evidence that in the course of the audit role‚ some auditors compromise their professional integrity for economic gain. The big four firms provide a better picture of the professional compromise. Alongside this‚ it identifies corporate accounting scandal linked to the professional misconduct of the auditors. Furthermore‚ the problems frustrating the effective role of the auditor within the framework of the corporate governance were identified in the study as auditor’s independence‚ morality‚ public
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accounting fraud‚ known since as the Enron scandal. Enron has since become a well-known example of willful corporate fraud and corruption. The scandal also brought into question the accounting practices and activities of many corporations in the United States and was a factor in the creation of the Sarbanes–Oxley Act of 2002. The scandal also affected the greater business world by causing the dissolution of the Arthur Andersen accounting company 3- Enron Scandal/ Fraud. خلال عام 2001، بعد سلسلة من
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blame‚ because Enron‚ Anderson‚ and the other company executives was focused on the “letter of the law” rather than the proposed accounting appeared ethical and “fair.” Consequently‚ this lead to numerous Fortune 500 companies in one of the largest scandals in news history. Enron‚ WorldCom‚ and the other Fortune 500 companies lead the public (including current and future investors) to believe that they were profiting billions annually‚ while covering-up their huge amounts of debt. Large companies
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1972 and 1976‚ Bob Woodward and Carl Bernstein emerged as two of the most famous journalists in America and forever became known as the reporters who broke the biggest story in American politics. When every other newspaper dismissed the Watergate Scandal as nonsense‚ these two men came together and uncovered the true story. Beginning with the investigation of a "third-rate burglary" of the Democratic National Committee headquarters in the Watergate complex‚ Woodward and Bernstein uncovered a system
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Ryan Stevens Mrs. Jill Nussel Hist-H106 10 October 2012 Final Draft Watergate Scandal The Watergate Scandal had everything. For many‚ the first thing that comes to mind about Watergate is the Nixon administration and the political scandal that destroyed the reputation of the White House. There are several questions that come to a persons mind when they think about the Watergate Scandal. For example one question commonly asked is was the Watergate necessary‚ and was Nixon to paranoid about
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response to the Enron and WorldCom financial scandals. The primary purpose of SOX is to protect shareholders from errors or fraudulent reporting by the company they have invested in. The Sarbanes-Oxley act is enforced by the Securities and Exchange Commission‚ a department dedicated to ensuring compliance to SOX from all firms‚ and is also responsible for revising provisions of the act in order to keep it current and up to date. The Enron financial scandal showed the public and their representatives
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President Richard Nixon and the Watergate Scandal By Steve Wiegand from U.S. History For Dummies‚ 2nd Edition President Richard Nixon’s involvement in the infamous Watergate scandal is a controversial issue‚ even today. Nixon’s role in Watergate has been under discussion and clouded in suspicious for years. In a nutshell‚ here’s what happened in the greatest presidential scandal in U.S. history: On June 17‚ 1972‚ McCord and four other men working for the Committee to Re-Elect the President (or
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from 1969 to 1974. In 1974‚ he reassigned from office. While in office‚ Nixon focused on the war in Viet Nam‚ which he successfully ended. He also improved relationships with Russia and China. However‚ his term came to end after the Watergate Scandal. This scandal brought up ideas of Nixon’s illegal involvement and schemes to win his election. However‚ Nixon denied that he was involved. The courts forced Nixon to come forward with the tape recordings of The White House‚ which pinned Nixon for his involvement
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As Barry Ritholtz‚ the CIO of Ritholtz Wealth Management‚ asserted‚ "Little white lies are told by humans all the time. Indeed‚ lying is often how we get through each day in a happy little bubble." Lying is woven into the fabric of society. Humanity spends so much time and energy justifying its actions and beliefs‚ that lying seems like the easy alternative‚ whether to themselves or to others‚ than simply delving into the "real reasons". That is at the heart of a lie and its mask may be used to gain
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Re: HealthSouth Accounting Scandal HealthSouth Corp.‚ one of the nation’s largest healthcare services providers in the United States was involved in one of the largest accounting scandals in United States history. HealthSouth Corp and its officials overstated earnings in order to meet Wall Street earnings expectations. This memorandum will describe who was involved‚ how the operation was carried out‚ as well as a timeline documenting the resulting damages of the scandal. On March 19th 2003‚
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