second issue is SPEs. By following the accounting rules‚ if a company consolidate SPE‚ it should put the assets and liabilities into its own balance sheet‚ and if unconsolidated SPE‚ the balance sheets should be reported separately. In Enron’s case‚ the management team use SPE crafty. Enron sold their asset and shares to SPE. What Enron did is they reported the SPE’s gains‚ for example the gain from their own stock’s increase‚ in Balance Sheet‚ but they did not record the debts of SPE in their Balance
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Gillette will deal with the lawsuit in an appropriate way. Waverly doesn’t have to worry about this. American International Group Case Key agents: American International Group‚ a multinational insurance corporation. PNC‚ which wants to use AGI’S SPE service. Ernst&Young‚ PNC’s audit firm. Michael Joseph‚ a partner of Ernst&Young Overview: AIG started a new
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My Joys and Pains in my SPES Summer job 2012 School year ends‚ different plans comes our way. Vacation here‚ gimmicks there‚ or even party everywhere. These are few of the things which drive the satisfaction of students when school is over. But practical students have better idea of spending their vacation wisely and this is to apply for a summer job. Special Program for the Employment of Students or better known as the “SPES Summer job Program” is a program spearheaded by our ever-dynamic Governor
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Abstract Zimbardo’s Stanford Prison Experiment (SPE)‚ investigating the effects of roles in a simulated prison environment‚ significantly impacted the psychological understanding of role conformity. However‚ recent evidence suggests results from this seminal experiment are less reflecting of role conformity‚ with findings alternatively attributed to demand characteristics. This critique is constructed as further examination of SPE revealed participants were able to predetermine the experimental hypothesis
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Laser Perforations" (pdf 461 KB) GTI Document No. GTI-05/0243‚ GasTIPS‚ 11‚ No. 4 (Fall 2005)‚ pp. 18-21. 3. Gahan‚ B.C.‚ Batarseh‚ S.‚ Watson‚ R.‚ Deeg‚ W. 2005. "Effect of Downhole Pressure Conditions on High-Power Laser Perforation‚" SPE Paper 97093‚ SPE Annual Technical Conference and Exhibition‚ Dallas‚ TX‚ October 9-12. 4. Gahan‚ B.C. "Processing Rocks‚" Industrial Laser Solutions‚ Sept.(2005):16-18. 5. Gahan‚ B.C. "Fiber Laser Offers Fast Track to Clean Perforations" (pdf 277 KB)‚ GTI
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Wikipedia and “In the Beginning” in SPE: Wikipedia states‚ “The term ‘affirmative action’ was first used in the United States in Executive Order 10925 and was signed by President John F. Kennedy on 6 March 1961‚” while SPE negatively mentions‚ “In 1972‚ affirmative action became an inflammatory public issue.” Similar remarks continue throughout the encyclopedias. However‚ Wikipedia’s coverage of this topic is more restricted. In terms of inclusiveness and granularity‚ SPE contains more examination‚ details
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team) is essential for educating students with intellectual disability. A SPED should consist of a regular education teacher‚ a special education teacher‚ parents of the student‚ and health care professional or organization in the community. For SPE 351 my designed SPED will consist of special education teacher‚ Mrs. Brandi Hoffman‚ regular education teacher‚ Ms. Amy Kelly‚ parents of the students within the classroom‚ and the Stars Community Outreach Organization. Mrs. Hoffman is a special education
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MEMORANDUM TO: Senior‚ Publicly Traded Company FROM: Team B (Staff I) DATE: February 4‚ 2013 SUBJECT: Audit of Share-Based Payment and Special Purpose Entities (SPE) Reporting This executive memo is a summary and analysis of our audit findings for the client‚ a publicly traded company‚ and its financial practices. Please review this correspondence in accordance with your request. We look forward to meeting in person for further discussion and to make an informed recommendation
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Enron History Special Purpose Entities (SPEs) were used and often abused by most large corporations in the late 1990’s. Enron was likely the corporation that abused the accounting treatment the most‚ but certainly not the only one. The Enron SPEs were not hidden from the auditors or the investing public‚ but were so extensive‚ invasive‚ and complex that no one‚ including primary architect‚ Andrew Fastow‚ was able to understand the total implications. The 2000 financial statements for Enron included
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Questionable Transactions 1. The special purpose entities (SPEs) got Enron into trouble. 2. It is debatable whether Enron’s directors knew how profits were being made through the SPEs. Speculation is that they did have knowledge‚ but did not question the questionable procedures. Evidence that indicates the directors knew how profits were being made includes the following: • Andrew Fastow’s role in establishing the SPEs and falsely creating 3% independent investors in each.
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