This assignment is to identify the background of Enron and Arthur Anderson and Enron fail. Other than that, identify the business risks that faced by Enron. Moreover, determine the responsibilities of board of directors and steps to improve corporate governance. Besides that, differentiated between rules-based accounting and principle-based accounting and the uses. In addition, there are discussion about auditor should allowed to provide non-audit services. There are also critical discussion on the
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Ishan Walia 860931111 Dr. Jasso Section 122 EXAM 1 1) On Moral Development a) Lawrence Kohlberg, a professor at both University of Chicago and Harvard, was the creator of the famous “theory of stages of moral development.” This theory consisted of six stages which evaluated the moral reasoning of a person. The theory is divided into three levels, each of which has two stages within them. The levels consist of preconvention level, conventional level and post conventional level. The preconvention
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Trends in Theory and in Practice of the International Business Ethics Gabriela Dubcová* ABSTRACT The ethics triangle: national law, culture and political economic system. Key factors of current ethics issues in an international environment. The most visible changes in environment dimensions. Principles of international business ethics. Current ethics challenges in international environment. Common issues of the international business ethics. Comparison of ethical standards in different cultures. Accelerating
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Accounting Information Systems Research Paper Abstract The Sarbanes-Oxley Act of 2002 (SOX) was enacted into law in 2002 in the wake of corporation financial reporting scandals involving large publicly held companies. SOX instituted new strict financial regulations with the intent of improving accounting practices and protecting investors from corporate misconduct. SOX requires corporate executives to vouch for the accuracy of financial statements, and to institute and monitor effective internal
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NORDSTROM, INC. CODE OF BUSINESS CONDUCT AND ETHICS FOR THE MEMBERS OF THE BOARD OF DIRECTORS (Approved by the Board of Directors on November 17, 2010) At Nordstrom, great value is placed on providing exceptional service. Nordstrom is proud of its reputation for integrity and honesty and is committed to these core values. Enhancing and maintaining Nordstrom’s reputation depends on adhering to the highest standards of conduct in all business endeavors. Nordstrom Directors have a responsibility
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Table of Contents Section 1 1 1.1 Company Profile: 2 1.2 Corporate Governance Disclosures, and are they sufficient? 2 1.3 Key issues that may have impacted on the company’s corporate governance performance 3 1.3.1 Glass Ceiling 3 1.3.2 Climate Change 3 1.3.3 Petroleum Accidents 4 1.4 Potential ethical considerations impacting on the company and the industry in which it operates 4 1.4.1 Petroleum Industry 4 1.4.2 Price Fixing 4 1.5 Theoretical Frameworks supporting Caltex CSR
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ETHICAL ISSUES IN BUSINESS Legal Environment of Business Instructor: Leslie Dunn By: Janet Hutchins American Intercontinental University Abstract This paper is concerning ethical issues faced by an employee who while working for her first corporate job right out of college has started to lose her idealism after being employed for only 4 months. She has assisted company executives here in the U.S. and in many European countries. While she has a primary boss in the U.S. offices, she has had
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Management The Halliburton board has affirm plans to it in the exercise of its responsibilities. These guidelines are reviewed annually by the Nominating and Corporate Governance Committee and revised, as appropriate ( Halliburton, 2009). The Board of Directors believes that the primary responsibility of the directors is to provide effective governance over Halliburton’s affairs for the benefit of its stockholders (Halliburton, 2009). In order for Halliburton to achieve the maximum level of profit they
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Ethics and Compliance This paper will access analyze data from Wal-Mart’s annual financial reports as well as Security and Exchange (SEC) filings for the past two years. This analysis will be used to evaluate the organization’s financial performance during the past two years using financial ratios. An assessment of the role of ethics, compliance and procedures currently in place to ensure organizational ethical behavior will also be addressed. An explanation of how financial markets operate within
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2.1 Definitions of Corporate Governance There are many definitions for corporate governance. Sir Adrian Cadbury in his 1992 Report on the Committee on Financial Aspects of Corporate Governance p.15 says “Corporate Governance is the system by which companies are directed and controlled.” Another definition is, “corporate governance can be defined as the stewardship responsibility of corporate directors to provide oversight for the goals and strategies of a company and foster their implementation
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