Unethical Practices of Arthur Anderson: Week 2 Checkpoint ACC/260 – Accounting Ethics: Keeping It Clean September 26‚ 2013 Thomas Scholz What did Arthur Andersen contribute to the Enron disaster? Assistance! Arthur Andersen assisted Enron in deceiving stakeholders by revealing ways to generate false profits and hide losses through the development of Special Purpose Entities (SPEs). Enron’s consolidated financial statements did not depict or clearly
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Should Dancing be considered a Sport? What is the true definition of Sport and Dance? Sport is the activity of which a person or team competes against each other and involves the physical effort of skill to master. Dance is the series of movement that matches the speed and rhythm of a piece of music. Also‚ injures that dance and sports share. Therefore‚ Dancing should be considered a sport because it has the qualifying requirements of a sport. In the first place‚ the requirements of skill and competition
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Should Viruses Be Considered “The Walking Dead”? Viruses are often misunderstood because they are so similar to bacteria‚ yet they aren’t living. This seems impossible. How can something so sinister not be a living thing? Think about the damage viruses do. How they multiply and invade and make us so miserable. Yet viruses should not be considered living because they do not possess the three most important characteristics of life: reproduction‚ homeostasis‚ and metabolism. Viruses cannot multiply
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Coors beer‚ a household name in the beer industry‚ is produced by the Adolph Coors Brewing Company which is based in Golden Colorado. Exactly how big is the Adolph Coors Brewing Company? As of 2001‚ the company ranked number three in beer sales‚ expanded into all 50 states. Currently Coors is the world ’s largest‚ single-site brewery. However‚ behind this imagery is a long history of discrimination‚ anti-labor policies‚ human rights violations and environmental ruin. The company was started by
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might lead to unethical practices and behavior in accounting. The unethical practices and behavior in accounting would be misleading financial analysis for personal gain‚ misuse of funds‚ overstating revenue‚ and understating expenses‚ overstating the value of corporate assets or underreporting the existence of liabilities‚ sometimes with the cooperation of officials in other corporations or affiliates. Other unethical practices would be insider trading‚ securities fraud‚ bribery‚ kickbacks
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------------------------------------------------- MGT 360 ------------------------------------------------- busINESS ethics AND SOCIal responsibilty UNETHICAL PRACTICES OF TWO COMPANIES OCEANIC BANK PFIZER PHARAMACEUTICAL OCEANIC BANK Oceanic Bank International Plc‚ Nigeria. The present CEO of Oceanic Bank International Plc is John Aboh. Oceanic bank is one of the most leading financial service institutions in
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earth‚ but how was he actually killed? Bin Laden had been the most wanted man after September 11th‚ 2001 and the movie explains how the C.I.A. gathered the intelligence to hunt him down in the War on Terrorism. The movie Zero Dark Thirty needs to be considered a classic film because of how significant of a victory it was for the United States‚ in an effort to stop Al-Qaeda and the War on Terrorism. It dramatically changed the war towards the United States’ favor‚ and gave them the edge to formulate their
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Animal Experimentation: Unethical According to Utilitarianism Introduction: One of the most debated ethical issues is Animal Rights. Animals are so much a part of our lives and world that it is impossible to ignore the ethical issues we are faced with pertaining to the treatment of animals. What is difficult about these issues is that although animals have many similar attributes as humans they lack the developed brain function that humans have. Although many animals can feel pain‚ experience
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Impacts of Unethical Behavior In 2005 former Tyco CEO Denise Kozlowski and ex-CFO Mark Swartz where convicted of taking more than $120 million in unauthorized bonuses‚ abusing an employee loan program‚ misrepresenting the company’s financial condition to investors to boost the stock price while selling $575 million in stock (Crawford‚ 2005). Kozlowski and Swartz’s defense was they did not steal from the company. The defendants maintained the board of directors approved all bonus money. Unfortunately
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What do you think is unethical? The countrywide approved everyone to get their loans‚ no matter they have jobs or not‚ no matter they have income or not‚ no matter they have assets or not. The criteria they use may be unethical. They don’t care whether the documents are valid‚ whether they can verify the income‚ whether the appraisal is any good. They just care about getting the loan closed‚ in order to do another loan. The underwriters/ contractors looked through the loan as quick as they can.
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