The Enron Accounting Scandal Presented By: Jennifer Buondonno Nirmala David Robert Pufky Matt Rollings ENRON Page 1 of 27 Table of Contents Executive Summary……………………………………………………………..3 (I) Introduction to the Enron case and the organizations involved……. 5 Background information & industry…………………………………………….. 5 Organizations and officers involved……………………………………………..6 Accounting firm and partners involved………………………………………….8 Enron’s industry………………………………………………………………….. 9 Enron’s injured parties……………………………………………………………
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witnessed in its corporate history. WorldCom carried more international voice traffic than any other company. It carried a large amount of the world‟s Internet traffic. WorldCom owned and operated a global IP (Internet Protocol) backbone that provided connectivity in more than 2‚600 cities and in more than 100 countries. It also operated 75 data centres on five continents. WorldCom reached the spot of the largest long distance provider and Internet data traffic player largely through acquisitions – 65
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Terry Catherman July 4‚ 2011 MHR 6551 Training and Development Five Dimensions of Culture Hofstede identified five dimensions of culture. His work identified the differences of people and behavior that shapes the behavior of people. The first is the individualism/ collectivism orientation. This is a two part definition. Individualism focuses on the individual’s goals and accomplishments. This culture will build a high degree of self respect and independence and what is best for them. Collectivism
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Findings ➢ Suggestions ➢ Conclusion BIBLIOGRAPHY INTRODUCTION When most people think of ethics (or morals)‚ they think of rules for distinguishing between right and wrong‚ such as the Golden Rule ("Do unto others as you would have them do unto you")‚ a code of professional conduct like the Hippocratic Oath ("First of all‚ do no harm")‚ a religious creed like the Ten Commandments ("Thou Shalt not kill...")‚ or a wise aphorisms like the sayings of Confucius. This is the most common
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The Enron scandal‚ revealed in October 2001‚ eventually led to the bankruptcy of the Enron Corporation‚ an American energy company based in Houston‚ Texas‚ and the de facto dissolution of Arthur Andersen‚ which was one of the five largest audit and accountancy partnerships in the world. In addition to being the largest bankruptcy reorganization in American history at that time‚ Enron was attributed as the biggest audit failure.[1] Enron was formed in 1985 by Kenneth Lay after merging Houston Natural
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Generally‚ ethics refer to moral principles and values. Random House Webster’s College Dictionary notes that ethics are “the rules of conduct recognized in respect to a particular class of human actions or governing a particular group‚ culture‚ etc.” An individual ’s ethics generally define what that individual believes to be right and wrong. Professional ethics are typically expressed by a code of conduct adopted by an organization that represents a profession. Professions adopt such codes to encourage
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ENRON Introduction Enron was the country’s largest trader and marketer for electric and natural gas energy. Its core business was buying energy at a negotiated price and later‚ selling the energy when prices increased. As an energy broker‚ Enron provided a service by allowing producers to negotiate a certain price while Enron took the risk that prices would fall below what it bought energy. Buyers of energy also benefited because Enron could ensure the supply of energy. In 2000 Enron was listed
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What Have You Done As A Leader And How Has It Affected Your Life? Leadership is an intangible asset that usually cannot be showcased through medals and plaques‚ as athleticism or aesthetic talent. However‚ it is essential for an organisation and corporation as well as small businesses to have these skills to live in the competitive world in order to be successful. What have I done as a leader? and How has it affect my life ? I am really grateful to be the elected as the head of the Living
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Mr. Red Feliciano Enron Corporation’s Case Analysis Reference: Auditing and Assurance Principles by Jose Ireneo‚ Shirley Ireneo and George James 1. A. Fastow is one of the most responsible because being the Chief Financial Officer or CFO of the Enron corporation‚ he had a major influence. He was guilty of fraud‚ money laundering‚ inside trading‚ and conspiracy‚ among other crimes. Due to his acts such as misleading Enrons board of directors and audit committee on
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Hardest thing I’ve ever done. I was on the court in the hot sunny day. Running around‚ hitting balls‚ it was the Chang Championship final round in Chiang Rai. I was playing against an opponent who was actively playing to become a champion. I could see it in his eyes and wouldn’t wonder why he played that well. I was also extremely nervous that me playing my standard wouldn’t equal the opponent. Still I’ve tried as hard as possible to keep my standard of playing going. It was a very tensed game
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