• Lehman Brothers
    in debt, Lehman Brothers bankruptcy filing was the largest in history, as its assets far surpassed those of previous bankrupt giants such as WorldCom and Enron. Lehman was the fourth-largest U.S. investment bank at the time of its collapse, with 25,000 employees worldwide. Lehman had been unhealthy for...
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  • Business Ethics
    Abstract In this paper the ethical issues which lead to the demise and dissolution of the large American corporations Erron and Worldcom. It will also include a description of the major factors that came into play and ethical violations specific to their down fall. This paper will conclude with a summary...
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  • Addressing Cultural and Gender Differences
    to address and change would involve the ethical responsibility of our executives. We would need to work diligently to ensure that scandals like those at Enron and WorldCom don't take place in our organization. We would need to fully comply with the Sarbanes-Oxley Act of 2000 to thwart against creative...
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  • International Financial Report
    Corporate Scandals in Enhancing Financial Reporting Abstract This report presents the importance of financial reporting to corporate governance. It also discussed how corporate scandals enhance financial reporting. It focused on the case of Enron, WorldCom...
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  • Sarbanes-Oxley
    the securities and exchange commission.” These issues were identified after a series of congressional hearings on the Enron, WorldCom and Tyco scandals (called the big three scandals) that unfolded between 2000 and 2002. The act created new standards for corporate accountability as well as new penalties...
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  • Corporate Scandalsf in Enron and Worldcom
    write-up is to account for the causes of corporate Scandals in Cadbury Nig. Plc, ENRON and WORLDCOM by identifying the nature of scandal and the extent of involvement of internal and external auditors It is a well known fact that corporate scandals are the principal ingredient responsible for the downward...
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  • The Ethics of Creative Accounting
    stipulate to the more deceitful approach of accomplishing their goals at any moral or ethical cost. When developing an accounting curriculum, it is solution to connect both students and professionals with situations that require ethical responses. It is sometimes not enough to rely on the "if-then" symbol...
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  • Business
    ICBER 2011) PROCEEDING nd nd LEGAL ISSUES ON THE SCANDALS INVOLVING AUDITORS Loganathan Krishnan1 Abstract There is a need to clarify the duties and obligations of auditors due to the recent spate of financial scandals. All the scandals involve big auditing firms. This is so although there has...
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  • Sox 2002
    now commonly referred to as the SOX act, was passed in 2002 in response to questionable accounting practices raised by a public outcry against past scandals. Paul Sarbanes and Michael Oxley were concerned about the economic threat if the distrust and lack of confidence from the public continued due to...
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  • Hello : )
    Enron investors to predict a companys future economic success. In conclusion, Enron, WorldCom and other financial scandals have brought more awareness to investors... Premium The Unethical Business In The Telecommunication Industry The overcharging behaviour of AT&T Recommendations for telecommunication...
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  • Enron and Worldcom Scandals
    Enron and WorldCom Scandals Matthew Morrison ACC/260 8/18/12 Enron and WorldCom Scandals Question number one of the Enron case focuses on the corporations that got Enron into its difficulties these were the special purpose entities for joint partnerships...
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  • Case Study
    Enron Corporation began as a small natural gas distributor and, over the course of 15 years, grew to become the seventh largest company in the United States. Soon after the federal deregulation of natural gas pipelines in 1985, Enron was born by the merging of Houston Natural Gas and InterNorth, a Nebraska...
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  • Worldcom & Enron Fraud & Bankruptcy
    WorldCom Fraud & Bankruptcy (21/07/2001); Assets: $107 billion Long Distance Discount Services, Inc. (LDDS) began in Hattiesburg, Mississippi. in 1983. The company name was changed to LDDS WorldCom in 1995, and later just WorldCom. The company’s growth under WorldCom was fueled primarily through acquisitions...
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  • Corporate Governance - Satyam & Enron Case Studies
    2 | Enron – An overview | 7-10 | 3 | Journey from Enron corporationTo Enron creditors recovery corporation | 10-14 | 4 | Enron’s injured parties | 14 | 5 | Lessons to be learnt | 15-16 | 6 | Satyam – An overview | 17-21 | 7 | The Satyam Scandal | 21-27...
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  • Sarbanes Oxley
    Sarbanes-Oxley law. Businesses are accountable for avoiding the major problems that have historically led to debacles such as Enron and WorldCom. "The Sarbanes-Oxley solution is to place legal restraints on certain behaviors, to make responsibilities more explicit, and to require certain information...
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  • Enron
    The accounting scandals of Enron, WorldCom, and others, which unraveled in the last few years, have changed the accounting and financial world. The scandals revolved around fraudulent accounting practices, deceit, and lack of business ethics, not to mention greed. The scandals cheated thousands of people...
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  • Business Scandles Corp America
    Business Scandals in Corporate America Corporate executives in handcuffs. A declining stock market with losses of approximately $8 trillion in investor wealth over a two-year period. Reform legislation to overhaul accounting procedures. Resignations at the Security and Exchange Commission. $1 billion...
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  • History of Sox
    high profile cases of corporate corruption and failure when congress embraced this act. SOX is legislation enacted in response to the Enron and WorldCom financial scandals to protect shareholders and the general public from accounting errors and fraudulent practices. The Securities and Exchange Commission...
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  • Auditing Self Regulation and Government Regulation
    of oversight with varying degrees of success. Nevertheless, it used to be self-regulating. But a series of financial scandals involving once prominent companies such as Enron, WorldCom and Parmalat lead the authorities to consider whether the accounting profession's self-regulatory oversight system was...
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  • Business Ethics
    events as those scandals continue to unfold.   So this paper will focus on three companies that have become symbols of our time for their unethical practices; Enron, WorldCom and Arthur Andersen.   Each company will be reviewed with a company synopsis, the events leading up to the scandals and the resulting...
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