Evaluate the auditor’s role in the certification of the financial statements and conclude whether its work is effective in preventing major scandals on the lines of Enron and Worldcom. 1.0 ABSTRACT 2.0 ENRON-CORPORATE FIASCOS 3.0 HOW DID THE AUDITORS FAIL TO CATCH PROBLEMS AT ENRON? 4.0 HOW TO PREVENT RECURRENCE OF ENRON? 5.0 NEW RESPONSIBILITIES OF AUDITORS ACCORDING TO SARBANES-OXLEY ACT 2002 6.0 CONCLUSION 7.0 REFERENCES 1.0 ABSTRACT The responsibility of an auditor is to express
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Decent Work and Industrial Relations in Gurgaon: For this study a total of 8 representatives from the below Organizations were interviewed: 1. Provisional Working Committee – Maruti Suzuki Workers Union 2. Mazdoor Ekta Manch 3. Garment and Allied Workers Union 4. Automobile Industry Contract Workers Union 5. Hind Mazdoor Sabha The primary data was collected through semi structured interviews oriented towards the Decent Work agenda and its application in their appropriate industry. Secondary data
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Enron Scandal Enron was able to successfully engage in fraudulent financial activities due to the failures of corporate governance practices in addition to other relevant factors. This paper will briefly cover some of these issues and offer suggestions for prevent similar future malpractice. External Corporate Governance The key external governance failures in the Enron Scandal involve oversights by regulators‚ creditors‚ auditors‚ and investors at large‚ with particular focus towards Enron’s ambiguous
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•Concepts of Unity and Integration •Concept of Plural Society •Ethnic Relations in Malaysia •Theory of Racial Relations •History of Ethnic Relations •Forms of Ethnic Relations •National Integration Problems •Obstacles to National Integration •Causes and Reinforcing Obstacles to Integration •The strive towards Unity and National Integration •Political Efforts •Economic Effort •Social and Cultural Effort •The Basis of Racial Unity in M’sia •Sharing of Political Power •Democratic Govt
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Enron Essay Enron was a company that was founded in 1985‚ who started Enron was Kenny Lay. Enron first started with natural gas pipelines company from the merge with Houston Natural Gas. In 1999 Eron expanded in different fields like‚ financial division and the website that allowed the traders to trade stocks of the company. The persons who help Kenny Lay with the fraud in Enron where‚ Jeff Skilling who was the CEO of Enron‚ Andy Fastow who was the CFO and Official Financial. Fastow cook the
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Bigger than Enron There were a number of actions in the film "Bigger than Enron" that led to the changes in the Sarbanes-Oxley bill. The companies that were much of the reason for these reforms were Enron‚ Sunbeam‚ and Anderson‚ and companies connected with them. Enron did a number of things that had a part in the reform of the Sarbanes -Oxley bill. Enron would hide or modify information in order to make it look as though there profits were growing year after year. One way they did this was
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Enron was an energy company based in Huston‚ Texas. It was one of the innovative and also one of the seven largest company in the United States in 1990s. It had about 20‚000 employees at that time. The company was making profit from supplying natural gas and electricity until the late 1980s‚ but after that it expanded its operation to the trading of energy related financial products such as derivatives. Enron looked like a great company that makes a lot of profit however‚ in 2001‚ after the firm’s
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INSURANCE INDUSTRY AND PUBLIC RELATION: THE NEED FOR STRATEGY REVIEW By Sunday S. Akpan Department of Banking‚ Finance and Insurance University of Uyo‚ Uyo‚ Akwa Ibom State Nigeria Abstract. This paper investigates the Nigerian Insurance industry from the perspective of public relations. This investigation becomes imperative now that all efforts are geared toward restructuring virtually every sector of the economy for sustainable growth and development. The insurance industry has suffered poor
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1. Identifying details Name: Katrina Katryn Age: 20 Gender: Female Marital status: Single Dependents: N/A Highest level of education: Matric Present occupation: Student (Psychology 1st year) Reason for referral: Self exploration‚ dealing with the past‚ improving interpersonal experiences. Referral source: Self-referred 2. Presenting problem She experiences considerable anxiety in interpersonal situations. In addition she has feelings
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The accounting scandal at Enron which occurred early during the last decade involved the manipulation of accounting rules in order to enrich the company’s executive leadership. Hence‚ while accounting techniques facilitated the Enron scandal it is more of a tale that is related to the hubris of the firm’s top executives and their deep-seated greed. Evidence that hubris and greed was more of the driving force than the actual manipulation of accounting rules for the Enron scandal is evident in the
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