Enron and WorldCom Case Study This report is based on the demise of Enron Corporation and WorldCom. Both the firms are demised due to the ethical lapses. These ethical lapses come into existence when managements of the firm‚ uses unethical practices to accomplish the goals of the firm. Maintaining financial and accounting standards in the business practices are necessary. The profession of accounting has become a mockery due to the accounting scandals that took place all over the world in the
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chose is Forensic Psychology‚ also known as criminal psychology. You’ve probably heard of this particular career from books‚ films and TV shows. Crime is often a major problem in many areas‚ particularly densely populated areas. As much as we may wish for peaceful‚ crime-free lives‚ this is most likely not going to happen anytime soon. Punishing criminals or preventing them from committing crimes is the first step to achieving that goal‚ thats where forensic psychologists step in. A forensic psychologist
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The Rampart Scandal When officers from the Los Angeles Police Department’s Internal Affairs bureau began shadowing Rafael Perez‚ watching their fellow cop steal massive amounts of cocaine from evidence lockers in order to sell it on the street‚ investigators thought they had a major misconduct case on their hands. They didn’t know the half of it. The perception of the Los Angeles Police Department has ranged from being the best police force in the United States to being a blatant racist agency
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The Olympus Scandal Hot Potatoes and Flying Funds Summary This paper describes the case of Olympus‚ a Japanese manufacturer of optic equipment‚ at which in early 2012 a scandal was uncovered which was soon dubbed to be one of the largest loss-concealment schemes of Japan. In the 1990’s‚ Olympus incurred significant losses on financial investments made. These were subsequently hidden with the aid of investment companies by shifting the investments around. In the 2000’s‚ these losses were
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Forensic entomology is a very interesting field. It is incredible how they can determine the time of death. They literally wait for maggots to grow larger so they can be easily identified. An entomologist can even use bugs to determine if the person was on drugs before or after he or she died. The other stages other than the fresh stage that you stated are called the bloated stage‚ the decay stage‚ the post-decay stage and the dry stage (“Forensic Entomology‚” n.d.). The National Geographic has
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What exactly was the "mensalao" scandal? It was an alleged scheme that embezzled public funds to buy political support for the then Lula government and to pay off debts from election campaigns. The central accusation was that politicians from coalition parties were given large payments each month to support the minority government led by the Workers’ Party. The scandal nearly caused the Lula administration to collapse. How did the affair come to light? The scandal broke in 2005 when a congressman
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reality for many Americans. This devastating loss left many taxpayers with misappropriated assets along with a burden to pay the “bill” for the bailout of AIG. PART I: HOUSING MARKET SCANDAL: VIOLATIONS IN BUSINESS OPERATIONS To understand the accounting scandal of AIG‚ one must first understand its business transactions and operations leading up to the SEC investigations. In 1993‚ President Bill Clinton signed into law the Omnibus Budget Reconciliation Act‚ commonly
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Forensic Photography Keith A. Milligan English Composition II Sarah Bowman April 26‚ 2010 Forensic Photography In today’s world‚ crime scene investigation has become a very intricate part of solving crimes. With all the television shows centered on crime scene investigators‚ as well as forensics‚ the whole country is infatuated with murders and crime scenes. However‚ just how many people know the details of an actual crime scene investigation? Does anyone know the tools used by the professionals
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terrorism attacks‚ conduct intellectual property theft‚ credit card fraud and hack computer systems to gain access to confidential information. The sophisticated nature of these crimes has seen the growing need for experts in computer forensics. Computer forensics experts are law enforcement officers‚ private investigators or members of corporate audit teams whose core duties revolve around the identification‚ collection and analysis of electronic evidence that demonstrates the occurrence of a crime
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and applied by all in the world of politics‚ sports‚ science‚ and business. In the complex world of finance and accounting‚ the importance of ethical behavior and professionalism cannot be stressed enough. The Enron Corporation evidently did not read the code of ethics or morals. Although Enron had the makings of a successful corporation‚ Enron’s unethical behavior ultimately led to its downfall. As we have learned in financial accounting‚ the income statement shows a “company’s operating performance
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