Lecture 12 Learning Objectives • Ask Why‚ Asshole? • Identify the types of threats professional accountants encounter and identify ways of minimising these. • Outline the disciplinary procedures for accountants. • Discuss the role of ethics in a global environment Enron: The Smartest Guys in the Room? Threats to Accountants • Code of Ethical Conduct • Compliance with these principles may be undermined by the following 5 threats from APES 110: • Self-Interest Threat ▫ may occur as
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Discuss whether an improvement in a country’s terms of trade always works to its benefits The terms of trade measures the value of a unit of exports in terms of the number of imports it can buy‚ or the purchasing power of our exports. T.O.T= Export Price Index/Import Price index x 1000(base year) An increase in trade of terms is considered favourable A decrease in trade of terms is considered unfavourable A favourable or an increase in the terms of trade may occur because: -the average
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OBJECTIVE: 3 METHODOLOGY 3 THE ENRON STORY: BRIEF 4 HOW AND WHAT TYPE OF FRAUDS WERE COMMITTED? 5 THE ROLE OF STOCK OPTIONS 5 THE USE OF OFF-BALANCE SHEET PARTNERSHIPS 5 Example: LJM 5 Chewco 6 LOBBYING 6 ACCOUNTING PRACTICES 6 DIFFERENT ETHICAL DIMENSIONS 7 SOCIAL DIMENSION 8 AFFECTS ON EMPLOYEES AND SHAREHOLDERS 8 ENRON INDIA 8 AGGRESSIVE NATURE OF ENRON: PERSONAL ETHICS 8 ENRON’S ARROGANCE: PERSONAL ETHICS 9 EXECUTIVES ABANDON ENRON 9 POLITICAL DIMENSION: SYSTEMATIC
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SCOPE OF PUBLIC FINANCE: In order to discuss the scope of public finance we present a definition which would be helpful to determine the reality of this subject as a science. According to Prof. Taylor‚ "Public Finance deals with govt. Finance and govt. finance is concerned with raising govt. revenue and making expenditures. In this way‚ public finance is concerned with govt. Treasury. If we consider it a science‚ then it is a fiscal science. The names of the policies of this science are fiscal policies
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March. All work must be scheduled to be completed within this time frame. If there are any modifications or need for extensions‚ we will meet the first Monday and last Friday of each month to review progress and address any issues should they arise. All meetings will be held in the basement of the main hall and access will be provided to the selected contractor by our security staff. All extension requests by the contractor must be made within the first six months of the start of the project and
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purpose of this discussion post is to define the scope of practice of a nurse in my state as well as how it is defined by the American Nurses Association. The ANA defines the nurses scope of practice as an encompassing‚ "range of nursing practice activities common to all registered nurses as well as a competent level of nursing common to all registered nurses." (ANA‚ 67) The State of Ohio on the Ohio Board of Nursing Website defines a nurses scope of practice as‚ “Providing to individuals and groups
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When Jeff Skilling took the major energy company Enron over‚ he contributed to the hiring and development of an entire corporation with a crooked staff whom were corrupt all the way from the bottom employees to the top executives. Top executives “cooked the books” through a certain structured finance including accounting ambiguities‚ special purpose entities‚ and poor financial reporting. They were able to hide billions of dollars in debt from failed deals and projects. CFO‚ Andrew Fastow and other
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Table of Contents Table of Contents 1 Introduction 2 Aims and Objectives of Study 3 Critical Analysis of Recruitment and Selection (R&S) Activities 3 Identification of Drawbacks of R&S Activities in Specific Scenarios 3 To Explore the HR Practices in Various Companies in UK 4 Providing Recommendation to Reduce the Impact of Disadvantages 4 Limitations of the Study 4 Literature Review 5 Recruitment 5 Strategic Determinants of Recruitment 5 Sources of Recruitment 6 External Recruitment
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Topic Introduction to 1 Communication LEARNING OUTCOMES By the end of this topic‚ you should be able to: 1. Explain what is meant by the word „communication‰ in general; 2. Identify the main elements in the communication process; 3. Differentiate between oral and written communication; 4. Highlight some basic tips on writing; and 5. List the common pitfalls to avoid in written communication. INTRODUCTION This topic gives you an overview of communication and introduces you to
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Introduction: The Nigerian Barge Deal Enron Corporation was an energy company based in Texas and created when InterNorth acquired Houston Natural Gas Company in 1985. Enron’s growth was fast‚ it was named \America’s Most Innovative Company" for six consecutive years and it soon became the seventh largest company in the United States‚ until its bankruptcy was declared in 2001. Accounting fraud‚ money laundering and conspiracy are some of the charges which Enron stood accused of in a series of scandals
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