Enron debacle: Case Report Table of Contents I. Understanding the Entity: Business Risk Assessment 1. Nature of the entity 1.1. Brief introduction: Enron Corporation‚ a Houston based giant company‚ conducted energy trading business and gas pipeline transportation and distribution business in the energy and industrial sectors. 1During the 1990s‚ Enron transferred from a natural gas supplier and to an intermediary midstream company facilitating distributions
Premium Enron Audit Enron scandal
Pacific Standard Time NSE: Loaded 36 scripts for scanning. Initiating ARP Ping Scan at 18:08 Scanning 2 hosts [1 port/host] Completed ARP Ping Scan at 18:08‚ 0.63s elapsed (2 total hosts) Nmap scan report for 172.30.0.0 [host down] mass_dns: warning: Unable to determine any DNS servers. Reverse DNS is disabled. Try using --system-dns or specify valid servers with --dns-servers Initiating SYN Stealth Scan at 18:08 Scanning 172.30.0.1 [1000 ports] Discovered open port 111/tcp on
Premium Unknown unknown
Enron is a company that specializes in energy and power industry. They provide gas‚ oil‚ and electrical services worldwide. These comprise wholesale services‚ retail energy services‚ broadband services‚ and transportation services. They have reported revenues of $100.789billion‚ $40.112billion‚ and $31.260 billion for the years 2000‚ 1999‚ and 1998 respectively. This is a growth of 151.3% from year 1999 to 2000 and 28.3% from 1998 to 1999. This is unparalleled in the relatively stable energy business
Premium Enron Corporation Kenneth Lay
Legal Issue in Business: The Case of Enron [Name of the Writer] [Name of the Institution] Legal Issue in Business: The Case of Enron Introduction Business ethics is based on normative ethics ‚ standards that ethics are upheld and applied specific to distinguish what is right or wrong‚ that is to say what should be done or who should not be fact. However‚ with few exceptions‚ business ethicists are usually less interested in the foundations of ethics (meta-ethics) or by the principles
Premium Corporation Balance sheet Law
IBCCI’s Misgivings: Four major frauds explained in the Price Waterhouse report. 1. According to the Sandstorm Report‚ some $633 million of losses related to treasury trading. 2. Price Waterhouse had been doing its job‚ there’s no way that this $1 billion exposure [in BCCI’s Central Treasury] which was taken to $11 billion exposure in the course of 3 or 4 months [in 1985] could have happened. 3. All of BCCI’s serious treasury problems were related to the activities at Grand Cayman
Premium Enron Jeffrey Skilling
Google Car: In the paper‚ the point of view will be Google’s. Questions that will be answered in the paper including but not limited to the economical and technical viability for Google to produce Google car in a large scale‚ reasons that Google will succeed or fail‚ the best strategy for Google to adopt. For the industry analysis‚ Porter’s five forces (Appendix 1) will be used to explore the environment of the automobile industry and if Google will be able to enter the industry and produce automobiles
Premium Renault Automotive industry General Motors
Abstract Enron became one of the largest natural gas and energy trading companies in the world. During the 90 ’s Enron was considered as an innovative company within the global business market. Enron was known for its unique innovative technologies and distinctive approach to trading in the world of e-commerce. On December 2‚ 2001‚ Enron announced the biggest bankruptcy in history and when many people hear the word‚ Enron they associate it with the one of the most important accounting scandals
Premium Enron Management Ethics
Imagine being able to detect diseases in your body‚ or being able to examine various tissues and determine its conditions. That is exactly what an positron emission tomography (PET) scan is used for. Unlike CT (computed tomography) and MRI (magnetic resonance imaging) scans‚ the PET scan can reveal the cellular level changes occurring in an organ or tissue. To obtain this information‚ a very small dose of a radioactive chemical‚ called a radiotracer‚ is injected into the vein of the patient’s arm
Premium
Enron Case 10.8.2014 Melissa Becker Boya Du Sidi (Fiona) Chen Wei (David) Yu In June of 2001 Enron’s new CEO‚ Jeff Skilling‚ was heralded as the “No. 1 CEO in the entire country and Enron was saluted as “America’s most innovated company.”1 Just six months later‚ in December‚ Enron filed for bankruptcy. The failure shocked the public and angered investors. How could this have happened? Did no one see this coming? Where were the accountants? Where were the controls? Enron’s public troubles
Premium Enron Auditing Internal control
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
Premium Business ethics Ethics Corporation