Assignment #3 - Arthur Anderson: Questionable Accounting Practices February 11‚ 2013 Ethics And Advocacy For Hr Pro- HRM 522 Assignment #3 - Arthur Anderson: Questionable Accounting Practices 1. Discuss how the issues with the Arthur Anderson case may have played out differently if the Sarbanes-Oxley Act had been enacted in 1999. The provisions of Sarbanes-Oxley Act help minimize the likelihood of auditor failing to identify accounting irregularities by the following requirements:
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Case study 10.1 - THE RISE AND FALL OF WORLCOM Bernie Ebbers built WorldCom‚ Inc. (now part of Verizon‚ Inc.) into one of the world’s largest telecommunications firms. Yet he and chief financial officer (CFO) Scott Sullivan have become better known for creating a massive corporate accounting fraud that lead to the largest bankruptcy in U.S. history. Two investigate reports and subsequent court cases conclude that WorldCom executives were responsible for billions in fraudulent or unsupported accounting
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In the short stories‚ “Spaghetti” and “Slower than the Rest” by Cynthia Rylant‚ both main characters lives improved after using curiosity to find something that gave them luck. In “Spaghetti‚” the main character‚ Gabriel‚ hears a crying noise as he is sitting outside the building he lives in. Gabriel goes looking for what the crying noise could be. He unexpectedly finds a kitten‚ which surprised and pleased him. In “Slower than the Rest‚” the main character‚ Leo‚ was described as a “slow learner”
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more transparency. Unfortunately‚ then SEC increasing standards came after a failure of the system. The Sarbanes-Oxley Act of 2002 is a primary example of legislation following financial market failure. Then came a second wave of scandals‚ led by WorldCom and Adelphia in the summer of 2002. As the stock market continued to plummet only a few months before the fall elections‚ Congress and the White House saw the need for action. This time‚ Congress rushed to pass the complicated Sarbanes-Oxley Act
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My favorite thing that we read was Sarah Cynthia Sylvia Stout Would Not Take The Garbage Out. I also chose this poem because Shel Silverstein is by far my favorite poet. I love Shel Silverstein’s poems because they are funny and they always have a secret message or life lesson. I liked this poem because it was funny and makes you think about the trouble you get when you don’t do your chores or do what you are told. This poem also makes you think about what might happen when you don’t do your chores
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of such consent. Q8. Timothy retains Cynthia‚ an attorney‚ to bring a lawsuit upon a valid claim against Vincent. Recently enacted legislation has shortened the statute of limitations for this type of legal action. Cynthia fails to make herself aware of this new statute. Consequently‚ she files the complaint after the statute of limitations has run. As a result‚ the lawsuit is dismissed. What rights‚ if any‚ does Timothy have against Cynthia? In accordance with the duty of obedience
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market. Moreover‚ Odlyzko noted that new technologies were increasing the amount of data that could be sent down existing fibers‚ reducing the need for new fiber. But with investment money flooding into the market‚ few paid any attention to him. WorldCom was still using the 1‚000 percent figure as
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Louis Zamperini was born in 1917 to loving Italian immigrants in New York. At the age of two‚ his family moved to California. Louie had two older sisters and an older brother and mentor‚ Pete. Since he spoke no English‚ he was an easy target for bullies. As a child‚ he was infamous for beating up kids‚ smoking and drinking at a young age‚ stealing‚ running away‚ and never listening to his parents. When Louie found out his house key worked on his school gym‚ he and a few friends decided to start
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It wasn’t supposed to happen; I’m supposed to have my grandmother still. There was always that time before things got bad‚ when I had thought she was going to live forever. I can remember that day‚ like it was yesterday. The sun was glistening‚ the birds were chirping‚ and the wind was whispering. I had gotten off the school bus to go to my grandmother’s house. It was my usual routine‚ every Wednesday I went to see her. When I got to my grandmother’s house I was greeted by Dennis‚ one of the mentally
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unknown woman in her early twenties were standing before them. The woman introduced herself as Charles and Richard’s sister Cynthia Magnus‚ and she the Jacobson family that she was a witch. The siblings began to laugh at this remark thinking that Cynthia was a madwoman who had no concept of reality. The laughter caused Cynthia’s heart and mind to slam into a wave of anger. Cynthia raised her right hand which was producing a glowing ball of energy that lit up the dungeon. The ball of energy formed six
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