Enrons Fall Kenneth Lay – CEO Auditors – Arthur Anderson Jeffrey Skilling – Consultant‚ Hired as a young consultant‚ as due to deregulation‚ Enron incurred massive debts. Jeffrey skilling was hired to come up with innovative new ideas. His revolutionary idea for Enron was to ‘create a gas bank in which Enron would buy gas from a network of suppliers and sell to a network of consumers‚ contractually guaranteeing both the supply and the price‚ charging fees for the transactions and assuming the
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910-410-1700 or 910-276-3331 Advising & Scheduling June 11 – June 14‚ 2012 Schedule of Classes – Fall Semester 2012 Fall 2012 Scheduling for Currently Enrolled Students: Mon – Thu‚ June 11 – 14 New Student Scheduling for Fall 2012‚ 2:30 p.m. – 5:45 p.m.: Wed‚ June 20; Tue‚ July 10; Wed‚ July 25 August 13 – 14 August 15 – 16 August 17 August 20 August 20 – 22 August 29 September 3 September 4 September 25 September 26 October 2 October 8 – 9 Monday – Tuesday Wednesday – Thursday
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1 Why did the external auditors and the board fail to detect the company’s true economic condition? For external 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
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Totalitarianism in the Soviet Union‚ Italy‚ and Germany (by the way‚ all my essays are not very in depth because we have to write 2-3 600 word essays every week!) A totalitarian government is a modern autocratic regime in which the state controls all phases of society. It not only seeks to control the economical and political aspects of society‚ but also tries to direct the daily lives of its citizens. Totalitarianism strives to influence the attitudes‚ beliefs‚ and opinions of its people through
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"Political systems in Europe post World War I were terribly shaken if not completely destroyed. This is especially true in Eastern Europe where national boundaries were disputed and once powerful cities were virtually obliterated. In countries like Germany and Russia people had finally grown tired of being repressed not only as a nation by foreign enemies but individually by a wealthy ruling class of their fellow citizens. Finding themselves among political‚ economic and social ruin‚ these same people
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the occupied Eastern territories. - In mid September 1941 Hitler ordered the beginning of mass deportations from Germany to ghettos in Eastern Europe. During Autumn 1941 and the following Winter‚ when preparation for the "Final Solution" in Europe were in full swing‚ Hitler spoke at various occasions openly about the annihilation of the Jews in Europe. It can be ruled out that the massive preparations for the systematic murder of European Jews in extermination camps in Poland‚ undertaken in Spring
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carefully rationed.” Vladimir Lenin said this‚ he was the founder of the Soviet Union‚ a command economy that collapsed in 1991. This quote summarizes the type of control that he believed was required to create a utopian country. In a command economy‚ the government makes all decisions on jobs‚ land‚ and production‚ which leads to many social and political ramifications. This fact‚ along with a multitude of other factors‚ led to the Soviet Union’s collapse. In general‚ there is scarcely a command economy
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A group of literati known collectively as the yangban dominated society during the Chosôn dynasty (1392–1910). Like its meaning‚ “two orders‚” yangban were divided into two classes‚ civil (munban) and military (muban). The yangban was expected to hold public office‚ follow the Confucian doctrine through study and self-cultivation‚ and help cultivate the moral standards of Chosôn society. As an elite class‚ the yangban enjoyed special privileges and actively sought to preserve the purity and exclusivity
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The Soviet Economy has been termed a ‘command economy’. Do you feel this is an appropriate and adequate characterisation? A command economy is one in which the co-ordination of economic activity is controlled and undertaken through administrative means rather than through the market mechanism (Ericson‚ 2005). Many aspects of the Soviet economy fit this description such as its organisational structure‚ the methods by which aims and directives were carried out and its lack of a use of pricing within
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as a decentralized political system‚ flourished in Medieval Europe. In this essay‚ the main political and economic characteristics of Feudalism will be mentioned‚ while discussing the main historical factors to the rise and fall of feudalism. The rise of Feudalism was a direct result of insecurity that caused by several significant historical factors. At first‚ the collapse of Roman Empire that led to prolonged unrest and power struggles was essentially a reason for why Europe was divided into many
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