(honors) in business & management Offered by Cardiff metropolitan university Strategic management Assignment 02 - Enron Submitted to: Mr. Shane De Silva M.F.M.M Fazlan ICBT/ BABM/07 Executive Summary This report is provides information the Enron scandal which is revealed in 2001. The main reasons for scandal have been described. There are many individuals as well
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PricewaterhouseCoopers (PWC)‚ Deloitte Touche‚ Ernst and Young‚ and KPMG. Throughout the 1980 ’s and 1990 ’s‚ these five companies provided auditing and tax services to most of the west ’s major companies. However‚ in 2002 Arthur Andersen ’s licences to practice as Certified Public Accountants (CPA ’s) in the US were voluntarily surrendered by the company in the wake of criminal charges relating to the Enron scandal. Although Arthur Andersen still technically exists as a company‚ and despite the verdict
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The Unexpected Collapse of Enron Colleen Long LDR/531 April 3‚ 2010 Kemit Grafton The Unexpected Collapse of Enron Beginning in 1985‚ Enron was formed through a merger of Houston Natural Gas and Internorth‚ Enron Corporation. It was the first nationwide natural gas pipeline network‚ which shifted its focus from regulate transportation of natural gas to unregulated energy trading markets. Enron was a huge company that traded electricity‚ oil‚ gas‚ plastics‚ and other variables
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Before filing for bankruptcy in 2001‚ Enron Corporation was one of the largest integrated natural gas and electricity companies in the world. It marketed natural gas liquids worldwide and operated one of the largest natural gas transmission systems in the world‚ totaling more than 36‚000 miles. It was also one of the largest independent developers and producers of electricity in the world‚ serving both industrial and emerging markets. Timeline Enron began as Northern Natural Gas Company‚ organized
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S.W.O.T. Analysis of Enron MBA 503 University of Phoenix 05/10/06 Describe the Situation "Enron is now officially out of the energy business. They are now in a new business: confetti." Jay Leno http://politicalhumor.about.com/library/blenronscandal.htm It is a shame that one of the most powerful companies has now gone out of business‚ had reputations destroyed and used millions of tax payers dollars on court costs; all due not having good business ethics. This paper
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What happened in Enron and Arthur Andersen? United States ’ seventh largest company Enron‚ with the slogan "Ask Why" was admired for its innovation‚ but it all ended up in bankruptcy and criminal matters. The company filed for bankruptcy in December 2001. This was one of the world ’s biggest corporate scandals in history. USA ’s seventh largest firm had in over sixteen years increased its assets from 10 billion to 70 billion U.S. dollars‚ and was by the stock market analysts from Wall Street
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formerly Northern Natural Gas Company‚ which was formed in 1932 in Omaha‚ Nebraska. But in 1985‚ it bought the smaller Houston Natural Gas and finally changed its name to Enron. The “crooked E” logo was designed in the 1990s. Enron was well known for transmitting and distributing electricity and gas throughout the United States. Enron developed‚ built‚ and operated power plants and pipelines while dealing with the rules of law. They owned a huge network of natural gas pipelines which spread ocean to
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Enron Scandal Enron was able to successfully engage in fraudulent financial activities due to the failures of corporate governance practices in addition to other relevant factors. This paper will briefly cover some of these issues and offer suggestions for prevent similar future malpractice. External Corporate Governance The key external governance failures in the Enron Scandal involve oversights by regulators‚ creditors‚ auditors‚ and investors at large‚ with particular focus towards Enron’s ambiguous
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ENRON ACCOUNTING FAILURE AND ETHICAL ISSUES ENRON ACCOUNTING FAILURE AND ETHICAL ISSUES Lecturer: DR SITI ZELEHA ABDUL RASHID Prepared by: SAMIRA ALVANDI SHAHRZAD KARIMI HAMED KHAZAEI 1 ENRON ACCOUNTING FAILURE AND ETHICAL ISSUES ENRON ACCOUNTING FAILURE AND ETHICAL ISSUES 2 ENRON ACCOUNTING FAILURE AND ETHICAL ISSUES Table of content: Abstract……………………………………………………………………………..…...4 1. Introduction ……………………………………………………………………..……5 2. Literature review ………………………………………………………………
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Enron Essay Enron was a company that was founded in 1985‚ who started Enron was Kenny Lay. Enron first started with natural gas pipelines company from the merge with Houston Natural Gas. In 1999 Eron expanded in different fields like‚ financial division and the website that allowed the traders to trade stocks of the company. The persons who help Kenny Lay with the fraud in Enron where‚ Jeff Skilling who was the CEO of Enron‚ Andy Fastow who was the CFO and Official Financial. Fastow cook the
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