The Hayward fault Our first stop was at founder’s rock. The founders’ rock is a huge rock close to the foothill dormitory and it’s where the founding fathers of Berkeley decided to build the university. They decided to build the university here because of their agriculture. Berkeley‚ has a creek running‚ to be more precise‚ Berkeley had various creeks running. Therefore‚ water is easily accessible‚ so they decided to build the university to have easy access of water and great soil. However‚ what
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Mr. Red Feliciano Enron Corporation’s Case Analysis Reference: Auditing and Assurance Principles by Jose Ireneo‚ Shirley Ireneo and George James 1. A. Fastow is one of the most responsible because being the Chief Financial Officer or CFO of the Enron corporation‚ he had a major influence. He was guilty of fraud‚ money laundering‚ inside trading‚ and conspiracy‚ among other crimes. Due to his acts such as misleading Enrons board of directors and audit committee on
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1. What did Arthur Andersen contribute to the Enron disaster? Arthur Andersen (AA) contributed to the Enron disaster when AA consulting became its own separate entity‚ named Accenture. Revenues from consulting services surpassed revenue from auditing services. A natural competitiveness grew between the two rivals and this is where the problems began to start. Management held maximinizing revenues as their primary focus of success and promotions/bonuses were based on this factor. The CEO of AA‚ Joe
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CASE STUDY. my personal point of view.. 3. IF ALL PUBLICLY TRADED FIRMS ARE OPERATING WITHIN THE SAME BASIC CORPORATE GOVERNANCE SYSTEM AS "ENRON"‚ WHY WOULD SOME PEOPLE BELIEVE THIS WAS AN ISOLATED INCIDENT‚ AND NOT AN EXAMPLE OF MANY FAILURES TO COME? The answer to this question lies within the minds of the Enron Managers rather than with the business environment. Most likely‚ these managers are well-educated and may have come from rich families. If this is so‚ then the logical thing
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Parmalat It has been named as “Europe’s Enron” – the legend that took down Italy’s milk selling company Parmalat and its controlling executives‚ American banks‚ audit firms‚ even politicians and 130‚000 of its helpless small shareholders after the discovery in the year 2003 of the $14 Billion black hole in the company’s finances. The company’s fraud was uncovered when the company failed to pay the cash to the bondholders. Summary: This discovery led to eight years of court cases in Europe
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Most of this terrane are known as groups of rocks that are surrounded by faults‚ different types of fossils‚ and other types of physical properties. Due to the Pacific Plate subducting beneath the North American plate‚ it creates the Denali fault system. Denali consists of a right lateral strike-slip fault over 720 miles long (Sharpe). This strike-slip fault is a part of the larger fault system which includes the San Andreas Fault system in
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1. Describe the situation at Lehman Brothers from an ethics perspective. What’s your opinion of what happened here? To attribute Lehman’s failure to “unprecedented adverse events in the financial markets” completely overlooks the irresponsible ethical behavior of employees and managers. Students should mention the culture of corruption that existed at Lehman’s and the lack of controls that ultimately resulted in their downfall. An interesting finding was the acceptance of a rule‚ Repo 105‚ that
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and Achilles‚ the Achaeans’ most important general and greatest warrior. According to ancient Greek values‚ as well as the ancient Greek cosmology‚ Agamemnon is at fault because he violates the citizen-king bond‚ fails to demonstrate the concept of “heart”‚ and exhibits hubris; the one truly unforgivable “sin”. These three faults are shown coinciding with one another‚ as well as separately throughout the epic. The first time that Homer brings attention to these violations is at the beginning of
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Movie Ratings Rough Draft Over the past sixty years movies have been a big part of the American society‚ the stigma of going to the movies is one of the most exciting‚ rating near the top with amusement parks and laser tag. The idea of going to the movies was created to let people relax and enjoy the time spent hanging out with friends. As the years have progressed the ratings have become worse and worse to the point where parents have become hesitant to let their children enjoy their selves at
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Fault This article includes a list of references‚ but its sources remain unclear because it has insufficient inline citations. Please help to improve this article by introducing more precise citations. In an electric power system‚ a fault is any abnormal electric current. For example‚ a short circuit is a fault in which current bypasses the normal load. An open-circuit fault occurs if a circuit is interrupted by some failure. In three-phase systems‚ a fault may involve one or more phases and ground
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