КУРСОВА РАБОТА ЕНРОН 1. Групирайте причините за фалита на Енрон по подходящ начин 1.1. Амбицията и алчността на главните мениджъри и разширяване на дейността на компанията, която не може да си позволи от финансова гледна точка компанията се превръща в глобален топ доставчик в бизнеса с електроенергия, стомана и дървесина конгломератът купува телевизионно рекламно време и извършва застраховки срещу кредитни неустойки компанията, следвайки глобалната и виртуалната стратегия, увеличава
Words: 2076 - Pages: 9
man from the capitalist vices of the modern era. Where did it go wrong? Capitalism, for all its glory and wonder is nevertheless flawed. It is its own worst enemy. The purpose of auditing is to make sure capitalism does not get ahead of itself and collapse taking us down with it. Of all the theories to support the existence and importance of auditing, independence has by far been the most if not the only solid argument. Its duty as an autonomous entity to reduce the information asymmetry so that the
Words: 334 - Pages: 2
Ethical Standards Newby v. Enron Corp. , 2002 U.S. Dist. LEXIS 28397 (S.D. Tex. May 1, 2002) Newby v. Enron Corp. (In re Enron Cor... , 2003 U.S. Dist. LEXIS 1668, Fed. Sec. L. Rep. (CCH) P92404 (S.D. Tex. Jan. 28, 2003) United States v. Arthur Andersen LLP , 2002 U.S. Dist. LEXIS 26870 (S.D. Tex. May 24, 2002) 18 USCS § 1512 Discussion/Analysis (of Law and Facts) During a legal discovery which includes the procedures of Deposition, Interrogatories and Production of Documents there can
Words: 345 - Pages: 2
Enron Corporation was a company that provided services which related to energys, commodities and services based in Houston Texas. Enron employed approximately 22,000 staff. It was one of the world's leading electricity, natural gas, communications, pulp, and paper companies. Enron claimed revenues of nearly $101 billion in 2000 before it filed bankruptcy in late 2001. Enron was named "America's Most Innovative Company" for six years in a row by Fortune. In 2001, Enron was accused of accounting
Words: 650 - Pages: 3
Arthur Andersen: Questionable Accounting Practices Steven Young Strayer University Business Ethics: Ethical Decision Making and Cases Dr. Mary Tranquillo November 13, 2012 Arthur Andersen: Questionable Accounting Practices p1 Arthur Andersen, one of the largest accounting firms in the United States, “a name that was synonymous with trust, integrity, and ethics” (Ferrell, Fraedrich, & Ferrell, 2011, p. 348), through a loss of
Words: 1433 - Pages: 6
. The traits essential for a consulting organization – innovative, creative, dynamic, strategic. 2. On August 7, 200 Andersen Consulting has officially separated from Arthur Andersen. In return for its independence, Andersen Consulting had to change its name as the Andersen Consulting name was to expire December 31, 2000 the company had begun to search for a new name in advance of the arbitration decision. It was very complicated because the company had to quickly create a new name, effectively
Words: 274 - Pages: 2
Ethics Case: Arthur Andersen’s Troubles Once the largest professional services firm in the world, and arguably the most respected, Arthur Andersen LLP (AA) has disappeared. The Big 5 accounting firms are now the Big 4. Why did this happen? How did it happen? What are the lessons to be learned? Arthur Andersen, a twenty-eight-year-old Northwestern University accounting professor, co-founded the firm in 1913. Tales of his integrity are legendary, and the culture of the firm was very much in his image
Words: 4672 - Pages: 19
with news of financial and accounting scandals at major Fortune 500 companies. Enron, a Texas based energy company, lied about profits and was accused of concealing debts so they did not show up in the company’s accounts (BBC News, 8/22/2002). Arthur Andersen, an accounting giant, member of the “Big Six”, and Enron’s corporate auditor, collapsed completely after being found guilty of deliberately destroying evidence of its relationship with Enron (BBC News, 8/22/2002). Tyco executives L. Dennis Kowlowski
Words: 1891 - Pages: 8
Baluyot, Krishia Mae E. BSAV-2A Scandals that Rocked the Accounting World ❖ Enron Scandal The Enron Corporation led to bankruptcy Last October 2001. It is an American energy company based in Huston, Texas, and the termination of Arthur Andersen, which was one of the biggest audit and accountancy partnerships in the world. Enron is also attributed as the biggest audit failure. Enron was founded in 1985 by Kenneth Lay after merging Houston Natural Gas and Inter North several years
Words: 1782 - Pages: 8
Management Planning Paper Universidad of Phoenix MGT/330 – Management: Theory, Practice, and Application Prof. Richard Valdés-González 17 de noviembre de 2008 Legal La firma Arthur Andersen dedicada a la auditoria de otras compañías (1999) reconoce la necesidad de acelerar el flujo de la información que tiene valor, desde los individuos a la organización y de vuelta a los individuos, de modo que ellos puedan usarla para crear valor para los clientes.
Words: 1130 - Pages: 5
