Enron – The Ken Lay Indictment Questions/Answers for Discussion: 1. Is there sufficient evidence of fraudulent intent to convict Ken Lay for stock manipulation "beyond a reasonable doubt"? Why or why not? If we are answering the question with the given facts presented in this case study‚ there are only allegations. To convict Ken Lay for stock manipulation ’beyond a reasonable doubt’ means that a trial must happen and both sides: Prosecutor and Defense will present a case to convince the jurors
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Rod mills are very similar to ball mills‚ except they use long rods for grinding media. The rods grind the ore by tumbling within the the mill‚ similar to the grinding balls in a ball mill. To prevent the conditions leading to rod charge tangling‚ the length to diameter ratio is maintained at 1.4 to 1.6. Rod mills accept feed up to about 50 mm (2 in.) and produce a product in the size range of 3000 to 270 mm (–4 to –35 mesh). Grinding action is by line contact between the rods extending the length
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studied three philosophers Thomas Hobbes‚ John Stuart Mill‚ and Immanuel Kant. Each of these philosophers believed that there was an ultimate human good. Hobbes believed that power was the ultimate human good‚ while Mill believed it was happiness‚ or pleasure in life. Kant on the other hand believed human dignity was the ultimate human good. The two points of view I chose to compare and contrast are those of Mill and Kant. As previously mentioned Mill believed that the ultimate human good was producing
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Mill Ball Influences Output of Ball Mill Mill ball‚ as main materials for ball mill processing‚ is very important for improving output of ball mill. The quality of steel ball‚ the reasonable ratio and different mining conditions will all affect the output of ball mill. Grinding ballmanufacturers must know about these factors which affect the output of ball mill for the sake of customers. The use of steel ball is the core condition of ball mill processing. The more knowledge of casting ball proportion
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Ball mills and rod mills are both excellent mining machines for grinding ores into fine powders and particles. However‚ many customers are confused when they choosing equipments for grinding due to their similar appearance. This paragraph is a brief explanation to the difference of ball mill and rod mill below. The calling name of ball mill and rod mill comes from the different grinding medium. Rod mill is called rod mill because the grinding medium in the barrel is steel rod. Rod mill is usually
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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 a result of the financial or
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as vast backgrounds and foregrounds depicting a certain place or type of landscape. In saying this‚ they also exploit the traditional conventions of portraiture‚ as in both portraits the figures are not distinct. The children in Constable’s Flatford Mill appear as indistinct figures‚ as the viewer should only refer to them as subjects that are needed to clarify the context and relation to Constable’s childhood‚ and to ensure the focus is mostly on the landscape. Friedrich’s Wanderer also exploits the
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While I enjoyed reading the Enron Case Study by Sims and Brinkmann and found it to be extremely informative‚ the movie‚ Enron: The Smartest Guys in the Room‚ provided additional information‚ details‚ and context regarding the individuals‚ decisions‚ and factors that contributed to Enron’s downfall (McLean & Elkind‚ 2003). To begin with‚ the movie delved into Ken Lay and Jeff Skilling’s personal‚ educational‚ and professional background and provided context regarding how their backgrounds influenced
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level – why auditing? • Enron Auditing • Why do we have auditing? • Lemonade Stand Example Did ANYONE Do ANYTHING WRONG? CONCLUSION Did Anyone Do Anything Wrong? YES!! ENRON’S RISE 1985 – Internorth‚ based in Omaha‚ acquired Houston Natural Gas. 1986 – Changed name to Enron and moved to Houston. OLD ENERGY SYSTEM • Electricity • State-regulated monopolies. • Stable‚ but inefficient. • Natural Gas • Pipelines transported on fixed delivery routes with set prices. Enron Producers Pipeline
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Enron and WorldCom Case Study This report is based on the demise of Enron Corporation and WorldCom. Both the firms are demised due to the ethical lapses. These ethical lapses come into existence when managements of the firm‚ uses unethical practices to accomplish the goals of the firm. Maintaining financial and accounting standards in the business practices are necessary. The profession of accounting has become a mockery due to the accounting scandals that took place all over the world in the
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