Calisto Tanzi. The company was predominantly run by the Tanzi family. The scandal that happened in this company came to light with the discovery of $14bn in its finances that could not be accounted for. The scandal has also come to be known as the Enron of Europe. The scandal brought down the company and its senior executives‚ blue chip European and American banks‚ accountancy firms and 130‚000 shareholders following the discovery of the scandal in 2003. Details of the Case The details of how the
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Subhiksha in Sanskrit means “the giver of all good things in life”. They have made an extensive research on customer behavior and found that offering the branded goods at a lower price than their competitors could make them stand in the competitive retail industry. In the year 1997‚ Subhiksha opened its first store at Thiruvanmiyoor in Chennai with an investment of around Rs 4-5 lakh‚ with the theme‚” why pay more when you can get it for less at Subhiksha” The expansion of the stores: 1
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America was once a hustling and bustling titan of industry‚ pumping out new products and mining our beautiful lands for our precious resources that made us the powerhouse we were. Sadly‚ during the Great Hippie Uprising of the 60’s and early 70’s‚ those acid fueled teenageres decided that they hated America’s success‚ claiming that various industries were “destroying the environment” or that they were “releasing countless cancer causing chemicals into the water sources” or other random pieces of
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Manage AG Custom Object Type: Composer can be used to manage/create Object type in Docbase. Best procedure to manage changes/modification in your existing object types‚ by creating a composer project for that object type using below procedure .Make required changes in object type attribute and deploy them using dardeployer into Dev/Test environment. This will maintain consistency across all environment‚once validate and approved by business same modified project can be deployed into production
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Looking back on Reconstruction‚ there were many moments when we took a turn for the worst. However‚ I will discuss what I believe to be the root of our problems: the rise of Radical Republicans and their mission to slash the power of the Southern white population. As soon as the Radicals started to gain power‚ Reconstruction shifted from unification to reformation. Alongside others‚ I believe that the South had “nobility‚ Christian virtues‚ leadership‚ [and] loyalty to its men” (“Reconstruction”)
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Introduction Accounting is all about financial information —capturing it‚ recording it‚ configuring it‚ analyzing it‚ and reporting it to persons who use it. The financial statements : The final product of financial accounting is in the form of financial statements that are packaged with other information in a financial report. •Financial statements are prepared at the end of each accounting period. A period maybe one month‚ one quarter‚ or one year. •Financial statements report summary amounts
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Business ethics is also a descriptive term for the field of academic study in which many scholars conduct research and in which undergraduate and graduate students are exposed to ethics theory and practice‚ usually through the case method of analysis. Ethical behavior in business is critical. When business firms are charged with infractions‚ and when employees of those firms come under legal investigation‚ there is a concern raised about moral behavior in business. Hence‚ the level of mutual trust‚ which
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Amistad is a 1997 American historical drama film based on the true story of the mutiny that occurred aboard La Amistad (Spanish for “friendship”) in 1839. The ship is traveling from Cuba to the United States and has a cargo of Africans captured in Sierra Leone and held at the Lomboko slave fortress. It begins with Cinqué‚ a Mende tribe leader‚ freeing himself‚ leading to the massacre of the entire crew‚ save the two Spanish navigators. Instead of sailing the Africans back to Sierra Leone‚ the cunning
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Stem Cells: Future of Failure? When does a sperm and egg begin to resemble what we call a fetus? Research has shown that at four weeks‚ the embryo is the size of an seasame seed (New Health Advisor). The cells that make up this sesame seed could be the future of regenerative medicine. Stem cells are the cells made during the process of fertilization. They are the first traces of humans‚ making them basically a blank slate for all types of cells. They can become essentially any type of cell in the
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AFM 201 – Part 1 Auditing Fall 2007 Group Assignment 2 Publicized Cases of Alleged Audit Failures Involving Large Public Companies 1) Ten Publicized Audit Failures i. Parmalat (2003) - Deloitte & Touche Tohmatsu /Grant Thornton Misleading investors with “Brazen Fraud” was what the United States (US) Securities and Exchange Commission (SEC) had sued Parmalat for in 2003. It all began when Parmalat defaulted on a bond payment worth $185 million. This raised a flag for auditors and banks
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