1 Auditing issues in Enron case Independent Needed for the Houston office of Andersen‚ an audit partner that understands the role of being a "public watchdog" with "ultimate allegiance to the creditors and shareholders" . Arthur Anderson abandoned its roles as independent auditor by turning a blind eye to improper accounting‚ including the failure to consolidate‚ failure of Enron to make $51million in proposed adjustments in 1997‚ and failure to adequately disclose the nature of transactions with
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Question : Critically analyse whether the implementation of responsible tourism principles makes better business sense than traditional mass tourism. While responsible tourism is fast becoming a global trend nowadays‚ some may wonder if it makes better business sense than traditional mass tourism. By defining the words “business sense” from Cambridge dictionary‚ it means an understanding of the ways in which business works successfully and/or if something makes good business sense‚ it will help
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The central text for this project is the film Enron: The Smartest Guys in the Room by filmmaker Alex Gibney. This film investigates‚ documents and then exposes the many moves that led to the collapse of Enron. The director focuses on the chief leaders of the corporation as his principal characters in order to develop the story as a human tragedy. Throughout the course of the film‚ each leading character is revealed. All players were found to be distinct in their strategies and methods. However
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University of Phoenix Material Responsible Borrowing Worksheet Many students borrow federal student loans to pay for college. The goal of this assignment is to help you learn how to borrow responsibly‚ which may mean that you do not borrow at all or that you borrow only what you truly need. To borrow responsibly‚ you must understand your options and establish a financial plan for your entire program. With that plan in place‚ you can then focus on your classes and making connections with instructors
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corporate scandals of Enron‚ Tyco‚ and WorldCom. Before filing for bankruptcy in 2001‚ Enron Corporation was one of the largest integrated natural gas and electricity companies in the world. It marketed natural gas liquids worldwide and operated one of the largest natural gas transmission systems in the world‚ totaling more than 36‚000 miles. It was also one of the largest independent developers and producers of electricity in the world‚ serving both industrial and emerging markets. Enron began as a pipeline
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not allowing everyone to extract everything in the ground just to have a big amount of money. Responsible mining may need to be context-specific and give consideration for the diversity of ecosystems among Philippine islands. Responsible mining in the Philippines should be followed by everyone specially mining companies. Greater understanding for the science that leads to more responsible mining will be needed by practitioners and the communities‚ where mining is proposed‚ to guarantee the
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CASE STUDY – UNIT 1 1. Andrew Fastow is a key person responsible for the downfall of Enron. When he became the CFO in 1998‚ he came up with the plan to make the company appear in great shape by using the mark-to-market accounting practice. The company would build an asset‚ such as a power plant‚ and immediately claim the projected profit on its books‚ even though it hadn’t made one dime from it. If the revenue from the power plant was less than the projected amount‚ instead of taking the loss‚ the
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‘God is responsible for everything that happens in the universe’ Discuss. God is known as the creator of the universe as he can be seen to have created the world through intelligent design. Therefore it can be elucidated that he should be responsible for everything that happens in the universe. Some people would say that he is responsible for everything in the universe such as‚ Christians because they believe he created the world through ‘creatio ex nihilo’‚ this means created the world out
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defaulted on their student loans because they can’t afford their payments. Although these statistics may make paying for college almost seem like a set-up for failure‚ students can help guarantee their future financial security through responsible borrowing. Responsible borrowing means to make conscientious and educated decisions about how much to money to borrow through student loans. This often means borrowing only what you need‚ rather than taking out the full amount that you are eligible for. Doing
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What does it mean to be responsible? Responsible means taking care of your duties; being accountable for your own actions. Being responsible also means to me is to take ownership; owning what I need to do and accepting the blame when I cause the problem. Committing ourselves to lead‚ to create‚ to solve problems involve being responsible. Whether it’s cleaning the house or just attending class‚ I am acting out of what it means to be responsible. When I think of having responsibilities I think
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