level – why auditing? • Enron Auditing • Why do we have auditing? • Lemonade Stand Example Did ANYONE Do ANYTHING WRONG? CONCLUSION Did Anyone Do Anything Wrong? YES!! ENRON’S RISE 1985 – Internorth‚ based in Omaha‚ acquired Houston Natural Gas. 1986 – Changed name to Enron and moved to Houston. OLD ENERGY SYSTEM • Electricity • State-regulated monopolies. • Stable‚ but inefficient. • Natural Gas • Pipelines transported on fixed delivery routes with set prices. Enron Producers Pipeline
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Enron and WorldCom Case Study This report is based on the demise of Enron Corporation and WorldCom. Both the firms are demised due to the ethical lapses. These ethical lapses come into existence when managements of the firm‚ uses unethical practices to accomplish the goals of the firm. Maintaining financial and accounting standards in the business practices are necessary. The profession of accounting has become a mockery due to the accounting scandals that took place all over the world in the
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Brian Kirton SS144-01 Kaplan University February 10‚ 2012 . Analyzing Deviance: Interracial Relationships Deviance: the violation of norms‚ rules or expectations. (Henslin.2010).From a historical viewpoint‚ interracial relationships were considered highly deviant fifty years ago. In fact‚ when the civil rights era began in the 1950s there were still states that had antimiscegnation laws that forbid interracial marriage. For individuals of different socially constructed ethnic and
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Enron: The Smartest Guys in the Room Extra Credit for Accounting II By: Grace Lindley ENRON: The Smartest Guys in the Room is the story of one of history’s greatest business scandals‚ in which top executives of America’s seventh largest company walked away with over one billion dollars while investors and employees lost everything. Based on the best-selling book The Smartest Guys in the Room by Fortune reporters Bethany McLean and Peter Elkind‚ and featuring insider accounts and
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Theories of Deviance are limited in their ability to explain deviant acts if one adopts the view that these theories are universal. There is no universal‚ right or wrong theory‚ rather each theory provides a different perspective which only "fully makes sense when set within an appropriate societal context and values framework" . The functionalist theories share a common structural explanation of causes of deviance . They assume that conformity in society is achieved through the existence of norms
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Assess the functionalist view of crime and deviance. [21 marks] This essay will detail the functionalist perspective of crime and deviance. Functionalist theories began to emerge after the industrial revolution in the 18th century. This period was called the enlightenment‚ and brought about scientific belief as opposed to the feudalist beliefs of religion. Religion no longer had such a powerful impact on peoples’ lives. The aim of sociological theories such as functionalism is to cure social ills
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According to the textbook‚ deviance is defined as "the recognized violation of cultural norms" while crime is defined as "the violation of a society’s formally enacted criminal law". While there are many different theories that explain wh y people commit acts of deviance and crime‚ there are three micro level theories referenced in the text. The Labeling Theory‚ the Differential Association Theory‚ and the Control Theory all help to explain why people behave in deviant ways. Becker’s Labe
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Deviance in sociology can be described as actions or behaviors that violate or go against the widely accepted cultural rules and norms within a society (Nickerson‚ 2024). Therefore‚ since these behaviors and actions are not formally written rules of conduct and are based on what society or culture generally accepts‚ people’s perceptions of deviance can differ from society to society. Consequently‚ each society or culture determines what is considered acceptable and unacceptable to them‚ and what
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Whether it is to force a change or to create something new deviance is at a strong high. At the dawn of a new millenium some of society feel the need to express themselves in proscriptive norms and “leave our mark” on the world. The words “deviance” and “crime” are two words often mistaken for each other. Crime is a unlawful activity while deviance is a behavior that is different from that of the accepted social or moral standards. Deviance most of the time is the “gateway” to crime. A strong example
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Discussion HW #2 Discussion Section #: 14748 Lecture Section #: 14738 Chapter 15 Case Incident 1: Creative Deviance: Bucking the Hierarchy? 1. I believe it is possible for an organization to deliberately create an “anti-hierarchy” to encourage employees to engage in more acts of creative deviance. All things being equal‚ the broad span of control leads to efficient organization while a narrow span of control results in hierarchical organization. However‚ span of control can be affected by
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