E. Boos – Week 2 – Assignment February 17‚ 2013 The Enron and WoldCom Scandals ENRON 1. The segment of Enron’s operations that got them into difficulties had several parts. They published misleading financial reports. They could not meet their bridge financing commitment with Barclay Bank because outside investors were not found. Because of this‚ they restated activities of JEDI and Chewco SPEs so they could be retroactively consolidated into Enron’s accounts. The SPEs
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Journal of Finance and Accountancy Arthur Anderson Auditors and Enron: What happened to their Texas CPA licenses? Daniel Edelman Texas A&M University-Commerce Ashley Nicholson Texas A&M University-Commerce ABSTRACT This article examines Arthur Andersen‚ its role with Enron‚ and what happened to some of its key players. The demise of Arthur Andersen and Enron was significant. Thousands of people lost their jobs and investments. As a result‚ new laws for publicly traded companies and auditing firms
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presents ETHICAL THEORIES SLIDE 1 – INTRODUCTORY SLIDE Ethical theories provide part of the decision-making foundation for Decision Making When Ethics Are In Play because these theories represent the viewpoints from which individuals seek guidance as they make decisions. Each theory emphasizes different points – a different decision-making style or a decision rule—such as predicting the outcome and following one’s duties to others in order to reach what the individual considers an ethically correct
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ENRON Q1. Summary of Enron Scandal. Enron‚ a Houston-based energy firm founded by Kenneth Lay‚ transformed itself into the world’s largest energy-trading company over its sixteen years of lifespan. In 2001‚ Enron was one of the world’s largest energy groups‚ operating mainly in the USA. Though Kenneth played a smaller role in management‚ following the takeover‚ he soon became chief executive officer (CEO) and moved the headquarters from Omaha to Houston. During 2001‚ it had become apparent
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subordinate moral principle using the utilitarian theory as an example. A fundamental moral principle is a moral principle which is the ultimate basis for evaluating the rightness or wrongness of all acts. It is the ultimate and final reason in itself. It is the intrinsic value of the moral principle itself‚ not that it appeals to other moral principle or justified by other reasons‚ that makes it the fundamental moral principle. The absolutist nature of a fundamental moral principle is such that it
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Human Virtues and Character Strengths Virtues consist of a set of character strengths‚ these strengths represent good character. They are wisdom‚ courage‚ humanity‚ justice‚ temperance‚ and transcendence. Wisdom and courage are two virtues that my Grand Father encompassed. He was a very strong and knowledgeable man. His life revolved around going against all odds‚ he truly believed in beating whatever he was at battle against. His perseverance was with him till the day he died.
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“Leading by Virtues” “A ruler who governs his state by virtue is like the north polar star‚ which remains in its place while all the other stars revolve around it.” - Confucius‚ The Analects 2:1 The Confucius saying that is quoted above is very meaningful and it is very helpful to every government leaders especially in our country. Confucius was referring to the leaders during his times because of corruption they were unable to lead every person to the right path. Now‚ Corruption
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William P Taylor Jr WRI 1100 Sara Domguia Perseverance Perseverance and other obstacles in life “The brick walls are there for a reason. The brick walls are not there to keep us out. The brick walls are there to give us a chance to show how badly we want something. Because the brick walls are there to stop the people who don’t want it badly enough. They’re there to stop the other people “ - Randy Pausch ( The Last Lecture ) When I hear the term perseverance I think
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Similarities and Differences in Virtue Theory‚ Utilitarianism‚ and Deontological Ethics When talking about ethics it is hard to distinguish between ethics and morality. It is also hard to distinguish exactly what realm of ethics contributes to my everyday decisions. Ethics can be defined as “well-founded standards of right and wrong that prescribe what humans ought to do‚ usually in terms of rights‚ obligations‚ benefits to society‚ fairness‚ or specific virtues [and] ethics refers to the study and development
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This paper‚ which describes a nursing students experience in a hospital setting‚ explores how patient’s rights outlined in the Queensland Health Public Patients Charter (2002)‚ were followed by health care providers at Cairns Private Hospital. Incidences where health professionals demonstrated good practice with respect to patient’s rights will be examined. Hospital initiatives currently in place to ensure health professionals are able to help patients to achieve better health while working within
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