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prosecution witness and is "crucial to the prosecutions case," since he is the only witness who said that "he spoke directly to Mr...

rules and audits the accounts. When looking at the failure of Enron it is these accounting standards that appear to fail. In looki...

its current ratio is understandable. WorldComs values in these two ratios reflect its precarious operation position. Neith...

corresponding functional interest in them * The interests of all stakeholders are of intrinsic value (Donaldson et al, 1995, pp. 6...

for bankruptcy due to its inability to hide such tremendous losses any longer. It took a matter of three month for the company to...

of philosophy dealing with right and wrong and the morality of motives and ends" (Shaughnessy, 2002, p. 20). But questions of ethi...

known as the going concern concept1. In looking at the viability of the business the potential creditors are seeking to ensure tha...

fraud when accounting (Miller & Bahnson, 2005). In addition to the GAAP standards, some businesses, especially those outside the U...

fraud, and it was with this we might argue there was the first loss of confidence in the auditors. This case limited the liability...

that other entity and realizes the accounting principle shift as discussed by Schmutte and Duncan (2005). The scope of variable i...

was in difficulties. This gave an effective reason for the change to take place and meant one of the main barriers to change was o...

will use a simple example of the calculation of weighted average cost of debt (Xerox, 2001). This can then be applied to the Xerox...

when. A more accurate model to use would be the Simple Exponential Smoothing method. Here, the forecasting team would look at pa...

The companys auditor employed by Andersen allowed the misrepresentations to go uncorrected. Hamilton and Leeds charged: "Andersen ...

agreement -- why should the whistle blowers? This is precisely how the handful of individuals felt when they learned their corpor...

chief accounting officer and former Enron auditor from Arthur Anderson and a number of other executives (FOX News Network, 2005). ...

sort through the shards of Enrons collapse, the concept of corporate governance can make a difference in many areas as it enhances...

while the media is referring to what Enron officers did as "off-balance-sheet" partnerships -- "those hundreds of Enron entities t...

sources will be cited using APA style. Chronology of the Enron Collapse Before analyzing what, exactly, caused Enrons coll...

At the time, the SEC had examined the reports of many publicly-held companies and had required more than 100 to restate their resu...

(Thomas). Employees who didnt do deals to post earnings ended up with higher score. The higher the score, the more likely the empl...

(2003) commented that the sweeping criminal provisions in the act apply to everyone, including nonprofit organizations. For exampl...

(Sun, 2006). The author remarks that internal auditors now have rock star status (Sun, 2006). Clearly, auditors are revered and ha...

not the least of which includes employees, customers, suppliers, distributors, stockholders, interest groups, legal and regulatory...

books. The charges against Lay are that "he knew his company was failing in 2001 when he sold millions of dollars in stock and ur...

benefit from various government subsidies, it also cheated millions of shareholders using questionable accounting practices design...

Enron, a publicly held company, was once a top provider of electricity but ended up in Chapter 11 bankruptcy ("Enron," 2002). Pr...

business, but it has "confused some employees spiritually -- a side often overlooked by vitally important to an ethical workplace"...

Timeline, 2004). Jeffrey Skilling took over as CEO but resigned six months later; Lay returned to the post of CEO (FOX News Networ...

perception of the regulatory environment is one that inspires confidence that the results and basis of the valuation accurate and...