result of worldwide scandals that have highlighted the lack of ethical standards and the breach of codes of conducts in numerous corporations. Specifically, accountants are often accused of poor financial management and fraud. Among the different cases of accounting malpractice, the Waste Management Inc. hoax is one of the most famous ones and it is usually used as an example to illustrate the decay of values in some of the biggest, most powerful entreprises. In 1968, Waste Management Inc. was founded
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University Of San Francisco MSIS 625 Case Analysis Strategic IT Transformation at Accenture Presented to Dr. Helmut Buehler April 3th, 2013 Executive Summary Arthur Andersen accounting firm was founded in 1913 to help other businesses adapt to new FRS tax regulations. The firm quickly expanded globally and started offering financial consulting in addition to accounting audit. In late 80s Arthur Andersen was divided into two entities, Andersen and Andersen Consulting. High demand over the consulting
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In 2001 Accenture made the very bold decision to separate from its parent company Arthur Andersen. The start-up company faced the same problem of building a new IT infrastructure but it has its bright potential ahead. The main dilemma is to be chosen in between 3 options: to keep using the decentralized approach in which each country chooses
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Abstract: This case study is about the strategies which are being implemented by Accenture in order to allow for the transformation of information technology. Information technology leaders face a lot of challenges and in order to meet the challenges and high expectations of IT services and even with reducing cost and meeting the future needs of the business. This case study tells what approaches they have taken to define information architecture. They have faced the challenges of implementing the
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BACKGROUND In the fall of 2002, Joe Nacchio, the CEO of Qwest Commutations International was on trial after the board of Qwest, kicked him out when Qwest was caught in a multibillion-dollar accounting scandal (Gimein). Nacchio was asked to testify by a congressional panel regarding if Qwest and Global Crossing sold stuff they didn't need to each other so they could inflate revenues and keep stock prices high (Gimein). EVENTS THAT OCCURRED In 2000, Nacchio promised investors that Qwest’s revenue
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Danielle Gray Case Study Week Two: Arthur Andersen LLP v. United States 1/27/14 Plaintiff/Appellee: United States Defendant/Appellant: Arthur Andersen LLP The United States won at the Trial Court and that decision was also held at the lower appellate level saying that Andersen “knowingly and corruptly persuaded another person with intent to cause that person to withhold documents from, or alter documents for use in an official proceeding,” ultimately obstructing justice. In the final Court of
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Business Ethics and Corporate Responsibility Professor Dr. Dana Legette-Traylor Unit 5 Case Study Accounting for Enron By Accounting for Enron 1. Donald Duncan had responsibilities to everyone mentioned and he definitely failed by acting negligently and by showing a complete lack of ethics throughout his involvement with Enron. Due to the fact that Donald Duncan was the head auditor he had a responsibility to maintain the highest professional accounting and auditing ethics, and to lead his
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Arthur Andersen:- Arthur Andersen founded the company in 1913 but after his death Leonard Spacek took the leadership in 1947. Under his leadership of 26 years, Authur Andersen & Co. becomes a genuine international company. They had opened their offices in more than 25 countries with a staff of more than 12000. In 1970’s they started providing consulting services and by the 1988 they become the largest consulting company of the world. However in the mid 1980’s many cases were filed against the
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Running Head: Summary of A Sad Tale Week Two Learning Team A Summary of A Sad Tale FIN/561 September 30, 2014 Read the Ethics case, "A Sad Tale: The Demise of Arthur Anderson" located in the WileyPLUS Week Fundamentals of Corporate Finance Chapter readings. Discuss the mistakes made by Arthur Anderson and potential actions that leadership could have taken to prevent the organizational failure. Write a 350- to 700-word summary of your discussion. Click the Assignment Files tab to submit
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2. Arthur Andersen Contribute to the Enron Disaster AA was incapable to either spot or ignored Enron’s manipulation which allowed fraud to take place. AA did not provide opinion to Enron’s audit committee. The firm CFO and the assistants were involved in situations that resulted in a significant conflict of interest and AA have no alternatives approach to manage those conflicts. Even though AA had undertook Enron’s audit function responsibility, AA failed to advice on Enron’s internal controls
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