Note Arthur Andersen: Shredding the Reputation and Viability of a Once Venerable Accounting Firm |CASE SUMMARY | Four days before the high-flying‚ energy-trading giant‚ Enron‚ disclosed a $618 million loss for the third quarter of 2001‚ an attorney for Arthur Andersen‚ the accounting firm that audited Enron’s books‚ wrote a memo to Andersen employees
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economics Professor Arthur Andersen started the accounting firm Arthur Andersen & Co. Arthur Andersen as an accounting firm to offer certification for corporate balance sheets 1. Arthur Andersen & Co. created an initial setup of the consulting unit when it formed the Administrative Accounting group in 1942. The Administrative Accounting main tasks were developing systems related to accounting ‚ and different methods and procedures for Arthur Andersen clients. In the 1950s‚ Arthur Andersen starts giving
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Faulty Parallelism 1. What counts isn’t how you look but your behavior. What counts isn’t how you look but how you behave. 2. The president promised to reform health care‚ preserve social security‚ and a balanced budget. The president promised to reform health care‚ preserve social security‚ and balance the budget. 3. He described skiing in the Alps‚ swimming in the Adriatic‚ and the drive across the Sahara Desert. (faulty parallelism) He described skiing in the Alps‚ swimming in
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died from a faulty gun. Add a sentence here. He claimed‚ that Remington has so many 700 models on the market that it is impossible to recall them all back. Specifically he claimed that Remington will never admit that their products are faulty. As the interviewee said‚ “You cannot admit wrongdoing when you have seven million of these things on the market.” Although some people believe that it is impossible for a gun to go off without a trigger being pulled‚ Chaffin insists that the faulty Walker trigger
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Arthur Andersen LLP v. United States The parties: In Arthur Andersen LLP v. United States‚ the plaintiff was the United States. The United States was also the Appellee. Arthur Andersen is the defendant as well as the appellant. The history: Arthur Andersen was found guilty at the jury trial. The U.S. Court of Appeals for the Fifth Circuit also affirmed him guilty. The U.S. Supreme Court reversed Andersen’s convictions due to “flawed jury instructions.” The facts: Arthur Anderson formed a crisis-response
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Vioxx Decisions – Were They Ethical? In the late 1990s‚ a pharmaceutical company called Merck was a leader in this industry. The pharmaceutical industry required millions of dollars and great amounts of time to be invested in research and development. From 1995 to 2001‚ Merck was successful in releasing 13 major drugs into the market. One of these drugs was one that would treat rheumatoid arthritis. The drug‚ Vioxx‚ acquired the approval of the Food and Drug Administration (FDA) in May 2009 (Cavusgil
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Immorality of a Faulty Reality Characters that choose to live in faulty reality create an immoral environment for those closest to them and those who experience their change. For example‚ in a novel or play‚ characters’ immoral behaviors change the perspective on the reader. The Merchant of Venice by William Shakespeare and A Street Car Named Desire by Tennessee Williams are prime examples of this hypothesis. Shylock and Blanche‚ the respective protagonists‚ constantly struggle with their faulty sense of
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People make bad decisions in their life and the choices that they made usually affect them later on. Most of the time they get in trouble for their choices. Then there are some people that lie and try to get out of trouble. The Crucible‚ was about affairs‚ accusations‚ and innocent people being accused of witches. The accused had the choices to confess and not get hanged‚ or to not confess and get hanged. Many of the accused lied so that they would not get hung. Instead they got jail time. Last
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Marketing: The Only Route to Sustained Competitive Advantage Report for the attention of the main board of Andersen Module Title: Marketing Management Ulster Business School University of Ulster Student No: Word Count: 1997 TABLE OF CONTENTS 1. INTRODUCTION 1 2. CURRENT MARKET AND COMPANY POSITION 1 2.1 Overview 1 2.2 Environment and Customer Needs Analysis 1 2.3 SWOT Analysis 2 Strengths 3 Weaknesses 3
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has affected their future. This is teaching that every action someone takes has a consequence‚ whether good or bad. Three characters who made poor decisions that had a negative impact for their future were Julius Caesar‚ Fred Collins‚ and Arthur Dimmesdale. In The Julius Caesar Play‚ the main character‚ Julius Caesar‚ made a choice to not listen which resulted in his death. Julius Caesar is a story about a man who returns from war after defeating Pompey. The townspeople do not like caesar especially
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