level – why auditing? • Enron Auditing • Why do we have auditing? • Lemonade Stand Example Did ANYONE Do ANYTHING WRONG? CONCLUSION Did Anyone Do Anything Wrong? YES!! ENRON’S RISE 1985 – Internorth‚ based in Omaha‚ acquired Houston Natural Gas. 1986 – Changed name to Enron and moved to Houston. OLD ENERGY SYSTEM • Electricity • State-regulated monopolies. • Stable‚ but inefficient. • Natural Gas • Pipelines transported on fixed delivery routes with set prices. Enron Producers Pipeline
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1. Define the problem(s) Enron failed to record some of its transactions. Arthur Andersen did not allow the LJM financial statement to stay unconsolidated. 2. Analyze the situation - again‚ take a "lessons learned" approach. You might use the following questions as guides: A. What important internal controls were ignored when LJM1 was created? LJM1 ignored some of Enron’s entries in the books that were missing. Outsiders owned less than 3% of the Special Purpose Entities equities. There was
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PLAN PRESENTED BY DEBORAH FOR THE IMC PROJECT Executive Summary Company Background * BMW * History of Mini – Timeline * Marketing Mix – Past & Now Corporate/Brand and Buyer Behavior Analyses * Brand Elements (Brand Name‚ URL‚ Logo‚ Tagline) * CBBE (Consumer-based Brand Equity Pyramid) * Brand knowledge (Awareness Pyramid‚ TOM [Top of Mind]& Recognition< awareness & Reference Matrix) * Factors Influencing Consumer Behaviour * Types of Buying Decision
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Alabama. They (Henry‚ Emanuel and Mayer Lehman) founded the Lehman Brothers which prospered and grew over the years‚ and grew strong over difficulties bankruptcy‚ wars‚ capital shortage‚ capital management collapse‚ and debt default. They survived it all. However‚ the U.S. housing market collapse brought them down. Their involvement in subprime mortgage market was their mistake for the taking. During 2003 and 2004‚ the U.S. housing boomed‚ and Lehman acquired five mortgage lenders two subprime lenders
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Protostar This is the stage in which the star begins to form after the collapse of the interstellar cloud. It happens in small molecular clouds that can be referred to as dense cores. In the beginning the dense core has a level of balance between its own gravitational forces (self-gravity)‚ and both the magnetic pressure‚ and gas pressure. The self-gravity acts to compress the dense core‚ while the gas‚ and magnetic pressures act to inflate it. The core’s self-gravity will eventually overwhelm it
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AP European Summer Work Chapter 9: The flowering of Medieval Civilizations Cultural Developments: in the 12th and early 13th century‚ education was revolutionized‚ the Bureaucratization of monarchies was introduced‚ the commercial transactions in cities‚ and the development of church and civil law as society became wealthier and more expansive. The Rise of Universities: In the high middle ages‚ universities revolutionized the world. Monastic Schools; monastic schools were found favorable
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Product: Ipad mini 1.Remarkably thin and light‚ the iPad mini is the perfect size for holding in one hand. The iPad mini also fits comfortably in the pocket of a coat or a handbag‚ making it ideal for use on the move. It’s also beautifully designed‚ with obvious influences taken from Apple’s iPhone 5. Finally‚ it’s Apple’s cheapest iPad starting at like 270. The iPad Mini supports the LTE networks of AT&T‚ Sprint‚ and Verizon Wireless (no luck‚ T-Mobile!). This means it has access to 4G mobile
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Whirlpool Europe Analysis The Whirlpool Europe case provides an opportunity to look at different ways to evaluate a major IT investment the company is considering. To undertake this analysis we have to make a few assumptions because the case does not have all the details needed to estimate benefits and investment cost. However‚ if you were in a company faced with this situation‚ these numbers would be available. The spreadsheet for Whirlpool contains two worksheets. Worksheet 1 is a net
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hear the word Enron‚ they immediately associate it with the most important accounting scandal of our lifetimes. Enron was an American gas company that began as the Northern Natural Gas Company in 1931. Internorth‚ a holding company in headquartered in Omaha‚ Nebraska‚ purchased the Northern Natural Gas Company and reorganized it is 1979. Enron arose from the 1985 merger of Houston Natural Gas and Internorth. After building a large‚ new corporate headquarters in Omaha‚ the new Enron named former
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Europe Day Celebrating the creation of the European Union. Europe Day commemorates 9 May 1950‚ when the then French Foreign Minister Robert Schuman presented his proposal on the creation of an organised Europe‚ to help maintain peaceful relations between European countries. This proposal‚ known as the ’Schuman declaration’‚ is considered to be the act that created what is now the European Union. Today‚ the 9th of May has become a European symbol (Europe Day) which‚ along with the flag‚ the
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