Indian Coal Mining Controversy which is also known as Coalgate Scandal. Coal mining controversy is a political controversy highlighting the nation’s irregularities in the matter of handling national coal deposits. Another scam in a history of Indian, Coal mining controversy is major fraud in 2012, which involved Rs 1, 86, 000 Cr losses to exchequer. This is serious allegation against Prime Minister of India Dr Manmohan Singh who is in a serious scrutiny of the CAG which leads to protest against
Words: 1392 - Pages: 6
CASO ENRON THE SMARTEST GUYS IN THE ROOM ¿Cuál es la principal problemática del caso? La principal problemática del caso Enron parte en base al orgullo, la arrogancia, la intolerancia y la codicia de los los gerentes y altos directivos de la empresa; ellos se preocupaban más por sus ganancias personales que por el verdadero crecimiento de la empresa y de los trabajadores. Los problemas económicos de la compañía eran prácticamente invisibles para el público general ya que por muchos años Enron
Words: 1306 - Pages: 6
Arthur Anderson case Ideas and lessons Arthur Anderson • Once exemplified the rock solid character and integrity that was synonymous with the accounting profession. • Accounting, auditing and consulting and independency. Arthur Anderson • Investors lost about $300 billion. • Hundreds thousands of people lost their jobs. • Closed 2002 after 90 years of business. • Auditing independence-what does it mean to you? Independence vs combining auditing and consulting. Arthur Anderson
Words: 343 - Pages: 2
algunos como: Auditores: El famoso auditor a cargo de la revisión de procesos financieros tuvo un rol más superior que el de un auditor que se debería encargar en determinar y certificar las prácticas de contabilidad que la empresa llevaba. Arthur Andersen jugo también el papel de consultor financiero para la empresa, lo cual pienso que lo llevo a desenfocarse de su rol primario y más importante. Asesoría Jurídica: La asesoría jurídica no cumplió al 100% sus tareas o responsabilidades con la empresa
Words: 1613 - Pages: 7
After reading the case, watching the video, and reading the CPA Journal article, what do you believe were the three most significant contributors to the fall of Enron. What do you believe were the three most significant contributors to the fall of Andersen? One of the most significant contributors to Enron’s fall would have been the culture of the company itself. They were taught to cut throats and do whatever need to be done to make a profit. This was show when they would cut the
Words: 1069 - Pages: 5
History: Arthur Andersen firm was founded in 1913 by Arthur Andersen and Clarence DeLany as Andersen, DeLany & Co.The firm changed its name to Arthur Andersen & Co. in 1918. Andersen, who headed the firm until his death in 1947, was a zealous supporter of high standards in the accounting industry. A stickler for honesty, he argued that accountants' responsibility was to investors, not their clients' management. Arthur Andersen was the first of the major accountancy firms to propose to the FASB
Words: 465 - Pages: 2
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
Words: 388 - Pages: 2
Question 2 Referring to Section 550 Quality Assurance and Practice review of the MIA By-Laws (on professional ethics, conducts and practice) and ISA220 Quality Control for an Audit of Financial Statements, do you believe that the engagement leader of an audit (like David Duncan on the Enron audit) should have authority to overrule the opinions and recommendations of the accounting & auditing function? Why or why not? In our opinion, the engagement leader of an audit should not have the authority
Words: 1833 - Pages: 8
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
Words: 276 - Pages: 2
Consulting firm by revenue • In 2014, reported net revenue of 30 billion • 305,000 employees world wide • Servicing clients in more than 200 cities and 56 countries History of Accenture • Started out as Andersen Consulting a division of the accounting firm Arthur Andersen. • In 2001 Andersen Consulting split away from its parent company and became Accenture. • To support its launch, Accenture had the right to use Andersen’s Technology infrastructure for one year. Problems with the Old IT Infrastructure
Words: 530 - Pages: 3
