Natural Gas‚became CEO‚ and the next year wonthe post of chairman. From the pipeline sector‚ Enron began moving into new fields. In 1999‚ the company launched its broadband services unit and Enron Online‚ the company’s website for trading commodities‚ which soon became the largest business site in the world. About 90 per cent of its income eventually came from trades over Enron Online. Growth for Enron was rapid.In 2000‚ the company’s annual revenue reached$100 billion US. Itranked as the seventh-largest
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No matter what profession‚ every good worker is expected to show signs of professionalism. Professionalism‚ as the Merriam-Webster Dictionary defines it‚ is the conduct‚ aim‚ or qualities that characterize a professional person. There are a lot of factors that contribute to the makeup of professionalism‚ most of these being common courtesy as human beings. Some of these factors include attitude and self-esteem‚ communication‚ leadership and professional ethics‚ and team-building. Attitude and self-esteem
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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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Evaluate the auditor’s role in the certification of the financial statements and conclude whether its work is effective in preventing major scandals on the lines of Enron and Worldcom. 1.0 ABSTRACT 2.0 ENRON-CORPORATE FIASCOS 3.0 HOW DID THE AUDITORS FAIL TO CATCH PROBLEMS AT ENRON? 4.0 HOW TO PREVENT RECURRENCE OF ENRON? 5.0 NEW RESPONSIBILITIES OF AUDITORS ACCORDING TO SARBANES-OXLEY ACT 2002 6.0 CONCLUSION 7.0 REFERENCES 1.0 ABSTRACT The responsibility of an auditor is to express
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Enron is frequently given as an example of creative accounting. It is also given as a good example of accounting fraud and insider trading. This is a good example of creative accounting taken too far - not many would disagree that it was accounting fraud‚ although some would say they were just unlucky to get caught. after all‚ the auditors were Arthur Anderson‚ at the time one of the most respected auditing firms. Creative Accounting – Example 1 – Creating multiple trading entities The creative
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of Management Planning on the Demise of Arthur Andersen The planning function of management is critical to the success of any organization. Innovative ideas‚ perfect products‚ and highly skilled employees fail to become assets if no plans are in place for how these assets will be used to achieve the organization’s goals. In the case of the once‚ highly successful accounting firm‚ Arthur Andersen‚ management’s failure to plan effectively for crises led to its demise. Management Planning at Arthur
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character is the young noblewoman Ophelia. Often overlooked whilst residing in Hamlet’s shadow‚ Ophelia and her eventual madness is a tragedy in itself. Although‚ this unhealthy balance is perhaps only one of the many circumstances that lead to her demise. Ophelia is the subject of much more than just an unstable relationship‚ which makes her death the
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on TSUNAMI WARNING SYSTEM TO MOBILE PHONES ABSTRACT The term tsunami originates from Japanese and means “harbour wave” .It is a series of waves when a body of water‚ such as an ocean is rapidly displaced on a massive scale. Tsunamis cannot be prevented or precisely predicted‚ but there are many systems being developed to warn and save the people of regions with a high risk of tsunamis before the wave reaches land. Our paper focusses on the TSUNAMI WARNING SYSTEM TO MOBILE
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a sine wave is the common form of analog signal. A sine wave changes over a course of cycle which is constant and continuous. A sine wave represent in graphically where time in X axis & value in Y axis. [pic] Parameters; A sign wave have three parameter • Amplitude • Frequency • Phase Amplitude: The peak amplitude means the energy of a signal. Peak amplitude measured into voltage scale where amplitude may be high
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The signs of Globalisation Although globalisation has linked almost every human and places in today’s world‚ the trend has spread unequally. Globalisation has many positive‚ innovative and dynamic aspects‚ all related to the increased market access‚ increased access to capital‚ and increased access to technology and information which have led to greater income and employment opportunities. On the other hand‚ globalisation also emerge some negative result in regard to increased ecological degradation
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