åHOME|MAIN | | Banks and Unethical Practices | Almost every business concern is involved in unethical practices in one way or the other and so are the banks in Pakistan. The primary source of information on this subject amongst other sources are publications of SBP and annual reports of Pakistan Banking Mohtasib which was established in 2005 to resolve banker-customer disputes and since then it has effectively contributed towards improvement in banking sector.Banks in Pakistan are involved
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Unethical Business Practices at Enron LDR/531 Organizational Leadership August 11‚ 2011 Unethical Business Practices at Enron Enron Corporation came into existance in 1985 as the result of a merger between InterNorth and Houston Natural Gas. This merger produced the longest natural-gas pipeline network in the United States. Under the leadership of Chief Executive Officer Jeffery Skilling‚ Enron changed from a gas-pipeline business into a natural-gas and electricity company during the
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Running head: Management Planning Paper on Arthur Andersen Management Planning Paper on Arthur Andersen In 1913‚ the company Arthur Andersen started by Arthur Andersen and Clarence Delany by the name of Andersen‚ Delany‚ & Co. In 1918‚ it was given the name Arthur Andersen & Co. The company supplied tax‚ consulting services and auditing for the large business‚ and itself had a position in the "Big Five" accounting firms. In 2002‚ this firm was found guilty for auditing an energy corporation
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March 4‚ 2014 Rise & Fall of Arthur Andersen‚ LLP Abstract Enron was a natural gas company that was formed in 1985 by Kenneth Lay. By 1992‚ Enron was the largest selling company of natural gas in North America. In October 2001 a scandal involving Enron was emerging. This scandal led to the fall of the company. The Enron case and many others cases led to the collapse of other companies that did business with them which included one of the largest accounting
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of these contracts and their associated costs. Author Andersen provided both consulting and auditing services which created an inherent conflict of interest. On one hand‚ Andersen was auditing an Enron financial recording system and strategy based for the most part on the advice of its own consultants. Evidence eventually surfaced that some internal conflicts had arisen within Andersen about some of the “aggressive” accounting practices introduces by the Chief Financial Officer‚ Andrew Fastow
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Valentina Nozdrina COM 3150 Prof. S. Reynolds December 10‚ 2012 Arthur Andersen LLP case study The case “Arthur Andersen‚ LLP: An Accounting Firm in Crisis” explains the failure of Arthur Andersen‚ one of the leading auditing and consulting firms in the world‚ known for professionalism in its field‚ ethical values‚ honest accounting and the elimination of conflicts. Andersen was always focused on creating a firm with its own set of business standards. For many years‚ Andersen’s slogan was
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Individual Project Capstone Case Study – Arthur Andersen LLP Bus 680 – Economics for Business Decisions Summer 2013 1. Discuss the environmental‚ strategic and organizational changes that occurred over the life of Andersen in the context of figure 11.1. While Andersen started off as a stable environment‚ once changes started being made to the main focus of the company many changes were expedited. While still successful in it’s auditing business‚ other opportunities arose that allowed for quicker
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mistreated their workers. But the region is brimming with countless numbers of factories operated by lesser known firms that Foxconn may not be the worst perpetrator. Human rights group China Labor Watch is trying to raise the issue of unethical labor practices at HEG Electronics‚ a major supplier for Samsung‚ Motorola and LG. According to the group‚ HEG Electronic has started employing underage workers (under 16 years of age) to work at its factory due to the high demand of the electronic components
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Alberto Martinez. Unethical Business Practices The modern business world is characterized for being aggressive and competitive. Companies must be alert and always ready to take advantage of opportunities as quickly as possible. If companies are not aggressive enough they risk losing business to other competitors. For all these reasons‚ many people now question whether there is a place for ethics in this highly competitive capitalist
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Unethical Research Practices Unethical research is commonly found within pharmaceutical companies. In a hurry to get new drugs to market‚ companies will often cut corners during the research process. Pharmaceutical companies will spend millions of dollars on drug research‚ but very little on unethical drug promotion (Parmar‚ Jalees‚ 2004). The purpose of this paper is to inform the reader of how unethical research practices can lead to death from both past and present case studies. Present Rizwan
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