auditors and Enron and the existence of conflicts of interest. From 1993‚ Enron started to outsource its internal audit functions to Anderson. Besides‚ conflicts of interest gets aggravated when the cross-selling of consulting services by auditors increases a lot. And consulting fees to auditors are much lucrative than the audit fees. As a result‚ Enron could easily threaten Anderson to give a favorable opinions to the public and otherwise Anderson couldn’t maintain a good relationship with Enron. Most
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What Types of Physical Benefits Can Be Obtained From Bowling? by Liza Blau‚ Demand Media Bowling has one of the longest and richest histories of all sports‚ dating back approximately 4‚000 years ago to Greece and Rome. If you love to play the game‚ you’re not alone. According to The Bowling Foundation‚ more than 25 percent of Americans bowl each year‚ making it the nation’s largest participation sport. Today‚ bowling is a $4 billion industry with nearly 3‚000 bowling centers in the United States
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Future of Policing As a society in the United States continues to become more diverse and rely more on technology‚ advances in policing techniques and strategies must change and become more advanced as well. Which is why‚ out of the ten most important trends in policing the top three are that: “technology will increasingly dominate the economy and society”‚” mass migration will distribute the world’s population‚ creating new challenges for law enforcement in Western developed countries in terms of
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Case: The Fall of Enron Enron was so admired prior until 2000; they grew to a powerful company. In 1985‚ Internorth acquired Houston Natural Gas to form HNG/Internorth‚ a natural gas pipeline company. This company was renamed to Enron. At the time of Enron’s creation‚ the U.S. gas market was in the middle of deregulation. In 1985‚ rules were established that allowed gas users to realize the cost savings by purchasing gas at spot prices and separately contracting with pipeline firms for delivery
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1. The Enron debacle created what one public official reported was a “crisis of confidence” on the part of the public in the accounting profession. List the parties who you believe are most responsible for that crisis. Briefly justify each of your choices. a) With Enron‚ the responsibility and blame started with Enron’s executives‚ Kenneth Lay‚ Jeffrey Skilling‚ and Andrew Fastow. Their goal was to make Enron into the world’s greatest company. To make this goal a reality‚ they created a company
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Participative leadership is a style of leadership that involves all members of a team in identifying essential goals and developing procedures or strategies for reach those goals. From this perspective‚ participative leadership can be seen as a leadership style that relies heavily on the leader functioning as a facilitator rather than simply issuing orders or making assignments. This type of involved leadership style can be utilized in business settings‚ volunteer organizations and even in the function
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The accounting scandal at Enron which occurred early during the last decade involved the manipulation of accounting rules in order to enrich the company’s executive leadership. Hence‚ while accounting techniques facilitated the Enron scandal it is more of a tale that is related to the hubris of the firm’s top executives and their deep-seated greed. Evidence that hubris and greed was more of the driving force than the actual manipulation of accounting rules for the Enron scandal is evident in the
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Enron Corporation Before filing for bankruptcy in 2001‚ Enron Corporation was one of the largest natural gas and electricity companies in the world. In addition to being one of the largest bankruptcies in American history‚ Enron undoubtedly was the biggest audit failure. It was one of the most famous company in the world‚ but also one that fell down too fast. In 1985‚ Enron was created by a merge between Houston Natural Gas and InterNorth by Houston’s Natural Gas’s CEO Kenneth Lay. It was
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1. What type of performance is it? 2. Where and when is this performance occurring 3. Is it a scripted or non scripted performance? 4. Is it religious or secular in nature 5. Is its content authored‚ collective or improvised? 6. Are technologies used? How? 7. List a sequence of actions and discuss what the performers bodies do (dance rhythmic patterns etc.) 8. Is music used 9. Describe the space and or setting of the event (architecture and design/ public or private
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CASE 1.1 Enron Corporation “Think Straight‚ Talk Straight. “ This was the motto of Arthur Edward Andersen. He was the founder of the Arthur & Company‚ which was established to provide accounting‚ auditing and related services. Throughout his professional‚ Arthur E. Andersen career‚ relied on a simple‚ four-word motto to serve as a guiding principle in making important personal and professional decisions: “Think straight‚ Talk straight.” Andersen would prefer fewer clients‚ than having more
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