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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show investors the downside of risk. I believe the main reason the stock increased so much is due to corruption of Arthur Andersen‚ an independent audit firm. On Wikipedia’s website there was a statement from Enron’s Power Committee and it appears they were placing blame on the Andersen firm. They were quoted as saying‚ "… evidence available to us suggests that Andersen did not fulfill its professional responsibilities in connection with its audits of Enron ’s financial statements‚ or its obligation
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below: 3. Auditing Firm of the GAP‚ Inc. Deloitte & Touche LLP have audited the accompanying consolidated balance sheets of the GAP‚ Inc. and the other financial statements which are the consolidated statements of income‚ stockholder’s equity‚ and cash flows for three years in the period ended in January 28‚ 2012. They have also consulted the Company’s internal control over financial reporting as of January 28‚ 2012. Deloitte & Touche LLP indicated that consolidated financial statements
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Employee Retention-Talent Management Organizations need to be possessive about the employees-The stronger organization’s possessiveness –the longer are the employees are retained Abstract-Talent is the critical success factor to any organization. Talent pool management is the most challenging area to any organization. The challenge of finding‚ attracting‚ developing and retaining the right talent is taking up a major part of management and once the right talent is found the next demanding job
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edu/ Email： ukmba@uky.com phone: (859) 257-1306 MBA 就业大揭秘 MBA 毕业生所去公司 ACS Humana Alltech Kaba Mas Brown-Forman KPMG Crowe Horwath LeanCor Cummins Lexmark Dean‚ Dorton‚ and Ford PricewaterhouseCoopers Deloitte & Touche Procter & Gamble Eastman Chemical Ryder Integrated Logistics Eli Lilly & Company Tempur-Pedic Ernst & Young Toyota Federal Reserve U.S. Department of Labor Fifth Third Bancorp Wal-Mart GE Wright-Patterson
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competitive compensation and benefit packages To professionalize Starbucks‚ it offered competitive compensation and benefit Answer1 2 packages to target individuals at some of the country’s most successful and innovative corporation such as Nike‚ Deloitte and Touche and Macy’s. Introduction of Cafe Starbucks: To be on the top‚ Starbucks introduced its first full- fledged restaurant in Seattle and named it “Café Starbucks”.in 1998. Availability of different types of products: Starbucks not only sells
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accessories and equipment‚ primarily through Company-operated retail stores. Starbucks sells coffee‚ tea products‚ and a variety of ready-to-drink beverages” (H. Schultz‚ (CEO) Starbucks Corporation‚ 2009). The auditing firm of Starbucks is Deloitte & Touche LLP of Seattle‚ Washington. The ticker symbol for Starbucks Corporation is SBUX. Starbucks’
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Arthur Andersen’s Troubles 1. Arthur Andersen approves the structure of Special Purpose Entities. This SPE that was being used by Enron for off-balance sheet financing that misleading the public that Enron is doing well. These fraud generated by creating false profits‚ hide losses‚ keep financing off Enron’s consolidated financial statements. Instead of giving a proper advise and addressed these issuers to Enron‚ Arthur Anderson allowed Enron to continue to manipulate their numbers and mislead the
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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. They allowed Enron to use these fraudulent statements for 15 years. Corporate executives and their accountants are ultimately responsible for the integrity of their company’s financial statements. 2. List three types of consulting services that
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Adelphia Communications Corporation Scandal Unethical Business Practices Research Assignment Abstract Historically‚ ethical values‚ relating to professional business practice‚ continually raises controversy for business owners/founders‚ shareholders and consumers. Ethical standards perpetually change because personal and societal values evolve‚ and adapt accordingly to modern day lifestyle. It is as essential to adhere to your profession’s ethics‚ as it is to denounce questionable
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