AUD610 SUMMARY OF CASE “ENRON” Prepared for: DR NOOR MARINI Prepared by: AFNANIN BT ABD AZIZ 2012212966 NOR IDAYU BT ISA 2012485132 SITI NORFAZILAH BT HAMIRUDDIN 2012670652 NOOR PARIHA AMIN NUDIN 2012660688 NURFARAHANIM BT MOHD SABRI 2009449842 ACKNOWLEDGEMENT Without the assistance‚ cooperation and guidance of several parties‚ this assignment would not be achievable. We
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ENRON Background and Overview: Enron was famous in the business world. Known as the innovator‚ technology powerhouse and a corporation. It was named the America’s most innovative company for six years by Fortune’s Most Admired Companies survey. The fall of Enron in 2001 shattered not just the business world‚ but also the lives of the employees and the people who believed that their soar to greatness was genuine. It turns out to be the America’s biggest corporate bankruptcy. Before the
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Mr. Red Feliciano Enron Corporation’s Case Analysis Reference: Auditing and Assurance Principles by Jose Ireneo‚ Shirley Ireneo and George James 1. A. Fastow is one of the most responsible because being the Chief Financial Officer or CFO of the Enron corporation‚ he had a major influence. He was guilty of fraud‚ money laundering‚ inside trading‚ and conspiracy‚ among other crimes. Due to his acts such as misleading Enrons board of directors and audit committee on
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What Role Does Personal Ethics Play in an Organization In late 2001‚ the United States economy experienced a shock as Enron‚ the country’s 7th largest corporation‚ declared bankruptcy. Many people lost their jobs‚ and even more investors lost billions of stock dollars as shares collapsed. As the rubble was removed‚ many signs of unethical acts surfaced‚ and were found to be carried out by some of the principal parties in the company. This debacle not only affected the employees and investors
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Not Just a Warning Nationwide‚ educators are implementing the usage of trigger warnings to shield emotional and physical pain from civilians that may be fragile. Trigger warning or viewer discretion are acts of kindness that help protect people with histories of conditions. In article that was published in August of 2015‚ “Trigger warnings don’t hinder freedom of expression: they expand it” by Lindy West‚ she states that “a trigger warning is letting the audience know about potentially disturbing
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In the novel by F. Scott Fitzgerald‚ “The Great Gatsby”‚ he clearly shows that the search for the American Dream leads to demise. Throughout the book Gatsby seeks wealth‚ love‚ and social acceptance and is disappointed in the final result. In my end view after reading this novel‚ there seems to be true standing factors of why the realities of both the wealthy and working classes have such an unspoken‚ yet mutual aroma that they breathe. My own opinion of the ‘American Dream’‚ is working hard for
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ENRON: THE SMARTEST GUYS IN THE ROOM Kenneth “Ken” Lay‚ the founder of Enron Corporation grew up from a poor family. His father was a Baptist ministry. Ken Lay works many jobs at the same time. He was aiming to make wealth for himself and for his family. From his childhood‚ he learned the value of hard work to earn a living and to achieve his ultimate goal (to be rich). He actually did work so hard‚ been working with different companies and upgraded his skills and education in obtaining Ph.D. degree
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principles and the push for lower costs and greater profits created a situation that would ultimately lead employees of the company to a potential unethical and/or illegal behavior. 3. What role did Lehman’s executives play in the company’s collapse? Were they being responsible and ethical? Discuss. It is the CEO and top managers that establish the ethical context for the organization. Values and goals flow down from the top of the organization – not from the bottom up. According to the case‚ the
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Journal of Finance and Accountancy Arthur Anderson Auditors and Enron: What happened to their Texas CPA licenses? Daniel Edelman Texas A&M University-Commerce Ashley Nicholson Texas A&M University-Commerce ABSTRACT This article examines Arthur Andersen‚ its role with Enron‚ and what happened to some of its key players. The demise of Arthur Andersen and Enron was significant. Thousands of people lost their jobs and investments. As a result‚ new laws for publicly traded companies and auditing firms
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Do observations of vital signs really indicate how sick a child is? - Would this be an effective triage tool? Introduction This assignment will look at papers that are relevant to the research question posed; it will consider their validity‚ scope of relevance and whether further research may be needed either to answer the question or to clarify aspects of research already completed. Traditionally emphasis is placed on vital sign recording to indicate the severity of an illness‚ and with the
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