Xerox Corporation Xerox Corporation is a $16 billion technology and services enterprise that helps businesses deploy smart document management strategies and find better ways to work. It’s intent is to constantly lead with innovative technologies‚ products and solutions that customers can depend upon to improve business results. Xerox provides the document industry’s broadest portfolio of offerings. Digital systems include color and black-and-white printing and publishing systems‚ digital presses
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Content Page Executive Summary Xerox‚ the then world’s largest copier seller‚ was sued by the U.S. Security and Exchange Committee (SEC) in 2002 for its fraudulent accounting manipulations‚ which inflated $1.5 billion earnings from 1997 to 2000. Several parties got their hands dirty in the scandal‚ including the then senior Xerox management‚ the Board of Directors and external auditor KPMG LLP. The failure of those parties in discharging their duties induces the further thought of trust and accountability
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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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Financial Research – The Xerox 1 Financial Research Xerox Financial Fraud Case Analysis This paper was prepared for Auditing Procedures Financial Research – The Xerox Abstract On April 8th‚ 2002‚ the Xerox Corporation ("Xerox") announced its willingness to accept the U.S. Securities and Exchange Commission (SEC) to reach a settlement with the conditions. Thereafter‚ its financial fraud became surfaced. On June 28th‚ Xerox Corporation in accordance with the requirements of the settlement
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Following are some of the most extreme examples of gross misconduct regarding fraud in our history. The Waste Management Scandal in 1998. They reported 1.7 billion in fake earnings by increasing the length of depreciation time for property‚ plant and equipment on the balance Page 2 sheets. The fraud was detected when a new CEO was brought in and the new management team went through the books. Motivation seems to be that this publicly traded company needed to keep stock prices up to keep investors
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Financial Statement Fraud Analysis “XEROX CORPORATION” The objective of the assignment was to do an analysis of a company’s financial statement and identify areas in where financial fraud may be occurring or has occurred. The company I chose for the assignment was Xerox Corporation (“Xerox”). In my opinion based on the analysis of Xerox financial statements from 1998 to 2000‚ a review of outside sources such as Securities Exchange Commission (“SEC”) filings‚ and other periodical resources‚
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TUGAS SISTEM PENGENDALIAN MANAJEMEN SOAL 1-4 Nama perusahaan : XEROX 1. Ringkasan dari sistem Pengendalian XEROX System pengendalian manajemen dimulai dari proses perencanaan masing-masing unit operasi dalam sebuah divisi bisnis atau divisi operasi konsumen dan mengembangkan rencana-rencana tahunan dan jangka panjangnya. Melalui LTQ (Leadership Through Quality) dan tolak ukur kompetitif manajemen melakukan ukuran-ukuran operasional seperti pangsa pasar‚ kepuasan konsumen dan berbagai statistika
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Strategic Mistakes by Xerox CEO "Xerox: The Copier Company" epitomizes one of the greatest strategic blunders in the history of high technology corporations. The legacy of C. Peter McColough’s tenure as CEO at Xerox was that he gave away the future of the company while he was at the helm. When McColough took over the reins of Xerox in 1968‚ Xerox was fully enjoying the 40-45% growth in their 80% copier dominated market share. McColough had the vision to see that in the office of the future‚ information
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The Xerox Corporation The Xerox Corporation was incorporated ion April 18‚ 1906. The corporation is highly multinational oriented and is divided into four major segments; Document processing‚ insurance‚ third-party financing‚ and finally investment banking services. Xerox corporation operates in the Western hemisphere‚ while its subsidiaries‚ Rank Xerox Ltd.‚ operates in Europe‚ and Fuji Xerox which is responsible for the corporation’s operations in Pacific nations. Before the 1970’s Xerox pretty
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1) What is the culture of the organization? It has been said that Xerox has a famously strong culture. It is a culture of integrity‚ openness‚ and inclusion. One of the defining characteristics of the Fortune 500 Company is passion. Passion for success‚ new ideas‚ customer service and passion within its employees. The Xerox culture is one of commitment to excellence‚ innovation and sustainability. Xerox operates on its core values of succeeding through satisfied customer‚ delivering quality and
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