Arthur Andersen is at the heart of the scandal. Indeed‚ after being convicted of obstruction of justice in the case of the bankruptcy of the oil giant Enron for destroying documents related to the accounting group‚ the firm had also audited the accounts of Worldcom in 2001 and in early 2002. The audit firm probably acted negligently in this case just like in the Enron case. The Worldcom case is particular in the sense in the way the fraud was discovered by an internal audit. Indeed‚ several employees
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Tests & Case Interviews – How to do well? Michael Holst‚ HR Leader March 2010 Deloitte Business Consulting A/S Copenhagen‚ May 2009 -1- Agenda Why and how to assess candidates Three candidates: Let’s see how they do... The CV The case The logical / analytical test The Personality profile analysis Summary -2- Why assess candidates? The best way to ascertain whether or not a person will be a success in a specific job is to hire them – This however is
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S w 9B08M070 THE REGAL CARNATION HOTEL‚ GUAM Jim Kayalar wrote this case solely to provide material for class discussion. The author does not intend to illustrate either effective or ineffective handling of a managerial situation. The author may have disguised certain names and other identifying information to protect confidentiality. Ivey Management Services prohibits any form of reproduction‚ storage or transmittal without its written perm ission. Reproduction of this material is
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ANNE ARUNDEL COUNTY HILL‚ John Lyster - Disbarred by Consent on November 24‚ 2009 by the Court of Appeals for mishandling two (2) domestic relations cases in which he failed to take prompt action‚ he implied he had paid a judge to expedite his client’s case‚ failed to file an Information Report causing dismissal of his client’s appeal‚ and failed to deposit and maintain his client’s retainer in trust‚ in violation of Maryland Rules of Professional Conduct 1.1‚ 1.3‚ 1.4‚ 1.5(a)‚ 1.15‚ 7.1(b) and
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lawsuits. Sunbeam’s accounting firm‚ Arthur Andersen (later ruined by its involvement with Enron)‚ performed an audit and reported that Sunbeam’s books were accurate and in accordance with federal guidelines. However‚ the board was unsatisfied and hired Deloitte & Touche to review Arthur Andersen’s audit. This follow-up uncovered proof that the numbers had
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Nortel Case Study Daniel Jensen Victoria Brown Mary Mantell Matthew Passariello Michael McBride ACBG 4646 Accounting Ethics and Professionalism Dr. Barbara M. Porco Term Project Brief History: The company was born way back in 1882‚ as a mechanical department that was created within Bell Telephone Company of Canada to manufacture telephones and telephone equipment for Canada. Eventually the company progressed to the manufacturing of switchboards. The manufacturing arm of the company
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JUST FOR FEET‚ INC. CASE STUDY QUESTIONS 1) Prepare common-sized balance sheets and income statements for Just for Feet for the period 1996-1998. Also compute key liquidity‚ solvency‚ activity‚ and profitability ratios for 1997-1998. Given these data‚ comment on what you believe were the high-risk financial statement items for the 1998 Just for Feet audit. 2) Just for Feet operated large‚ high-volume retail stores. Identify internal control risks common to such businesses. How should these
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Subhiksha leads none to Subhiksha (prosperity) S Shivakumar 03 March‚ 2009 ?Anything well begun is half done? ? so goes a saying. But those behind Subhiksha apparently wanted to prove it wrong. Unfortunately‚ they have succeeded and are poorer for it. Mind you‚ a private equity player stayed on the sidelines all along! SUBHIKSHA‚ THE ailing retailer‚ is mired in controversy. Bitter accusations and recriminations between ICICI Ventures on the one hand and Subhiksha’s promoter and managing
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clear understanding about these tools. The subject is proposed to be covered in four phases viz. developing conceptual knowledge‚ using the tools to simple problems with hand calculations‚ using computer to solve complex problems‚ and discussing few cases. MS Excel is used as computer package to develop simple templates to solve problems. Within available time only few OR techniques are included in the course. However‚ students are advised to familiarize themselves with other techniques on their own
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Case 12-04 Hemo-Tech Inc. Part I Hemo-Tech Inc. (“Hemo”) manufactures and sells specialized medical equipment and services to physicians and hospitals. The equipment is used to extract and store blood samples from patients. Hemo is currently marketing its latest equipment model‚ BIO-07‚ which includes Hemo’s new patented technology that significantly improves sample collection efficiency and reduces contamination risk to a low level. Hemo is the only company in the United States that sells this type
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