gupta) Table of contents S.no | Topic | Page no | 1 | Corporate governance | 5-6 | 2 | Enron – An overview | 7-10 | 3 | Journey from Enron corporationTo Enron creditors recovery corporation | 10-14 | 4 | Enron’s injured parties | 14 | 5 | Lessons to be learnt | 15-16 | 6 | Satyam – An overview | 17-21 | 7 | The Satyam Scandal
Premium Enron scandal Enron
Greenwashing From Wikipedia‚ the free encyclopedia Jump to: navigation‚ search Greenwashing (a portmanteau of "green" and "whitewash") is a term describing the deceptive use of green PR or green marketing in order to promote a misleading perception that a company’s policies or products (such as goods or services) are environmentally friendly. The term green sheen has similarly been used to describe organizations that attempt to show that they are adopting practices beneficial to the environment
Premium Environmentalism Enron
4.1 Enron Corporation and Anderson‚ LLP ----Analyzing the fall of two Giants This case results in the publishing of Sarbanes-Oxley Act of 2002 and relevant to the Securities and Exchange Commission. Also‚ it is related to SAS 103: Auditing‚ Quality Control‚ and Independence Standards and Rules. [1] What were the business risk Enron faced‚ and how did those risks increase the likelihood if material misstatements in Enron’s financial statements? The business risks Enron faced are as following:
Premium Enron Auditing Financial statements
The facts about the Enron Corporation Highway Failure was the breakdown of Enron is the biggest insolvency of an openly held organization ever. It has brought about a large number of workers losing their retirement reserve funds in 401(k) plans that had been fixed to the dissolved vitality organization’s stock. The organization presented various progressive changes to vitality exchanging‚ abetted by the changing way of the vitality markets‚ which were being deregulated in the 1990s and in this manner
Premium Subprime mortgage crisis Great Depression Unemployment
Enron‚ Ethics And Today’s Corporate Values Enron’s heyday has long ended. But its lessons will long endure. The global business community is now watching a painful new chapter is this saga — one where its former high-riding chief executive officer‚ Jeff Skilling‚ is getting a decade shaved off of his prison term that should now end in 2017. Enron: The Smartest Guys in the Room (Photo credit: Wikipedia) The company’s failure in 2001 represents the biggest business bankruptcy ever while also spotlighting
Premium Business ethics Enron Ethics
Major changes in rules and regulations Since the Enron collapsed an array of new laws and regulations has been adopted to tighten corporate oversight. US offices were the first one to come out and implement the policies. Almost all of the firms had their headquarters in the US and they replicated their headquarters policies to a good extend in other offices around the world. Also other governments and regulatory bodies around the world came out with their country specific rules and regulations which
Premium Big Four auditors Ethics
and Utilitarian products ( Laptop & Luxury watches) Utilitarian Consumption: The consumption of products has tangible benefit for consumer. In western culture‚ such products are often labeled as practical or necessary. Utilitarian products are purchased and consumed to satisfy consumer’s practical or functional needs. Utilitarian consumer behavior has been described as ergic‚ task-related and rational. In the marketing literature choice and decision with respect to utilitarian products
Premium Decision making Decision theory Decision making software
even the appearance and the way of thinking. Different people have different point of views. Some people are utilitarian‚ some are Kantian Deontologist‚ and some are Virtuous people. From my perspective‚ I am the kind of person who cannot decide which one best describes my thinking. Sometimes I could feel that I am a utilitarian‚ and sometime I can be all of them. Therefore‚ being utilitarian means that good or bad depends on the result of the action. On the one hand‚ being Kantian Deontologist means
Premium Ethics Core issues in ethics Virtue
IN DEPENDENCE OF AUDITOR – ENRON AND ARTHUR ANDERSEN CASE Introduction The world economy in recent years has got some significant growth but also had quite serious scandals. They caused the shakes for many‚ both citizens and authorities. Therefore‚ it is a challenging time and it is the time for change. An absolutely necessity is to enhance the true reliable financial information because the success on the capital market depends on it. The key factor is to assure that auditors must take a completely
Premium Enron Audit Internal control
family." All of these reasons prove to either be wrong or not fully supported. Morally‚ it is a continuation of the cycle of violence and degrades all who are involved in its enforcement‚ as well as its victim. Someone who supports the Divine Command Theory‚ or someone who believes solely in God’s will‚ would say that capital punishment is wrong for a couple of reasons. The first reason is that executing someone is a lot like "playing God." Executing a person kills them before the time of their natural
Free Capital punishment Death row Jeremy Bentham