Case 5: Arthur Andersen: Questionable Accounting Practices April 28‚ 2012 Case 5: Arthur Andersen: Questionable Accounting Practices Describe the legal and ethical issues surrounding Andersen’s auditing of companies accused of accounting improprieties. Arthur Andersen LLP (Andersen) was involved with several legal and ethical issues regarding several of their clients being accused of accounting improprieties. Andersen may not have been directly involved with most of these improprieties;
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following ethical and legal standards. The purpose of this paper is to discuss the legal‚ ethical‚ and social responsibility of Arthur Andersen. This paper will also analyze three factors that influence Arthur Andersen ’s strategic‚ tactical‚ operational‚ and contingency planning. The term ethics must first be defined to understand a few of the issues involving Arthur Andersen. According to Wikipedia‚ the term Ethics is a set of principles of right conduct‚ a theory or system of moral values. When a
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Business ethics is an area of ethics that examines ethical rules and principles within a commercial perspective using cases such as: Accounting Irregularities at WorldCom and Arthur Andersen…No More: What Went Wrong? (Business Ethics 4th Ed: Cases 5 & 6 pg.101-109)‚ both clearly present various moral and ethical problems that arise that are real life business scenarios as well as question the impact of certain ‘special’ duties/obligations that apply to particular individuals and employees who choose
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COMPANY PROFILE Deloitte Touche Tohmatsu Limited REFERENCE CODE: A84E8BAB-3212-405C-A8E5-382E054C11B9 PUBLICATION DATE: 26 Aug 2014 www.marketline.com COPYRIGHT MARKETLINE. THIS CONTENT IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED OR DISTRIBUTED. Deloitte Touche Tohmatsu Limited TABLE OF CONTENTS TABLE OF CONTENTS Company Overview..............................................................................................3 Key Facts....................................................
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employees succeeded in destroying over thirty thousand documents before being subpoenaed by the SEC‚ predictably hindering the investigation. During May of 2002‚ Arthur Andersen LLP was finally indicted on charges of obstruction of justice by the Southern Texas District Court‚ served by Michael Chertoff. The jury believed that Arthur Andersen and its employees were in violation of 18 US Code § 1512‚ a public law which covers “tampering with a witness‚ victim‚ or an informant”5‚ due to the mass destruction
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Deloitte & Diversity Summary of Deloitte: Deloitte is one of Canada’s leading professional services firms. They provides audit‚ tax‚ consulting‚ and financial advisory services. Deloitte values diversity and takes concrete steps towards inclusion of women‚ visible minorities‚ recent immigrants‚ aboriginals‚ etc. Each year‚ they publish an annual diversity report. Deloitte was selected as a “Best Diversity Employer” in 2012 by the Mediacorps editors among the 2012 Canada’s Top 100 employers project
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Case Analysis Arthur Andersen: Questionable Accounting Practices ●Introduction Arthur Andersen LLP‚ which is over a span of nearly 90 years‚ would become one of the "Big five" largest accounting firms in the United States. Moreover‚ the accounting firm seen as the symbol of trust‚ integrity and ethic. The good reputation is derived from the advent of consulting business‚ which was developed by Leonard Spack. However‚ with the growth of consulting services‚ many accounting firms viewed it as a
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1) What did Arthur Andersen contribute to the Enron disaster? Arthur Andersen (AA) contributed to the Enron disaster when it has failed to the management by failing to have Enron establish and enforce its own internal control. There has been flaws to AA‘s internal control. There has been assumption that AA partners were too motivated by revenue recognition thus‚ overlooking several criteria when providing their services to Enron. Additionally‚ AA also recognised the retention of audit clients
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Deloitte Structure Answers : Analysis of organizational structure of Deloitte US-India Pvt. Ltd a) Overcoming design challenges: 1. Differentiation: Differentiation provides the opportunity to specialize in a complex organization. It establishes task and authority relationship that allows the organization to achieve its goal. It is a process of allocating roles and responsibilities on the basis of skill sets and available resources. 2. Balancing differentiation and integration: Senior Manager
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economics Professor Arthur Andersen started the accounting firm Arthur Andersen & Co. Arthur Andersen as an accounting firm to offer certification for corporate balance sheets 1. Arthur Andersen & Co. created an initial setup of the consulting unit when it formed the Administrative Accounting group in 1942. The Administrative Accounting main tasks were developing systems related to accounting ‚ and different methods and procedures for Arthur Andersen clients. In the 1950s‚ Arthur Andersen starts giving
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