YOU WERE LOOKING FOR :Learning Lessons from Enrons Bankruptcy
Essays 481 - 510
the financial statements. This sent investors scrambling. Nancy Temple was viewed as the culprit (by both the courts and observers...
as consumers have an increased awareness of less tangible aspects, such as corporate governance and ethical and moral responsibili...
as Gap and Nike (Mason, 2000). In some cases, the charges have been valid. Many Asian and other nations see no real...
Johnson pulled all Tylenol products off the shelf at great cost in order to ensure the safety of consumers. The Company did this,...
corresponding functional interest in them * The interests of all stakeholders are of intrinsic value (Donaldson et al, 1995, pp. 6...
At the time, the SEC had examined the reports of many publicly-held companies and had required more than 100 to restate their resu...
a result of ending some of the companys more obscure partnerships (Leonard, 2001). And, it was these partnerships that severely h...
those who were relying on the company for pensions, directly or indirectly, those who worked for them, and those who worked for co...
audit functions were in accordance with Generally Accepted Accounting Principles (GAAP), hiding debt in dummy corporations, as wel...
benefit from various government subsidies, it also cheated millions of shareholders using questionable accounting practices design...
these contributions finds one incorporating the interests of ethics and morality within the corporate structure, essential concept...
to be on a continuing growth streak. Enron did not use proper or prudent caution in their diversification strategies. There did ...
and do this? This provides an example of a moral individual who is placed in a slightly unmoral situation. In this regard,...
Businesses must maintain integrity and they do this "within a framework of the law and ethics" (2000, p.17). Some firms have imple...
processes (Chidi, 2002). Some of the accounting techniques used at WorldCom in order to supplement R&D write-offs included the use...
done to rein them in. Even many business people felt that capitalism had to be saved from itself because it was an economic system...
share price performance. There are also the wider culture issues that encourage this and place an onerous duty on those who may be...
principles of accounting in the U.S. (Larson et al, 2001). Since that time, a number of authoritative bodies have been instituted ...
Enron, a publicly held company, was once a top provider of electricity but ended up in Chapter 11 bankruptcy ("Enron," 2002). Pr...
the context of Walkers (2005) statements, the public arena is noted, but this idea can be applied to any organization. Fiscal resp...
and diligence and independence at the auditing level" (Anonymous, 2003). From a broader perspective, one of the main reason...
the GEC directors took control of the company, and therefore the accounts this ?10 million profit turned into a $4.5 million loss ...
fraud, and it was with this we might argue there was the first loss of confidence in the auditors. This case limited the liability...
(Sun, 2006). The author remarks that internal auditors now have rock star status (Sun, 2006). Clearly, auditors are revered and ha...
with several different players each able to avoid feeling personally responsible there was a lack of a real moral compass. ...
an explanation or the auditors may, in extreme cases, may not feel able to certify that accounts as true and accurate. The...
not the least of which includes employees, customers, suppliers, distributors, stockholders, interest groups, legal and regulatory...
collapse of the company. One can only conclude that these executives decided that it was worth the risk to take actions that were ...
This demand is impacted by information regarding that share as well as market conditions. In the case of Enron and WorldCom the we...
its current ratio is understandable. WorldComs values in these two ratios reflect its precarious operation position. Neith...