Case 1.1 - Enron Corporation ------------------------------------------------- Discussion 1 The parties we believe to be most at fault for the crisis in this case are a) the Audit Firm engaged in the Enron audit (Arthur Andersen); b) Enron Management (Kenneth Lay‚ Jeffrey Skilling‚ Andrew Fastow; and c) the SEC. The Public Accounting Firm: Arthur Andersen The auditor has the responsibility to evaluate the risk of material fraud‚ including: * Incentives and motives for fraud : Enron was a fast
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1. BASIC PHRASES [pic] [pic] [pic] |¡Buenos días! |¡Buenas tardes! |¡Buenas noches! | |bway-nohs dee-ahs |bway-nahs tard-ays |bway-nahs noh-chays | |Hello! / Good morning! |Good afternoon! |Good evening! / Good night! | |¡Hola! / ¡Chao!
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of the Enron Scandal The Enron scandal is one that left a deep and ugly scar on the face of modern business. As a result of the scandal‚ thousands of people lost their jobs‚ some people lost their entire pensions‚ and all of the shareholders lost the money that they had invested in the corporation after it went bankrupt. I believe that Kenneth Lay‚ former Enron CEO‚ and Jeffrey Skilling behaved in an unethical manner without any form of justification‚ but the whistleblower‚ former Enron vice president
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DE VERA‚ K. RIGOR‚ J. & TAYAG‚ J. Brand is a name‚ sign‚ symbol‚ or design‚ or combination of these that identifies the maker or seller of a product or service . Although certain brands offers various product line and brand extensions‚ it does not mean that a brand is strong already. Note that years of existence do not also define a strong brand‚ rather to consider a brand a strong one the brand should have high brand equity; a clear brand positioning; and it must be competitive
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of Enron were the large number of highly complex accounting entries. For example energy traders were required to book all the projected profits from a supply contract in the quarter in which the deal is made. Such accounting procedures are inherently risky as they make assumptions about price forecasts which can drastically affect earnings. Another inherent risk factor is the frequency of related party transactions. The special purpose entities Enron was trading with were created by Enron and
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Problem: What can Enron do to salvage the Dabhol project and its ties to India? After nine years of an obvious debacle‚ it seems that Enron and the Indian government have reached a state of impasse‚ where a sustainable long term relationship cannot be achieved. Enron has chosen to terminate the agreement by offering to the Indian Prime Minister Enron’s 65% equity in DPC for US$1.2 billion and offshore debt for US$1.1 billion. o Various political parties have consistently used Enron as an issue to
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Essay #1 Climate‚ Weather‚ and Meteorology are often used interchangeably‚ however they all mean very different things. Climate and Weather are very similar in that they are talking about the same things just at different times. Meteorology is nothing like these two it is much more. It uses both to make up itself. All of these terms fall under the same category of weather and how it is perceived whether it be current‚ over a period of time‚ or the study of both. Weather is something we all experience
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Effects of the Enron Scandal (Kassie) The Enron scandal had a great effect on the United States‚ with an impact on individuals from the consumer level to those running the company as well as the stock market and investors. Throughout the scandal‚ 4‚500 employees lost their jobs and investors lost approximately $60 billion dollars within a few days. The loss of such a large sum of money meant the loss of old-age and retirement security for many of the investors who put their money and faith in the
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Dylan Osborn Weather and Climate T/Th 2:05 Mr. Robinson Hw #1 q’s #8‚12‚13‚21 8. The three abiotic spheres are the Atmosphere‚ Hydrosphere and the Lithosphere. Each one of these spheres interacts with each other and the biosphere in unique and different ways. The atmosphere works with the biosphere in that it uses the gases released from living things to form itself. It also receives gases from the Lithosphere‚ or the earths crust to help form itself. The atmosphere helps all living
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FLOOD It was the worst rainy weather I had seen. The skies remained overcast as sheets of rain poured down without stopping. In the evenings‚ the rain was usually accompanied by blinding flashes of lightning and deafening peals of thunder. Most of the residents in my area remained confined indoors. Apart from people scurrying to and from work and school‚ there was little outdoor activity. The town where I live‚ Kuantan‚ faces the Pahang River. After three days of incessant rain‚ the swollen river
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