Evaluate the auditor’s role in the certification of the financial statements and conclude whether its work is effective in preventing major scandals on the lines of Enron and Worldcom. 1.0 ABSTRACT 2.0 ENRON-CORPORATE FIASCOS 3.0 HOW DID THE AUDITORS FAIL TO CATCH PROBLEMS AT ENRON? 4.0 HOW TO PREVENT RECURRENCE OF ENRON? 5.0 NEW RESPONSIBILITIES OF AUDITORS ACCORDING TO SARBANES-OXLEY ACT 2002 6.0 CONCLUSION 7.0 REFERENCES 1.0 ABSTRACT The responsibility of an auditor is to express
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Enron is a company that specializes in energy and power industry. They provide gas‚ oil‚ and electrical services worldwide. These comprise wholesale services‚ retail energy services‚ broadband services‚ and transportation services. They have reported revenues of $100.789billion‚ $40.112billion‚ and $31.260 billion for the years 2000‚ 1999‚ and 1998 respectively. This is a growth of 151.3% from year 1999 to 2000 and 28.3% from 1998 to 1999. This is unparalleled in the relatively stable energy business
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common promotional technique. It is also known as a “premium promotion” in that the customer gets something in addition to the main purchase. This type of promotion is widely used for luxury perfumes. 2- Magazines ads : The company promote for the newest product in the local magazine. 3- Online selling : The company sells their product throw their website and other websites such as yahoo shopping and bizrate. 4- Distributing perfumes sample: They distribute for their customer some
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How to Compile Your CDA Professional Resource File What is the CDA Professional Resource File? A collection of 17 specific resource materials to help you in your work with children and families A way to provide experience in locating and gathering resources useful to your daily practice One part of the CDA assessment process and a CDA program requirement A way for you to demonstrate your competence A way for the National CDA Council to evaluate your competence A way for
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Starting your own business can be an immensely rewarding experience. The potential upsides are huge since‚ as a business owner‚ you will be in control of all aspects of your financial destiny that can make your life so much more fulfilling. But where do people find the motivation to get started? Where does the drive come from to make a business idea move from just a dream to a full blown reality? Most people would agree that you can’t get rich working for someone else. It just isn’t a common thing
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Making Your Own Decisions Being an introverted type of person‚ I thought being friends with her was for the better. It all seem to click when we met in kindergarten. We thought we were going to be lifelong best friends. Over the years of elementary school‚ we spent more and more time together and kept growing closer as friends. It was all fun and great until I let her take control of many of my decisions. She would speak for the both of us and do things I didn’t agree with‚ but I would simply brush
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Theories to the Enron Debacle: An Ethical Perspective Blackwell Oxford‚ Business BASR © 0045-3609 O 1 110 BUSINESS CULPAN riginal 2004 Center UK Article and and Publishing‚ and TRUSSEL Society for SOCIETY Business Ltd. Review REVIEW Ethics at Bentley College REFIK CULPAN AND JOHN TRUSSEL INTRODUCTION W e examine the infamous Enron debacle from an ethical perspective by defining its theoretical underpinnings and analyzing the unethical conduct by top executives at the company in the areas of accounting
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owners. (3) Corporation- Is a legal entity with authority to have liability separate from its owners. (4) Franchisors-Owns the overall rights and trademarks of the company and allows its franchises to use these rights and trademarks to do business. The entity or person owning the rights or license of the business. Do you think that Sonic would have grown as large as it did today if had remained a Sole Proprietorship? Why or Why not ? In my opinion ‚ I would say no due to the fact that
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story The Life You Save May Be Your Own‚ O’Connor incorporates numerous symbols to emphasize her theme. O’Connor’s use of symbolism filters into the names and traits of her characters‚ the dimensions of her setting‚ and the events of her plot. Mr. Shiftlet is a man who doesn’t know what he wants. Throughout the story‚ his views on life vary from righteous to self-absorbed. In the beginning of the story‚ he preaches to mother Lucynell about the evil of the world‚ citing how doctors can cut out a human
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role in today’s society I have decided to research and design my own weight loss supplement‚ using ingredients‚ herbs‚ extracts and vitamins that I know to be not only effective in helping men and women lose weight‚ but also relatively healthy considering how many different weight loss products and options there are for sale in America today. For my weight loss supplement I chose to use 5 select ingredients that I have personally used in some form or another through my time as a personal trainer and
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