INTRODUCTION Corporate Scandals also known as Accounting Scandals are business scandals that originate from the misstatement of financial reporting by the executives of public companies who are trusted to run these organizations. These misrepresentations happen through overstating revenues‚ understating expenses‚ Overstating assets or understating liabilities‚ use of fictitious and fraudulent transactions and direct falsification of financial statements to give a misleading impression of the companies’
Premium Enron
Summary and Analysis of Conan Doyle’s “A Scandal in Bohemia” Summary As Doctor Watson made his way down Baker Street‚ he was struck with the desire to see his longtime friend Sherlock Holmes‚ a brilliant detective who resided there. He decided to act upon his desire and pay Holmes a visit. While there‚ Holmes informed Watson about a mysterious letter he had recently received stating the appearance of a man who would request his services. Soon the King of Bohemia was frantically addressing the
Free Sherlock Holmes Arthur Conan Doyle
Ethics‚ Greed‚ & Psychology within the Libor Scandal Ethical dilemmas within the business environment have always garnered considerable attention and reaction from all global stakeholders. Issues such as fraud‚ insider trading‚ discrimination‚ bribery‚ and compensation are only some of the ethical problems that have disrupted the global financial system. In response to these ethical issues‚ stakeholders have undertaken various protective measures; for example‚ businesses have progressed
Premium Business ethics Ethics
SUMMARY OF THE CASE This case study focuses on the bribery scandal surrounding the city selection process for the 2002 Olympics held in Salt Lake City‚ Utah‚ USA. The student is ask to discuss the merits of the case based on three parameters‚ ethical behavior‚ the impact of culture‚ and the bid process from a broad based business point of view. They are also ask to speculate as to their actions if they were particular individuals associated with the chain of events. CASE DISCUSSION Questions 1
Premium United States United States Constitution President of the United States
Case Study: Enron Corporation Accounting Scandal 1. What is Enron Scandal? Formed in 1985 from a merger of Houston Natural Gas and Internorth‚ Enron Corp. was the first nationwide natural gas pipeline network. Over time‚ the firm’s business focus shifted from the regulated transportation of natural gas to unregulated energy trading markets. The guiding principle seems to have been that there was more money to be made in buying and selling financial contracts linked to the value of energy
Premium Enron
The Enron scandal was a financial scandal that was revealed in late 2001. After a series of discoveries involving irregular accounting procedures which could be turned in as fraud‚ went on throughout the 1990s‚ involving Enron and its accounting firm Arthur Andersen. Enron stood at the verge of falling into the largest bankruptcy in history by mid-November 2001. An attempt by a smaller energy company‚ Dynegy‚ was not feasible. Enron filed for bankruptcy on December 2‚ 2001. As the scandal was shown
Premium
Nigeria as published by Wikileaks. C O N F I D E N T I A L SECTION 01 OF 02 LAGOS 000767 SIPDIS NOFORN E.O. 12958: DECL: 04/07/2014 TAGS: EPET EINV EFIN PGOV NI SUBJECT: SCANDAL BREWING OVER NIGERIAN FUEL IMPORTS Classified By: J. GREGOIRE FOR REASONS 1.5 (B)‚ (D)‚ AND (E). ¶1. (C) SUMMARY. A scandal is brewing in Nigeria over prices paid by the government for imported fuel. International fuel traders have been falsifying the dates of bills of lading to reflect particularly high
Premium Nigeria Petroleum Gasoline
Chicago Black Sox Scandal The 1919 World Series is home to the most notorious scandal in baseball history. Eight players from the Chicago White Sox were accused of throwing the series against the Cincinnati Reds. Details of the scandal and the extent to which each man was involved have always been unclear. It was‚ however‚ front-page news across the country and‚ despite being acquitted of criminal charges‚ the players were banned from professional baseball for life. If anything can be said in
Premium 1919 World Series Chicago White Sox Major League Baseball
Angelica Winton Business 100 02/17/13 Enron: One of the Largest Scandals of the Twentieth Century Would you defraud millions of people and steal billions of dollars from them? The very idea likely makes your skin crawl. And yet‚ that is exactly what Enron‚ a massive power company did for many years. We shall see how their insatiable greed and lust for power was the cause of their downfall and ultimate ruin. Enron prided themselves on being ’’the smartest guys in the room.’’ The company
Premium Enron Andrew Fastow
Air Force Academy Sexual Assault Scandal Q.) What‚ when‚ where‚ did these incidents take place and who was involved? A.) Officials are investigating the Air Force Academy in Colorado Springs over allegations that sexual assault is rampant at the military institution. According to several former female cadets‚ many of whom have filed lawsuits against the school‚ sexual misconduct is a serious problem at the academy and has been for a number of years‚ possibly since women were first admitted
Free Abuse Psychological abuse Bullying