The Enron scandal A brief on Enron’s history Enron was formed in 1985 by Kenneth Lay after merging Houston Natural Gas and InterNorth. In the early 1990s‚ he helped to initiate the selling of electricity at market prices‚ The resulting markets made it possible for traders such as Enron to sell energy at higher prices‚ thereby significantly increasing its revenue. As Enron became the largest seller of natural gas in North America by 1992‚ Enron pursued a diversification strategy
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Getting the Diagnosis Wrong Liat Hill Adelphi University Danielle Ofri‚ M.D.‚ explains how differential and extensive diagnosis are and how easy it is to misdiagnose a patient. As she examines her patient with abdominal pain and prioritizes her diagnosis while trying to make sure she keeps in mind the serious conditions she can’t afford to miss. Danielle explains that diagnostic accuracy is very difficult to precisely achieve. It is estimated that doctors get
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The goal of this nursing diagnosis is make sure patient understand the importance of cataract treatment. The nursing intervention including assess motivation and willingness of patient to learn as patients must know need or purpose for learning‚ observe existing misconceptions regarding material to be taught as assessment is important starting point in education and assess barriers to learning as social interaction patterns‚ cultural norms and environmental can influence one’s learning. Next is
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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
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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
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The commissioner position in major league professional sports arose in the 1920’s in Major League Baseball. The position was created to help prevent scandals following the 1919 World Series‚ in which the Chicago “Black-Sox” purposefully threw games for money. Ever since the creation of the position‚ the power to act in the “best interests” of the sport‚ regarding conduct detrimental to the league‚ has been entrusted to the commissioner. Currently all four major professional sports leagues in the
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Assignment 1: Scandals in Auditing Fortex Introduction Fortex was regarded as one of New Zealand’s top companies. They used innovative technology to add value to their product. They won awards‚ looked after employees‚ and paid suppliers well. But when the company collapsed in March 1994 it was revealed that the success was all based on false accounting. The management team was able to fool a company of respected auditors as well as everybody else for more than three years. Thousands
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Conflict Diagnosis in the Newspaper COM/470 January 28‚ 2013 Ken West Conflict Diagnosis in the Newspaper “In conflict resolution‚ the first objective is to determine the root cause of the conflict through a conflict diagnosis.” (Hawk‚ 2013‚ p.1). Conflict diagnosis is a process used for understanding disputes‚ interpersonal conflicts‚ and the like. This is achieved by following the basic steps of conflict diagnosis: mapping out the conflict‚ identifying the source of the conflict
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package je; import java.applet.Applet; import java.awt.Color; import java.awt.Graphics; public class je { public static void main(String[] args) { // TODO Auto-generated method stub /* <APPLET CODE="Animation.JAVA" WIDTH=400 HEIGHT=300> */ //The basic applet class.The applet shows 4 cars crossing each other at a square. @SuppressWarnings("unused") class Animation extends Applet implements Runnable { //4 variables used to vary the car’s positions
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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
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