Unethical Practices of Arthur Andersen - Week 2 - CheckPoint: 1. What did Arthur Andersen contribute to the Enron Disaster? Arthur Andersen contributed a lot to the Enron Disaster. Arthur Andersen approved the structure of man Special Purpose Entities (SPE) that were used to generate false profits‚ hide losses‚ and to keep financing off Enron’s consolidated financial statements. Also‚ AA failed to abide by the Generally Accepted Accounting Principle (GAAP). In addition‚ AA did not
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Arthur Andersen The name Arthur Andersen is a very well known name among households in the world today. At one time‚ the reputation of Arthur Andersen was very positive. However‚ the risky and unethical decisions that were made over the ending years by top management‚ gave Arthur Andersen a famous name with not such a positive reputation. Arthur Andersen became involved in many scandals with the largest being that of Enron Incorporated. Poor decision making by upper management and issues with
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and 4 1. Arthur Anderson’s audit partners’ sole concern was how much revenue could be generated‚ so the employees of Arthur Anderson paid little mind to the quality of the audits they did as long as they were making money. They turned their heads when generally accepted accounting principles were not being followed and hid the fact that Enron’s policies and internal controls were not good enough to protect its shareholders. 3. The prime motivation behind the decisions of Arthur Andersen’s
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Nathaniel Hawthorne’s novel The Scarlet Letter considers Arthur Dimmesdale‚ reverend of the Puritanical town‚ a saint by the town‚ yet the readers know who he truly is‚ however that hypocritical view is not necessarily awful‚ it can actually do good because the town needs a leader who can lead them and take care of them‚ and Dimmesdale has done just that. In the novel‚ several characters had developed a public facade to make sure they were respected and hid their true personality‚ only to be shown
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Arthur Schopenhauer Overview: Arthur Schopenhauer is a German philosopher who was born on February 22nd‚ 1788 and died on September 21st‚ 1860. He was born in the city of Danzig but later moved to the city of Hamburg where he became interested in studying metaphysics‚ ethics and psychology. Schopenhauer is known as the philosopher of Pessimism because he created a theory that challenged the value of existence. Schopenhauer’s main focus was on individual motivation ‘the will’ and how human desires
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1. For nearly 90 years‚ Andersen had a culture of doing the right thing. Moral courage defined the organization. However‚ there was a gradual erosion of the culture. Name three cultural changes that contributed to Andersen’s problems and defend your position. The first cultural change was that Andersen embarked on a path that valued consulting service which charged hefty fees ahead of auditing in 1990s. Compared to its original major service‚ auditing that required accountants to insist independence
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The Korean War was between North Korea‚ a communist state‚ and South Korea. It was the first major strife of the Cold War; the Soviet Union supported North Korea and the United States backed South Korea. The German and Italian tyrants‚ Hitler and Mussolini‚ were defeated by 1945 after which United States and Soviet Union turned to fighting Japan later in the year. After General MacArthur forced the Japanese to surrender‚ the USSR and the United States acquired control of the adjacent Korean Peninsula
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ARTHUR ANDERSEN LLP CASE STUDY DUE: Sunday‚ May 12‚ 11:59pm 1. Discuss the environment‚ strategic‚ and organizational changes that occurred over the life of Andersen in the context of figure 11.1. 2. Evaluate Andersen’s claim that their problems on the Enron audit were due to a few “bad partners” in the organization. If you disagree with this claim‚ discuss what you think were the root causes of the problem. 3. Suppose you were Andersen’s managing partner in the early 1990s. Would
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bravery‚ friendship‚ generosity and loyalty are displayed. Each was important in the Anglo-Saxon lifestyle. Since they lived in tight communities that often had to fight off invaders‚ friendship and loyalty were critical to survival. “Grothgar‚ o knowing king‚ now when my danger is near‚ the warm words we uttered‚ and if your enemy should end my life then be.” Not only were those important but bravery as well‚ to fight such attackers and kindness to help their fellow warriors. “Then the noble protector
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doctor visits still necessary? m. People should learn how to move from a strenuous to stable exercise routine. n. People should maintain healthy diets. o. People should learn how to reward themselves for staying on track. V. Conclusion Obesity Obesity as we know it is a major health issue among children and adults today in the United States. It has been a challenging fight for many years‚ but there is a way to knock out obesity. We all can win‚ but first we have to get
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