Yuri A. Batten Module 2 Case 2: HP Pretexting Scandal ETH501 TUI University Dr. Bonnie Adams Who is ever responsible for the wrong-doings of a corporation? Is it the person who actually commits the crime or the company that hired the person who committed the crime? In today’s world of finger pointing and blame shifting‚ anyone’s guess is as good as mine. Should Patricia Dunn‚ former chairwoman of Hewlett-Packard (HP)‚ have been forced to resign? In my mind the answer is yes‚ without
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Ms. Hardgrove Financial Accounting 5 November 2013 Xerox’s Accounting Scandal Xerox Corporation is a multinational American document management corporation which sells and produces a wide variety of color and black-and-white printers‚ multifunction systems‚ photo copiers‚ scanners‚ fax‚ digital production printing presses‚ and related consulting services and supplies. Overall any type of printing equipment‚ more specifically office equipment. It is currently headquartered in Norwalk‚ Connecticut
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| Formal report | Professional Writing | | Maria | 10/20/2012 | | TABLE OF CONTENTS Introduction 1 Purpose‚ Scope and limitations 1 Application for all job specialties 1 Interpretation of results 2 Historical Prespective 2 Sources and methods 2 Chron-small business 3 American institute of cpa’s 3 The New York times 3 Accountant key 4 Washington consultants 4 Accountants next door 4 Wanted Analytics 5 Report organization 5 Formal Report Accounting
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1. For nearly 90 years‚ Andersen had a culture of doing the right thing. Moral courage defined the organization. However‚ there was a gradual erosion of the culture. Name three cultural changes that contributed to Andersen’s problems and defend your position. The first cultural change was that Andersen embarked on a path that valued consulting service which charged hefty fees ahead of auditing in 1990s. Compared to its original major service‚ auditing that required accountants to insist independence
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Introduction The Adelphia Communications scandal occurred in March‚ 2002 when three of the original founding family members which included the father John Rigas‚ and two of his sons Michael and Timothy‚ along with two other company executives were arrested for improperly taking assets from the nation’s sixth-largest cable television company. The scam involved one of the biggest financial frauds faced by a publically held company. In the end stakeholders were forced to absorb massive losses as
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second trial — the first ended in mistrial after a juror said she received threats following reports that she made an “OK” signal to the defense team. Kozlowski and Swartz are the latest executives sentenced to prison in a wave of white-collar scandals that shook corporate America and outraged the public after thousands of people lost their jobs and pension
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or not they were the correct solution regarding problems that was a direct result from the Enron and WorldCom bankruptcies. We can determine by the illustration how the size of the business is affected by the different rules and legislature. The articles also shows the ramifications that resulted for these companies forced to comply with the Sarbanes-Oxley Act. In cases such as Enron and WorldCom‚ the authors wanted to see if businesses filing bankruptcy were in direct correlation of fraud of business
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reading through this section one situation that came to mind was all the issues at Penn State with Jerry Sandusky. Sandusky was convicted of multiple charges of sexual abuse during his time at the University and despite the University knowing that the scandal was going to take a turn for the worst‚ the decision was to stay quiet about it. The University stayed quiet for about eight months until they finally sought out help to get them out of the mess that was created by staying quiet. If anything a simple
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The Penn State Scandal impacted many areas of the organization. From the managers not doing their part to protect those who were being abused. As a manager if an incident is reported to you it is your responsibility to make sure that the proper authority is notified‚ or you should at least investigate for yourself to make sure that the information that is given to you is creditable. In the case of an eyewitness account as with McQueary he did the right thing by reporting what he saw to coach Paterno
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Parmalat Accounting Scandal Summary After eluding financial analysts and investors for a long time‚ Parmalat went bankrupt later in December‚ 2003 and many of their board of directors have been arrested since then. Here is a brief summary of the events: In the late 1980’s‚ Parmalat’s financial situation was poor due to investment in side businesses. i.e. TV network‚ Parmatur‚ football teams (Palmeiras‚ Parma‚ etc). Cash siphoning through these companies was estimated to be
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