Jamaica Water Properties * Introduction The case is about an accounting fraud that involves the Jamaica Water Properties‚ Inc. This fraud was discovered by David Sokol‚ who was at that time served as COO (Chief Operating Officer) of the Jamaica Water Properties‚ Inc. The main culprit was Ernest Grendi‚ JWP’s CFO‚ helped by several of the company’s senior accountants. Moreover‚ the company’s external auditor‚ Ernst & Young‚ seems to be involved as well. This case will show regarding the
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CASE 1.3 JAMAICA WATER PROPERTIES Synopsis This case focuses on David Sokol‚ an executive who has made a “name” for himself in recent years within the energy industries. After becoming recognized as a successful “turnaround” agent for troubled companies‚ Sokol was hired in 1992 to serve as the chief operating officer of JWP‚ Inc.‚ a large‚ New York-based conglomerate. At the time‚ JWP had an impressive history of sustained profits and
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Water has many unique properties that make life possible on Earth. One property is cohesion. The cohesion property is properly defined as the binding of water molecules by hydrogen bonds. Water has this property as a result of the chemical bonding between water. Cohesion of the strong hydrogen bonds allows the water molecules to stick together‚ almost as a unit of one. A force exerted on one of the molecules will be exerted on all of the adjacent molecules as a result of cohesion. Cohesion‚ often
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Drew Staples 6/12/14 Properties of water Question Does mixing water with other substances change it’s boiling point. Research The boiling point of a liquid is when the temperature causes the vapor pressure to be equal to the air. Air density will change waters boiling point. High altitudes give water a lower boiling point. Hypothesis If the water is less dense then it will boil faster and the boiling point will be lower. Materials 1 Pot A Sink A Stove 1 tablespoon of sugar 1
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One property of water that makes life possible on earth is its solid state‚ (frozen).Water is less dense as a solid than it is as a liquid‚ which enables ice to float. When its temperature falls below 4 degrees Celsius‚ the molecules slow down to a point where they are not moving fast enough in order to break the hydrogen bonds‚ therefore making the bonds more stable. The bonds then are farther apart‚ making the solid less dense. Water is one of the few molecules that has this property‚ allowing
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Water is the most important substance in our evolution and our daily lives. Without water‚ life as we know it would not have been possible. This essay will examine the water molecule in order to ascertain how it brought about Earth ’s thriving ecosystem and how important it is to us today. Each water molecule consists of one oxygen atom and two hydrogen atoms. The oxygen atom (or the apex of the water molecule) bears a slight electronegative charge while hydrogen possesses a more positive
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Water is the most important substance in our evolution and our daily lives. Without water‚ life as we know it would not have been possible. This essay will examine the water molecule in order to ascertain how it brought about Earth’s successful ecosystem and how important it is to us today. Each water molecule consists of one oxygen atom and two hydrogen atoms. The oxygen atom bears a slight electronegative charge while hydrogen possesses a more positive one. Because opposite charges attract‚ the
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Abigail Rockwell Due Date: February 15‚ 2014 Jamaica Water Properties Case Study During a time in our recent history when greed and self promotion was the benchmark that most financial and managerial directors of companies‚ both public and private‚ seemed to strive for‚ David Sokol stands out above the crowd. Instead of looking to further his own self-image‚ career‚ or standing‚ instead of taking what most people would view as the easy road‚ Mr. Sokol did the right thing. He chose ethics‚ morals
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Case 1.3 Jamaica Water Properties Prepared by Alex Gonzalez for Professor C.E. Reese in partial fulfillment of the requirements for ACC 540 – Fraud Examination School of Business / Graduate Studies St. Thomas University Miami Gardens‚ Fla. Term A7 / Fall‚ 2014 October 24th‚ 2014 Table of Contents Issues 1 Facts 1 Analysis 7 Conclusions/Recommendation 7 References/Bibliography 7 Issues 1. In David Sokol’s position‚ after discovering the suspicious items in JWP’s
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Sam Li Case: Jamaica Water Properties 1. Place yourself in David Sokol’s position. After discovering the suspicious items in JWP’s accounting records‚ would you have taken a different course of action than he did? Why or why not? I doubt if I can reach the position that David Sokol had in my career’s life. However‚ let say that if I was in David Sokol’s position‚ I would probably do the same thing David had done. I believe the proper working ethics are accountability‚ professionalism and
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