Enron Case Answer 1. Who were the key stakeholders involved in‚ or affected by‚ the collapse of Enron? How and to what degree were they hurt or helped by the actions of Enron management? Outline: Key stakeholders involved or affected by the collapse of Enron How were the key stakeholders hurt or helped by the actions of Enron management The degree of Enron management actions’ hurt or helps to the key stakeholders The key stakeholders involved or affected by the collapse of Enron were thousands
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1. The Enron executive team including Kenneth Lay‚ Jeffrey Skilling‚ Andrew Fastow and other executives‚ were the key players in the crisis. The business practices they used when creating hundreds of SPE’s and diverting large amounts of liabilities to those off-balance sheet entities. Enron was aware of the minimal accounting guidelines for SPE’s and used them to their advantage. To create such a complex “paper” structure‚ the executives had to have coordinate their plans with the accountants
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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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Bridge Structures and The Use of Geometry in Their Design What is a bridge? A bridge is a structure providing continuous passage over a body of water‚ roadway‚ or valley. Every bridge looks different from the another. Their bridge structure is different. There are nine types of main bridges. Bridge engineers use a lot of geometry to help them design the different bridges. Without geometry‚ the bridges would not be safe. Bridges have been around for a long time. The earliest bridges
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When people in the United States today hear the term "London Bridge‚" they are most likely to think of one of the most peculiar sights anywhere within the United States that of the London Bridge in Lake Havasu City‚ Arizona. Surrounded by faked-up Tudor buildings and busloads of tourists‚ the large bridge is dwarfed by the majesty of the desert Southwest. The entire enterprise stands as a monument to a deep human appreciation for irony‚ for what else could explain the immense cost and energy that
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Suspension Of all the bridge types in use today‚ the suspension bridge allows for the longest spans. At first glance the suspension and cable-stayed bridges may look similar‚ but they are quite different. Though suspension bridges are leading long span technology today‚ they are in fact a very old form of bridge. Some primitive examples of suspension bridges use vines and ropes for cables. Typical Span Lengths 70m - 1‚000m+ World’s Longest Akashi Kaikyo Bridge‚ Japan Total Length 3‚911m
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Enron Corruption is defined as dishonest or illegal behavior especially by powerful people (Merriam Webster). There is perhaps no company in our nation’s history that further exemplifies this word than Enron. Enron’s history of fraud‚ laundering‚ and deception is now known world-wide‚ and stands as the lead example for future companies practicing unethical behaviors. Enron’s corrupted culture‚ cultivated by CEO Jeffrey Skilling‚ made some very rich while ultimately leaving thousands in ruin.
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John Doe September 30‚ 2011 Eastern Pantheism Worldview Tom Wendt Introduction This worldview believes . . . Life Eastern Pantheism Worldview Domain: Money & Career Domain: Sexuality Domain: Family Domain: Suffering & Death Domain: Friends Comparison to Christianity Assumption Naturalism Worldview Reality Means all is one god or‚ better stated‚ all is one mind or spirit (not a personal mind or spirit‚ however). Knowledge Knowing is getting
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Enron Corporation Question 1‚ In my point of view‚ the parties are most responsible for the “crisis of confidence” on the part of the public in the accounting profession as following. • The parties who create these auditing standard rules‚ such as SEC‚ Auditing Standard Board. They should publish the Sarbanes-Oxley Act earlier. They should be considered the non-auditing services for auditing clients is a serious issue earlier. • The auditors of the Andersen firm. They didn’t do their
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railway bridges because it made good use of iron. The Pratt has many variations‚ most with their own unique name. For instance‚ the Baltimore‚ Pennsylvania‚ and the Parker are all based off the Pratt. Pratt Truss How the forces are spread out Here are two diagrams showing how the forces are spread out when the Pratt Truss is under a load. The first shows the load being applied across the entire top of the bridge. The second shows a localized load in the center of the bridge. In both
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