AA’s approval of Special Purpose Entities (SPE) that was used to generate false profits‚ hide losses and keep any undesirable information off Enron’s financial statements. 2. Which Arthur Andersen decisions were faulty? AA made many decisions in regards to the Enron audit which led to their ultimate downfall. Briefly discussed below are some decisions made by AA that failed to adhere to GAAP. AA approved the structure of many Special Purpose Entities (SPE) that were used to generate false profits
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Abstract This research basically pertains to find out the relationship between the brand equity and the sales of the product. The questionnaire was constructed and the pilot study using 15 respondents from ICBS was carried out to ensure that there were no confusions or ambiguities in the questionnaire. All ambiguities or confusions found were removed before administering the final questionnaire. The questionnaires were divided into two parts. On first of June the questionnaires were administered
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least two references below for each part of the assignment above‚ for a minimum of four references. Prepare these references according to the guidelines found in the GCU Style Guide located in the Student Success Center (found under RESOURCES > Student Success Center > The Writing Center > Style Guides). Include the Permalink for the GCU Library sources used. Example reference: Shuster ‚ M. (2013). The Mystery of Original Sin: We don ’t know why God permitted the Fall‚ but we know all too well the evil
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DEBIT CREDIT AND ENRON Accounting has become very essential part of any business in today’s world. It helps the business keep running and makes sure that things are going towards in right direction. It controls expenses‚ improves plans‚ accountability and reporting under given regulatory framework. Accounting plays vital role in profitability of any concern. Profit is the life blood of any business‚ so how profit is reported on books is always key concern. Over a period of years there has been
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ACG 4632 INTRODUCTION TO FINANCIAL STATEMENT AUDITING Spring 2015 Section 422 Instructor: Devin Williams‚ CPA Today • Introductions – hand out • Syllabus • High level – why auditing? • Enron Auditing • Why do we have auditing? • Lemonade Stand Example Did ANYONE Do ANYTHING WRONG? CONCLUSION Did Anyone Do Anything Wrong? YES!! ENRON’S RISE 1985 – Internorth‚ based in Omaha‚ acquired Houston Natural Gas. 1986 – Changed name to Enron and moved to Houston. OLD ENERGY SYSTEM • Electricity
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Enron Fraud The Enron Fraud Enron Corporation began as a small natural gas distributor and over the course of 15 years grew to become the seventh largest company in the United States. Soon after the federal deregulation of natural gas pipelines in 1985‚ Enron was born by the merging of Houston Natural Gas and InterNorth‚ a Nebraska pipeline company. Initially‚ Enron was merely involved in the distribution of gas‚ but it later became a market maker in facilitating the buying and selling
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SPE 90482 Development & Field-Testing of a Cost Effective Rotary Steerable System M.Moody‚ S. Jones‚ P. Leonard‚ PathFinder Energy Services Copyright 2004‚ Society of Petroleum Engineers Inc. This paper was prepared for presentation at the SPE Annual Technical Conference and Exhibition held in Houston‚ Texas‚ U.S.A.‚ 26–29 September 2004. This paper was selected for presentation by an SPE Program Committee following review of information contained in a proposal submitted by the author(s)
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Introduction to Key Issues Dennis Shaughnessy is the senior vice-president for corporate development and Charles River Laboratories (CRL). He prepared a presentation to the company’s board of directors which request to invest up to $2 million in a Mexican joint venture (JV). They need to decide whether to do a joint venture between ALPES and CRL. Some other issues came out at the same time‚ Jim Foster‚ the CEO viewed the proposed joint venture as a potential distraction as his company continues
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Educating Special Needs Students: I.e. Autism and other Severe Disabilities Timothy E. Jackson SPE -226 Educating the Exceptional Learner February 23‚ 2011 Professor Rebekah McCarthy This essay is entitled Educating Special Needs Students‚ the author will discuss and several important issues‚ which will be the following; the defining of Mental Retardation a term the author despises‚ Autism‚ Severe Disabilities and Multiple Disabilities‚ also their causes‚ and the impact of these disabilities
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responsibilities of a company’s board of directors? (b) Could the board of directors at Enron—especially the audit committee—have prevented the fall of Enron? (c) Should they have known about the risks and apparent lack of independence with Enron’s SPEs? What should they have done about it? The responsibilities of a company’s board of directors include: • Protect the shareholders’ assets and provide a return on investment • Make important decisions that affect shareholders (dividends) • Decide
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