Overview In order “to offer high-quality accounting services”‚ Arthur Andersen (AA)‚ a Northwestern accounting professor started a business to offer services to clients promoting “integrity and sound audit opinions over higher short-run profits”. The company’s “four cornerstones” was good service‚ quality audits‚ well-managed staff‚ and profits for the firm. Their strategy was to focus on quality and high standards of audits rather than profits‚ a very successful strategy that led to consistent
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Arthur Andersen’s Troubles 1. Arthur Andersen approves the structure of Special Purpose Entities. This SPE that was being used by Enron for off-balance sheet financing that misleading the public that Enron is doing well. These fraud generated by creating false profits‚ hide losses‚ keep financing off Enron’s consolidated financial statements. Instead of giving a proper advise and addressed these issuers to Enron‚ Arthur Anderson allowed Enron to continue to manipulate their numbers and mislead the
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Arthur Andersen was one of the ’Big 5 ’ accounting firms‚ the others being PricewaterhouseCoopers (PWC)‚ Deloitte Touche‚ Ernst and Young‚ and KPMG. Throughout the 1980 ’s and 1990 ’s‚ these five companies provided auditing and tax services to most of the west ’s major companies. However‚ in 2002 Arthur Andersen ’s licences to practice as Certified Public Accountants (CPA ’s) in the US were voluntarily surrendered by the company in the wake of criminal charges relating to the Enron scandal. Although
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AND ITS ROLE IN THE DOWNFALL Corporate Culture and its Role in the Downfall Of Arthur Anderson LLC and Sunbeam Corporation Darrell V. Davis Grand Canyon University Bus 604 Business Ethics July 5‚ 2009 Abstract Corporate culture plays an extremely important role in the development of a company. Whether explicitly stated or not‚ the culture of a company reveals its attitude‚ motivation‚ and intentions. Arthur Andersen’s and Sunbeam’s cultures revealed that they were on the hunt for huge profits
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Arthur Reed Case Study In this essay‚ I am going to discuss the staff management problem Arthur Reed faces every summer. Arthur Reed‚ a supervisor at the Blue Grocery Stores‚ has an issue with hiring temporary workers in sufficient numbers to cover the sick and vacationing workers for the summer months. As warehouse supervisor in charge of two shifts on the shipping dock‚ Arthur usually manages to run the shifts smoothly every year except in the summer months. During the summer months‚ Arthur
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Abstract Arthur Rothstein was born in New York in July 17‚ 1915. He is recognized as one of America’s premier photojournalists. He died of cancer in November 11‚ 1985 in New Rochelle‚ New York. He left the photography art with horror and makes everybody proud of his works during his career until now days. The life of Arthur Rothstein Being an amateur or professional photographer is be able to: Capture a memory that you can have forever; See the beauty in the every day;
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1. What did Arthur Anderson contribute to the Enron disaster? Arthur Andersen (AA) contributed to the Enron disaster when AA consulting became its own separate entity‚ named Accenture. Revenues from consulting services surpassed revenue from auditing services. A natural competitiveness grew between the two rivals and this is where the problems began to start. Management held maximinizing revenues as their primary focus of success and promotions/bonuses were based on this factor. The CEO of AA‚ Joe
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Governor Arthur Philip should be considered an Australian Legend because he was the first to interact with the Indigenous Australians in respectful way. Governor Arthur Phillip interacted with the Indigenous Australians in a positive and polite way‚ he meant them no harm: he believed that he could communicate with them without any violence; he didn’t want innocent people to die due to a small misunderstandings. Phillip wanted to learn about the Aboriginal culture‚ food and language and he wanted
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The Value of Organizational Values What’s the value in values? Organizational values define the acceptable standards which govern the behaviour of individuals within the organization. Without such values‚ individuals will pursue behaviours that are in line with their own individual value systems‚ which may lead to behaviours that the organization doesn’t wish to encourage. In a smaller‚ co-located organization‚ the behaviour of individuals is much more visible than in larger‚ disparate ones
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His name alone is ironic‚ in the fact that he assists in Connie’s doom. This most likely plays to the fact that why you see at first glance is not the truth. Some critics believe Arthur Friend is symbolic of the devil‚ something that may or may not have some truth behind it. With the use of his last name‚ Friend is anything but a friend. By using a word that usually has a positive connotative meaning‚ the author takes that meaning
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