the Causes and Effects of the Enron Accounting Scandals Name: Do Minh Tam Class: MEP 100 Lecture: Karen Bird Date: December 24‚ 2010 Introduction Background From the 1980s until now‚ there have been a lot of accounting scandals which were widely announced on by media. The result of this situation is many companies were bankruptcy protection requests‚ and closing. One of the most widely reported emulation of accounting scandals is Enron Company. Enron Corporation is one of the largest
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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
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Step 1 DISEASE OF ADDICTION =How can we tell when our disease is active? When we are only thinking of what we want‚ when we are obsessive‚ compulsive‚ self centered. When all else doesn’t matter but what I want‚ regardless of consequences. When I act out. when I am in self pitty mode… when I don’t feel like going to a meeting‚ being of service‚ sharing nor praying. When my heads starts talking to me . When I think I am better then‚ when I allow my ego to take over. =What
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auditors‚ the failures could be largely attributed to the lack of independence between external auditors and Enron and the existence of conflicts of interest. From 1993‚ Enron started to outsource its internal audit functions to Anderson. Besides‚ conflicts of interest gets aggravated when the cross-selling of consulting services by auditors increases a lot. And consulting fees to auditors are much lucrative than the audit fees. As a result‚ Enron could easily threaten Anderson to give a favorable opinions
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Business Ethics 1. Explain the possible problems in the ethical culture of the Red Cross that created the issues discussed in this case. The American Red Cross is technically a “charter nonprofit organization”‚ which means that they receive most of their funds from the Federal Government to finance their operations‚ but they remain an independent entity. This is an advantage for them in terms of their financial stability‚ but also means that they have the Government as their main stakeholder while they are not officially
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charisma. The result‚ more often than not‚ is disappointment-or even disaster. The to being a successful CEO today‚ it’s almost universally assumed‚ is leadership. Such qualities as strategic thinking‚ industry knowledge‚ and political persuasiveness‚ though desirable‚ no longer seem essential. Particularly when a company is struggling‚ directors in the market for a by Rakesh new CEO-as well as the investors‚ analysts‚ and business journalists who are watching their every move-will not be satisfied
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Haier CEO -‐-‐-‐ Ruimin Zhang Shen Si F35122015-‐7 Ruimin Zhang was born in Shandong Province on 1949 and Received an MBA from the University of Science and Technology of China in 1995. Now he is the CEO of Haier Group. Haier‚ established as a refrigerator factory in Qingdao in 1920
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Walt-Mart Ethical Culture February 2015 Major: Business ABSTRACT Walt-Mart Ethical Culture & corporate profit maximization Todays as we live in a global economy‚ the common knowledge of ethical culture provides identifying characteristic and values for organizational members to recognize and become informed. Cultures can be distinguished by artifacts‚ values‚ and basic traditions. On the other hand profit maximization
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How could Ethical Violation Been Avoided? Throughout the many business scandals that have occurred over the years‚ some have had the same violations and some were different; however‚ all of them have consistently had ethical wrong doings involved in their scandal. In this paper we look specifically at the Tyco Industries scandal which resulted in indictments of the top executives of the company in 2002-2003. There are several ways that this scandal could have been avoided. First convening
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Things Fall Apart- Novel Throughout the novel Things fall Apart‚ we are able to see the struggle that language and a lack of understanding can create. Things Fall Apart by Chinua Achebe is set in tribal Africa with a focus on one tribe in particular. Throughout the novel there are many themes that surface including the major one of communication. The first example arises as we see the suppression of female words and ideas throughout the book. Women were not equals‚ they were told to speak only
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