚ Peregrine Systems restated its financial statements for eleven quarters during the years 2000‚ 2001 and 2002‚ decreasing incomes formerly reported of 1.34 billion by more than$ 507 million.” The center of Peregrine’s fraud consisted in recording revenue on the inappropriate basis of non-binging contracts with resellers (channel partners)‚ a complete violation of Generally Accepted Accounting Principles‚ – these resellers would purchase Peregrine’s software for resale
Premium Balance sheet Accounts receivable Generally Accepted Accounting Principles
Ethics are values relating to human conduct‚ with respect to the rightness and wrongness of certain actions and to the goodness and badness of the motives and ends of such actions. If all people lived by this code the world would be a much better place. Having business ethics in the workplaces is very significant to having a truly successful business. Many companies have been forced to suffer losses or even forced to enter bankruptcy. Enron is one of the biggest examples of when making business
Premium Enron Business ethics Ethics
The Fraud of the Century: The Case of Bernard Madoff Bernard Madoff was a creditable man that people trusted him with their money because “he created an image of power‚ trust and responsibility.” (Ferrel‚ 2013‚ p. 416) He was able to scam and scheme his investors from the early 1990s up until December of 2008 when his Ponszi scheme was discovered. Over the course of a decade he was simultaneously running a legitimate business and earned his investors’ trust because he didn’t make
Premium Ethics Fraud Ponzi scheme
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
Premium Enron
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
Premium Watergate scandal
Disease trends and the delivery of health care services Paul D. Wheeler HCA/240 April 27‚ 2013 Loretta Owen The wave of baby boomers will reshape the health care system forever. There will be more people enjoying their later years‚ but they’ll be managing ore chronic conditions and therefore utilizing more health care services ("Chd/center For Design Health"‚ 2013). There will be more people enjoying their later years‚ but
Premium Medicine Health care Public health
Xerox Corporation Xerox Corporation is a $16 billion technology and services enterprise that helps businesses deploy smart document management strategies and find better ways to work. It’s intent is to constantly lead with innovative technologies‚ products and solutions that customers can depend upon to improve business results. Xerox provides the document industry’s broadest portfolio of offerings. Digital systems include color and black-and-white printing and publishing systems‚ digital presses
Premium Xerox
in British Columbia B.C. 2 Skilled Immigrants in British Columbia Bringing skilled immigrants into British Columbia has become more and more vital than before. People can immigrate to another country according to their comprehensive abilities‚ such as cultural level‚ professional skills and language ability. Every year‚ there are 35‚000 people immigrate to British Columbia and half of them are skilled immigrants. The government in British Columbia should encourage
Premium Health care Canada Logging
Health care fraud is a crime that has a significant effect on the private and public health care payment system. According to the Federal Bureau of Investigation‚ all health care programs are subject to fraud with Medicare and Medicaid being the most visible. It is estimated that fraudulent billings to both private and public health care programs are between 3 and 10 percent of total health care programs expenditures. The most recent Centers for Medicare and Medicaid (CMS) statistical estimates project
Premium Health care Health insurance Health economics
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
Premium Audit Auditor's report External auditor