AIG Accounting Scandal Contents 1.0 Introduction ………………………………………………. 2 1.1 Overview of AIG …………………………………….. 2 2.0 Scandal Methodology Used by the Company………… 3 2.1 Accounting Practices Errors ……………………….. 3 3.1 Ways to Hide Accounting Improprieties ………………. 4 4.1 Who the scandal effected ………………………………. 7 5.1 Recommendations ………………………………………. 8 6.1 Conclusions ………………………………………………. 9 7.1 References ………………………………………………. 10
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Introduction AIG‚ American International Group Inc.‚ is one of the top multinational insurance corporations. AIG‚ with asset of 556 billion‚ provides insurance service for more than 150 different countries and it has over 630‚ 000 employees over the world. Even though AIG is such a giant corporation‚ it has encountered financial problems in the early 2000s. Under financial pressure and a lack of internal control‚ AIG have committed frauds resulting in several scandals. One of the accounting scandals
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group-wide operating management system that helps BP to set priorities for operations based on assessment of the key risks‚ including those related to environmental and social performance. Historical Background: BP (NYSE:BP) is one of the world ’s largest oil and gas companies in terms of production capacity. BP was founded more than a century ago by William D’Arcy‚ a wealthy British gentleman who had invested all his savings in the quest for oil in the Middle East. While experts and scientists
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Corporate & Work Culture When analyzing an organization’s leadership and teamwork skills‚ it is useful to first analyze the organization’s work culture and how this culture is maintained. The work culture of McDonald’s seems highly dependent upon the particular line manager in charge at any given point in time. One would imagine that the manager would almost always use position power and would use a telling style of leadership since the typical employee is young or inexperienced. Indeed‚ some
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IBM’s Corporate Culture Table of Contents Abstract 1 Roots 1 Company 1 Culture 2 Culture 3 Impact 3 Managed 4 Results 4 Troubles 4 Wake Up Call 5 Refocus and Restore 6 Company 6 Customer 6 Stakeholder 7 Employee 7 Atmosphere 8 Results 8 Summary 9 References 10 Abstract This is an analysis of the culture at IBM and the impact that it has had on their success. Corporate culture is significant in that it “influences the behavior of everyone within an organization and‚ if carefully crafted‚
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Gender roles have always been a part of our history. According to the Oxford University Press (2017)‚ gender roles are roles or behaviors learned by individuals on how someone of the female or male gender should act or behave. Male gender roles have had some advancements since the 1950 era‚ yet some gender roles have remained the same. In the 1950s‚ men were returning from the war and rejoining the workforce. According to the U.S Department of State‚ 2017 many of the returning soldiers opted
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company. The constant rise of the customer satisfaction is the necessary indicator for this development and vision is aims to be the No.1 Green Innovation Company in the Electronics Industry by 2018. As a part of this reorganization‚ Panasonic made Panasonic Electric Works Co.‚ Ltd. (PEW) and SANYO Electric Co.‚ Ltd. (SANYO) wholly-owned subsidiaries on April 1‚ 2011. According to Panasonic Global Website‚ since its establishment in 1918‚ Panasonic has been guided by its Basic Management Philosophy
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Corporate Culture & Ethics Loblaw Companies Limited and its subsidiaries and divisions are committed to upholding the highest standards of ethical conduct and good corporate citizenship. All Loblaw employees‚ officers and directors are expected to conduct themselves ethically‚ lawfully and professionally and in compliance with the letter and spirit of the Loblaw Code of Business Conduct (Corporate Policy‚ 2011). Employees are expected to act in Loblaw’s best interests on its missions and values
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action plan to improve its corporate culture‚ the following must be considered prior to releasing its corporate plan: timing; employee buy-in; management commitment; resources. Timing is critical in corporate wide initiative implementation if Staples‚ Inc. intends to succeed. Improving its culture will not occur instantly and detailed planning must occur for Staples‚ Inc. to successfully carry out a cultural change. Understanding how changing Staples‚ Inc.’s culture will be a long and tedious
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of the roles played by the ASX and ASIC Prepared for Tiffany Hutcheson Coordinator of capital market April‚ 2011 Table of contents 1.0 Introduction…………………………………………………………………1 2.0 Roles played by the ASX…………………………………………………...2 3.1 Importance of the ASX as a regulator…………………………………..2 3.2 Responsibility and objective of the ASX……………………………….2 3.3 Roles of the ASX………………………………………………………..2 3.4 Changing role of the ASX………………………………………………3 3.0 Roles played
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