1. For nearly 90 years‚ Andersen had a culture of doing the right thing. Moral courage defined the organization. However‚ there was a gradual erosion of the culture. Name three cultural changes that contributed to Andersen’s problems and defend your position. The first cultural change was that Andersen embarked on a path that valued consulting service which charged hefty fees ahead of auditing in 1990s. Compared to its original major service‚ auditing that required accountants to insist independence
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DEBIT CREDIT AND ENRON Accounting has become very essential part of any business in today’s world. It helps the business keep running and makes sure that things are going towards in right direction. It controls expenses‚ improves plans‚ accountability and reporting under given regulatory framework. Accounting plays vital role in profitability of any concern. Profit is the life blood of any business‚ so how profit is reported on books is always key concern. Over a period of years there has been
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the international accounting profession to an extent that confidence has been corroded. There is a long list of historical cases that document a series of financial scandals that are as a result of deliberate misguidance instigated by the international financial professional in order to fulfil ill financial ambitions. The famous Enron‚ WorldCom‚ HIH Insurance‚ Barrings Bank etc. Apparently‚ this is why I am totally agreeing to the fact that the international accounting profession has lost its way
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I chose to analyze the article called “Predicting Material Accounting Misstatements” co-authored by Patricia Dechow‚ Weili Ge‚ Chad Larson‚ and Richard Sloan. The authors of this article had the goal of showing its intended audience how they developed a database‚ recognized similar characteristics among misstating firms‚ and used the information gathered to develop a model to predict accounting misstatements. The subject of misstating financial statements (also know as earnings management) is a
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Understanding Enron: It’s About the Gatekeepers‚ Stupid John C. Coffee‚ Jr. July 30‚ 2002 This paper can be downloaded without charge from the Social Science Research Network electronic library at: http://ssrn.com/abstract_id=325240 An index to the working papers in the Columbia Law School Working Paper Series is located at: http://www.law.columbia.edu/law-economicstudies 1 Understanding Enron: AIt=s About the Gatekeepers‚ Stupid@ by John C. Coffee‚ Jr.. What do we know after Enron=s implosion
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Nur Aiysha Ghazali ENGM 264 Paper #1-Bolman & Deal Bolman and Deal discuss about for frames; structural‚ human resource‚ political and symbolic. Each frame has its own characteristics‚ where and how the situation is applied in organization. A leader or authority of companies sometimes would apply these frames in their organization in order to tackle their employees. However‚ I will only discuss about 3 frames that most gave the impact to me
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primary data or as an illustration of effective or ineffective auditing. Reprinted by permission from Jay C. Thibodeau and Deborah Freier. Copyright © Jay C. Thibodeau and Deborah Freier; all rights reserved. 1••• ( Case 61 ® Enron Enrori’s First Few Years hi~ 1985 Enron had assets along the three major stages of the supply chain of nat ural gas: production‚ transmission‚ and distribution. Natural gas was produced from deposits found underground. The natural gas was transmitted via pipe lines‚
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www.batemanhouston.com Eid‚ E. M. (2014). The Impact of Accounting Information Systems (AIS) on Performance Measures with Value Relevance of Auditors ’ Communications. Internal Auditing & Risk Management‚ 143-158. Folger‚ J. (2011‚ December 1). The Enron Collapse: A Look Back. Retrieved from Investopedia: www.investopedia.com Kruglinski‚ J. A. (2009‚ Winter). CPAs: Many Doors to Opportunity. Retrieved from PICPA: http://www.picpa.org/Content/39953.aspx Laudon‚ K. C.‚ & Laudon‚ J. P. (2014). Management
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Week 8 – Final Exam Cherie A. Parker University of the Potomac BUS 502 – Managerial Economics DATE \@ "MMMM d‚ yyyy" October 19‚ 2014 Professor Denise Touhey Abstract Architectural design of firm may vary among companies. There are most common categories are business environment‚ strategy‚ and organizational architecture. Business environment of Andersen includes technology that was used effectively; structure of its markets‚ regulations which helped Andersen to grow along with its reputation
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Enron and its Associates Used Questionable Accounting Practices Clearly‚ there have been cases where management knowingly deceived the auditors. Then there seem to be other instances where the accounting treatment envelope was pushed just a bit too far. In the case of Enron‚ David B. Duncan‚ the former Andersen partner in charge of the Enron audit who was the government’s chief witness in the trial against Arthur Andersen‚ stood behind the decisions that resulted in the widespread use of off-balance
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