YOU WERE LOOKING FOR :Auditor Independence and the Enron Case
Essays 151 - 180
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...
to be on a continuing growth streak. Enron did not use proper or prudent caution in their diversification strategies. There did ...
corresponding functional interest in them * The interests of all stakeholders are of intrinsic value (Donaldson et al, 1995, pp. 6...
these contributions finds one incorporating the interests of ethics and morality within the corporate structure, essential concept...
as Gap and Nike (Mason, 2000). In some cases, the charges have been valid. Many Asian and other nations see no real...
done to rein them in. Even many business people felt that capitalism had to be saved from itself because it was an economic system...
effect to such things, and these situations are no different. When people lose jobs, families suffer, economies suffer, communiti...
as consumers have an increased awareness of less tangible aspects, such as corporate governance and ethical and moral responsibili...
a result of ending some of the companys more obscure partnerships (Leonard, 2001). And, it was these partnerships that severely h...
Johnson pulled all Tylenol products off the shelf at great cost in order to ensure the safety of consumers. The Company did this,...
sort through the shards of Enrons collapse, the concept of corporate governance can make a difference in many areas as it enhances...
the Enron candidate bought Baileys campaign manager (How Enron Did Texas). Although Bailey did win, it was by an exceptionally na...
of international standards. It is only if there are international standards that international stakeholders may be able to see acc...
evident that much fraud can be discovered before it is too late. While this was not true in the case of Enron, the evidence has s...
life savings and retirement plans of countless employees who had worked hard to save their funds - but because of corporate greed,...
for the scandal that ultimately occurred. "The contributions dwarfed what was at stake for Enron. In its energy trading in Calif...
known as the going concern concept1. In looking at the viability of the business the potential creditors are seeking to ensure tha...
(CNN Money, 2002). Further, David B. Duncan, the lead partner who was in charge of the Enron account, was fired (CNN, 2002). 6. An...
This approach was legal and acceptable under FASB rules at the time. The Enron-specific problem arose when Enron did not consolid...
does believe that: "most SPEs serve valid business purposes, such as isolating assets or activities to protect the interests of c...
problems were already apparent. In the annual accounts, debts had been understated and profits had been overstated to the amount o...
of philosophy dealing with right and wrong and the morality of motives and ends" (Shaughnessy, 2002, p. 20). But questions of ethi...
its current ratio is understandable. WorldComs values in these two ratios reflect its precarious operation position. Neith...
may have severe problems, but it is in the interests of all parties for the company to gain some portion from creditors to allow i...
for bankruptcy due to its inability to hide such tremendous losses any longer. It took a matter of three month for the company to...
and employees. So, it becomes imperative that when considering the effective management of ethics structures to pay attention to...
This demand is impacted by information regarding that share as well as market conditions. In the case of Enron and WorldCom the we...
the context of Walkers (2005) statements, the public arena is noted, but this idea can be applied to any organization. Fiscal resp...
(Sun, 2006). The author remarks that internal auditors now have rock star status (Sun, 2006). Clearly, auditors are revered and ha...