Assignment 1: Scandals in Auditing Fortex Introduction Fortex was regarded as one of New Zealand’s top companies. They used innovative technology to add value to their product. They won awards‚ looked after employees‚ and paid suppliers well. But when the company collapsed in March 1994 it was revealed that the success was all based on false accounting. The management team was able to fool a company of respected auditors as well as everybody else for more than three years. Thousands
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Kovaleva Mary Assignment 3. Enron scandal Rise of the company Enron was an American energy company based in Houston‚ Texas. It was formed in 1985 by Kenneth Lay after merging Houston Natural Gas and InterNorth. In 1985‚ Kenneth Lay merged the natural gas pipeline companies of Houston Natural Gas and InterNorth to form Enron. In the early 1990s‚ he helped to initiate the selling of electricity at market prices and‚ soon after‚ the United States Congress passed legislation deregulating the
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economy? The Enron scandal is an example of a historical exposure of unethical behaviors within a company and it is also one of the largest corporate scandals in America. Enron started as a gas pipeline company. It soon expanded into the world’s largest and dominant corporation focusing on trading gas‚ electricity and water – the most essential needs of a citizen living in North America. In December of 2001 Enron filed for bankruptcy. The moral concern from this scandal was the immoral practices
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The Watergate scandal is arguably the biggest scandal to come from the White House since Andrew Johnson’s impeachment in 1868. Like everything else in this world it started off small‚ but escalades into something bigger. It started off as a small break in‚ but as time progressed the American people ran into a corrupt leader in Richard Nixon. At the end of this ordeal it rendered one of the most powerful men in America helpless. For it was Nixon’s active involvement in the cover up‚ combined with
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The commissioner position in major league professional sports arose in the 1920’s in Major League Baseball. The position was created to help prevent scandals following the 1919 World Series‚ in which the Chicago “Black-Sox” purposefully threw games for money. Ever since the creation of the position‚ the power to act in the “best interests” of the sport‚ regarding conduct detrimental to the league‚ has been entrusted to the commissioner. Currently all four major professional sports leagues in the
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“Review of Reconstruction Revisited” In “Reconstruction Revisited”‚ Eric Foner reexamines the political‚ social‚ and economic experiences of black and white Americans in the aftermath of the Civil War. With the help of many historian works‚ Foner gives equal representation to both sides of the Reconstruction argument. Foner writes that nowhere‚ was the transfer in black life more profound than in politics. The amazing political mobilization of the black community was one of the most striking
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Postbellum Reconstruction: Immediate Success‚ Long Term Failure by Thesis Both the presidency and Congress passed several reforms to attempt to solve all of these problems‚ however the progress that was made during Reconstruction was for the most part shot down by the Compromise of 1877. Outline of the Contents I. IntroThesis II. Condition of the South Immediately Following the Civil War III. The Presidential Reconstruction Plan IV. The Congressional Reconstruction Plan V. Economic
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Growing Pains” Reconstruction and Industrialization 1865-1900 Four years after the first shots were fired at Fort Sumter the Civil War ended with the Union’s Victory over the Confederacy. Though the war was over‚ there were still many problems that needed to be resolved in order to reunite the states as a nation. The time period in which steps were taken to rebuild the nation is known as reconstruction. Reconstruction lasted from 1865 until 1877. The influence of reconstruction can be seen in
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question. As reconstruction continued lacks and whites still faced many problems towards each other. Africans Americans were able to find some work after reconstruction ended‚ but it was still difficult finding decent wages. Even Mill owners would prefer to hire white women and children over blacks because they would be stereotyped as lazy slackers without common sense. In 1875 the Civil Rights Act made it illegal to racially discriminate in any public areas. With reconstruction put to an end
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The Reconstruction Era was the years following the Civil War which lasted from 1865 through 1877. During this period‚ the Confederate states were allowed back into the Union and the South was in the process of being rebuilt after the devastation caused by the conflict. After the Civil War‚ African Americans were facing a new world. They were finally allowed rights they never had before: however‚ could the federal government have done more? However‚ they really couldn’t have. At the time‚ the federal
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