management of Enron including Kenneth Lay‚ Jeffrey Skilling and Andrew Fastow. These managers created a tone at the top of Enron that allowed and encouraged accounting that mislead investors. The audit team at Anderson and especially David Duncan the lead partner for Enron’s audit holds responsibility. Anderson was negligent in finding problematic accounting used by Enron. In addition‚ Anderson made millions on consulting services provide to Enron which makes their independence for Enron come into
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evaluation and ethical principles: The foundation for ethical decisions in counseling psychology. The Counseling Psychologist‚ 12(3)‚ 43-56. In the healing practitioner’s setting‚ the patient is at the core of professional practice. Whether working independently or as an employee‚ the healing practitioner must be aware of and respect their agreed code of ethics. Although every organization has their own set of ethics there are some overarching principles. There are six basic ethical principles:
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In 2001‚ Enron was the fifth largest company on the Fortune 500. Enron was also the market leader in energy production‚ distribution‚ and trading. However‚ Enron ’s unethical accounting practices have left the company in joint chapter 11 bankruptcy. This bankruptcy has caused many problems among many individuals. Enron ’s employees and retirees are suffering because of the bankruptcy. Wall Street and investors have taken a major downturn do to the company ’s unethical practices. Enron ’s competitors
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In “Could You Live with Less”‚ Stephanie Mills states her reason of rejecting the use of advanced technologies. As a freelance writer with unstable income‚ she can only afford the technologies just for her basic need. She is proud to live with a simple life without technologies dominating it. She enjoys doing things with her efforts‚ for example splitting firewood in the wintertime. Her knowledge that technology brings damages to planet and most of its people‚ and the influence of others who are
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The documentary film‚ Enron: The Smartest Guys in the Room It is a story about the greed in corporate America that is always exposed after the fact. The film examines the 2001 collapse of Enron. At the time of the collapse‚ Enron was the largest bankruptcy in history. The Enron story is one of money and politics‚ which are two areas that embody the culture of big business in America. The film does a great job of illustrating the laissez-faire culture that allowed Enron to rise to prominence while
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Enron case 1. What activities and practices of Enron’s management team do you believe were unethical and/ or illegal? Concealing debt By using SPEs‚ Enron’s balance sheet understated its liabilities and overstated its equity and earnings. Enron disclosed to its shareholders that it had hedged downside risk in its illiquid investments using special purpose entities which were lies. Enormous spending Extravagant expenses were rampant in the company which included enormous salary expenses
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The features that denominate the characteristics of a team to be an effective one and the difference it has from the other created teams within an organisation is unique in every factor. And this unique aptitude of the team to execute its best at any level for an indefinite period of timeframe allocated for the best result and also has the compatibility to perform at the very best in an effective and efficient manner according to the ability it has (Birken & Lee‚ 2013). The roles and objectives are
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------------------------------------------------- PTLLS / CTLLS 7304 Level 3 / 4 Assignment 6: Explain/justify the need for keeping records and describe the types of records you would maintain? 1st of November 2009 Record keeping Record keeping is an essential element without which it would be impossible to ascertain many important factors integral to the teaching and learning process. How a learner is progressing‚ whether they attended classes‚ whether any significant risks were posed
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to replace myself with any one in the world then I would like to replace myself with Mr. Bush‚ the president of America. Mr. Bush is responsible for portraying negative image of America as an enemy of humanity by doing wars against Muslims only on the basis of religious discrimination. Mr. Bush is the murderer of nearly one hundred thousand innocent citizens of Afghanistan and Iraq while trying to fight against only two persons Usama Bin Laden and Saddam Hussein on one side and thousands of precious
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Does internet makes you less or more sociable? In my view‚ internet is making you more and less sociable‚ it depends on the person and the type of activity they do with the internet. One of the main uses of internet is to connect people faster even if they are at another bit of the world. In this case‚ one of the method created for connect people are the social networking such as Facebook or Twitter. These social networks link people together by giving them the possibility to put their photos
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