4052720 registration Management of vehicular traffic flow through advanced communications network and technology; Providing road and traffic information; Traffic information services; Transportation consulting services; Transportation information Lucent Group Incorporated April 5‚ 2011 4. 3234940 Registration Floor finishing preparation Buckeye International‚ Inc. June 15‚ 2005 5. 3330996 Registration MEDICAL DEVICES‚ NAMELY VERTEBRAL BODY REPLACEMENTS‚ SPINAL PROSTHETICS‚ SPINAL FUSION IMPLANTS
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millions of people‚ including workers and investors. All of the ethical scandals we researched were related to accounting frauds; mostly falsifying records on the accounting books such as unrecorded debts and higher assets. These actions led to non-existent company profits; ultimately misleading investors to become shareholders of what they thought were “good companies”. Arthur Andersen LLP was one of the “Big Five” accounting firms before having to surrender its licenses to practice as Certified
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occupational medical services. The company experienced rapid financial growth and numerous mergers and acquisitions in the mid-1990s‚ which continued to escalate until the fraudulent activity surfaced in 2002. It was at this time that the Enron and WorldCom scandals were discovered and the Sarbanes-Oxley Act was created. Pressure to meet Wall Street expectations pushed Scrushy and other senior management to “cook the books”. Income was artificially inflated‚ numbers were manipulated‚ and false accounts were
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the fact that David Myers’ superior‚ Scott Sullivan‚ asked him to make the false accounting entries in WorldCom’s Accounting records diminish Myers’ responsibility for his improper conduct? Defend your answer. I don’t think David Myers’ responsibility for improper conduct diminishes even he is asked by his superior‚ Scott Sullivan. Scott Sullivan has his own fraud because he agreed and goes along with false accounting entries that eventually become part of an 11 billion fraud. Scott will get his punishment
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There has always been a need for forensic accounting to investigate fraudulent activities for accountants and law enforcement professionals. Although there are initiatives in accounting education which focuses on the importance of accounting instructions and these initiatives also teaches students on how to learn accounting education and emphasize continuous lifelong learning and out-come –based assessment. Forensic accounting is a complex whole of accounting‚ auditing‚ economics‚ business concepts
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We should not be too much or less. A lot of money that come fast also can be gone fast also. Be careful before spend money or invest for something. Get the lower chance but more stable is better. 2. What is the relationship between the financial scandals and Corporate Governance? Corporate Governance is a system of rules‚ practices and processes by which a company is directed and controlled‚ which involves the alignment of interests among the stakeholders. After the early 2000s‚ the massive
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usatodaycollege.com Accounting fraud Part II: The results “Creative accounting” is not a new technique‚ but it can certainly be a costly one. Businesses feel the pressure to appear profitable in order to attract investors and resources‚ but deceptive or fraudulent accounting practices often lead to drastic consequences. Are these so-called creative practices always illegal or can they ever be justified? This case study will present examples of companies who have used inappropriate accounting practices‚
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in Mississippi. The later location of WorldCom’s headquarters‚ Clinton‚ Georgia‚ had been the same small town where her and her husband had gone to high school. She then went on to Mississippi State University to obtain a bachelor of science in accounting and then a master of science in accountancy from University of Alabama. She became a highly qualified accountant after working at both PricewaterhouseCoopers and Deloitte & Touche in Atlanta. In addition‚ becoming a Certified Public Accountant (CPA)
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COMSATS INSTITUTE OF INFORMATION TECHNOLOGY CORPORATE GOVERNANCE : ACCOUNTING SCANDAL SUBMITTED To : Sir. Javaid Zafar Submitted by : Sana Munir MBO - II CORPORATE GOVERNANCE TABLE OF CONTENTS 1 COMPANY INTRODUCTION AND HISTORY................................... ...3 2 CORPORATE BUSINESS ACTIVITIES..............................................6 2.1 Rehabilitation Hospitals.................................................................6 2.2 Outpatient Therapy Services.....
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“Accounting did not cause the recent corporate scandals‚ unreliable financial statements were the results of management decisions‚ fraudulent or otherwise”. (Lin & Wu‚ 2006‚ para. 5) Waste Management‚ HealthSouth‚ Enron‚ Satyam and Madoff are just a few names that come to my mind when I think of fraudulent accounting. Disguised loans‚ inflated income‚ improper accounting and misstated earnings‚ different words all describing the same thing‚ FRAUD. Fraud affects the company‚ the consumers
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