What were the business risks enron faced‚ and how did those risks increase the likelihood of material misstatements in enron’s financial statement Enron faces most of the risk ordinarily faced by any energy company‚ including price instability and foreign currency risks. Enron operated in many different areas of the world with different regulatory and political risks. Enron faced business risks such as a complex business model‚ extensive use of derivatives and special purpose entities‚ aggressive
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Stakeholder orientation- DEGREE – which a firm UNDERSTAND AND ADDRESS s DEMAND * Comprises 3 set of activities * -the organization wide generation of data about stakeholder group & ASSESSMENT of the firm’s effect on these group * The distribution of this information throughout the firm * The ORGANIZATION RESPONSIVENESS as a whole to this intelligence. 2) BEGINS identify the relevant stakeholder ‚ the RS should be analyzed on the basis of power that enjoy as well as by the ties
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To what extent is the EU now a ‘superstate’? What obstacles are there to further European Integration? (45 mark) To some extent the EU has become a superstate due to federalist features that combine the member states of the European Union closer together. For Eurosceptic British who oppose the further integration between the states have defined the EU’s superstate to be a huge‚ centralized Brussels Bureaucracy limiting the sovereign authority of member states. This can be controversial as
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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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you work well with others? Are you a leader? If you have these qualities‚ you might make a good manager. However‚ you need just more than these two qualities to be a good manager. There are a number of factors that play into whether or not you would make a good manager. The good news is that you don’t have to rely solely on natural‚ inborn traits. It is possible to develop the qualities good managers possess. You can complete a management program to learn some of the necessary characteristics‚
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................ 43 Gautam Thapar‚ BILT and Crompton Greaves .......................................... 49 Jignesh Shah‚ Financial Technologies ..................................................... 57 See the inside back cover for a key to our corporate kaleidoscope Kiran Mazumdar Shaw‚ Biocon .............................................................. 65 Kishore Biyani‚ Pantaloon..................................................................... 73 Raghav Bahl‚ TV18 ...................
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OBJECTIVE: 3 METHODOLOGY 3 THE ENRON STORY: BRIEF 4 HOW AND WHAT TYPE OF FRAUDS WERE COMMITTED? 5 THE ROLE OF STOCK OPTIONS 5 THE USE OF OFF-BALANCE SHEET PARTNERSHIPS 5 Example: LJM 5 Chewco 6 LOBBYING 6 ACCOUNTING PRACTICES 6 DIFFERENT ETHICAL DIMENSIONS 7 SOCIAL DIMENSION 8 AFFECTS ON EMPLOYEES AND SHAREHOLDERS 8 ENRON INDIA 8 AGGRESSIVE NATURE OF ENRON: PERSONAL ETHICS 8 ENRON’S ARROGANCE: PERSONAL ETHICS 9 EXECUTIVES ABANDON ENRON 9 POLITICAL DIMENSION: SYSTEMATIC
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Abstract In this report‚ purposes of corporations are investigated under two different approaches on corporate value maximization: Shareholder Approach and Stakeholder Approach. So‚ firstly both approaches are defined briefly. Secondly‚ compare and contrast of shareholder and stakeholder approaches is made. Keywords: Purpose‚ Corporation‚ Value Maximization‚ Shareholder Approach‚ Stakeholder Approach. Shareholder Approach on Value Maximization: Shareholder approach
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be learned‚ but an idea that was given to us by he [whoever that might be] who has created us! Respect is a natural occurring instinct that is fading away as time passes through us. From the very first man to walk the earth to what is what we call society now‚ respect remains the same. I for one am not fond of this change at all. The difference of our point of view of respect and what people tens of thousands of years ago is obvious. Back then a man would challenge another and give fair opportunities
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The transition from one level of schooling to the next is very hard for me the first year. In my life the hardest was from elementary school to middle. In Florida fifth grade was technically the end of elementary school‚ but my elementary school was a magnet school so it ended at 6th grade which I thought was the worst idea. The same year I began seventh grade is the same year I moved to a different city because of the city I moved into I thought school was going to be piece of cake. But little did
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