My exploding moment is when I was doing gym and my pants ripped when we are play clean the boat and when I was squatting and I heard the rip then I know something had happened and I told the gym teacher and she started to laugh. So I walked out the gym with my shirt over my pants and went to the office.Then I called my mom and asked her to pick me‚ but she was gone somewhere so she called my aunt to pick me up. Then I went to my mom’s job and I went on to the store and other things. After that
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In my opinion‚ the Easter Islanders used the trees for numerous daily necessities such as building materials for houses‚ to build canoes‚ clothing‚ and logs to move their massive statues. The Easter Islanders used the trees at an unsustainable rate‚ depleting their resource. Depleting the tree resource became more problematic for the Easter Islanders‚ because it led other agricultural resources to decline as well. As their resources declined‚ it brought violence and warfare to the civilization.
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Written Report Case: The Collapse of Barings Derivatives & Risk Control The Collapse of Barings: The Events and The Aftermath Group Write-up Written Report Case: The Collapse of Barings Executive Summary Barings Bank after two centuries of successful operations became a victim of a rogue trader. US$1.3 billion in losses outweighed bank’s own capital of US$850 million. Management negligence‚ lack of internal controls‚ poor risk management and excessive risk-taking strategy brought the bank
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Introduction Ethics in accounting and financial decision making is important in today ’s business world. Many organizations put emphasis on ethics and the financial decision making process with the organization and expect that auditors‚ managers and accountants will behave in an ethical manner. There are many factors that inspire organizations to assure and push ethical policies. In the last seven years‚ the world has witnessed stunning financial collapse in many companies that were ranked among
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the tone for the entire company‚ and in this case‚ many of the stakeholders‚ as well (Enron: The Smartest Guys in the Room‚ 2005). Sometimes‚ examples of what does not work‚ is an excellent way to understand more clearly why something does work. Insight into Enron provides just such an example. Top management it clear that the only important aspect was to make money and continually grow the stock prices (Enron: The Smartest Guys in the Room‚ 2005). Even though several employees questioned‚ if
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IN DEPENDENCE OF AUDITOR – ENRON AND ARTHUR ANDERSEN CASE Introduction The world economy in recent years has got some significant growth but also had quite serious scandals. They caused the shakes for many‚ both citizens and authorities. Therefore‚ it is a challenging time and it is the time for change. An absolutely necessity is to enhance the true reliable financial information because the success on the capital market depends on it. The key factor is to assure that auditors must take a completely
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sustained have learned from the ones that have collapsed. They learn not to make the mistakes those that have collapsed have made‚ they improve and adapt. Some use the mistakes of others to make them collapse so they can sustain. By knowing what they need to do to improve‚ they can make sure that they don’t collapse. Civilizations sustain with a social structure‚ a stable government‚ and a culture to prevent chaos and create trust. All civilizations have had its people divided by certain ways to help the
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The Collapse of Authority Authoritative regimes are built on the foundations of power and control. This essay will discuss why authoritative regimes collapse based on their ideals and how the Apartheid regime managed to maintained power through the misuse of legislature. In an authoritative regime individuals exercise power over the state and able to so without being held constitutionally liable to the public (Gandhi & Przeworski‚ 2007: 1279). Thus‚ the leaders in an authoritarian regime have
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misstatements in financial statements etc. However‚ accountants are required to behave ethically and professionally by providing clear‚ accurate information. In other words‚ true and fair statements are to be provided by accountants. Enron‚ Tyco international‚ are examples of accounting scandal. There’re some reason that cause those ethical issues arise which is due to the greedy mindset of accountant‚ tempted by money and take chance to fraud‚ Pressured by company’s executive and so on. When all these ethical
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Enron Corporation‚ a major billion dollar company‚ was thriving at its highest level back in the year of 2000. Enron employed approximately 22‚000 associates and was named “America’s most innovative company” by Fortune. However‚ under all of the bliss‚ revealed was a substantial amount of corporate fraud and corruption. The Enron scandal involved both illegal and unethical activity. Enron’s executive chose deception of the stakeholders and short-term financial gains for themselves. They were
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