HealthSouth Fraud Richard Scrushy was the founder of HealthSouth he graduated from Jefferson State Community College and become a registered respiratory therapist after studying at Alabama Birmingham University. He later went to St. Louis and became the regional director of the respiratory therapy department at Lifemark. He eventually moved to Houston and became the COO. In 1984 He left to follow his dream of creating a rehabilitation center in Little Rock. The company changed their name from Amcare
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Fall 10 [Management 3200 – Business & Society 08 Fall I. Background Information a.) HealthSouth Corp. is the nation’s largest provider of rehabilitation‚ outpatient surgery and diagnostic services. Now however‚ it is the nation’s largest inpatient rehabilitation hospital. * At the company’s height in 2003‚ it recorded nearly $4.5 billion in revenue‚ dominated the rehabilitation‚ surgery and diagnostic services market and employed more than 60‚000 people at 2‚000 facilities
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HealthSouth is an inpatient rehabilitation company that owns and operates over 125 hospitals across the country and in Puerto Rico. I began working for HealthSouth in January of this year and will use my organization for this class. Our company serves patients who are overcoming debilitating illnesses such as stroke‚ head injury‚ multiple trauma‚ and orthopedic conditions to name a few. The focus is to work as a team in an interdisciplinary and collaborative manner in order for the patient to gain
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ISSUES IN ACCOUNTING EDUCATION Vol. 28‚ No. 4 2013 pp. 901–912 American Accounting Association DOI: 10.2308/iace-50542 Lessons of the HealthSouth Fraud: An Insider’s View Weston L. Smith INTRODUCTION T he night was December 6‚ 2005. I could not go to sleep. As I tossed and turned‚ my entire life replayed in my mind. How did I get to where I was? I went all the way back to my childhood. I was raised in a middle-income home with an older brother and sister and two loving parents. We were far from
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of the Enron Scandal The main problem of the Enron scandal was that they committed business fraud. This is what the root problem of the company was. The sad thing about the Enron scandal was that approximately 22‚000 men and women lost their jobs. Not only did it affect the people who worked for the company but the problem was that it also affected other accounting firms that worked directly with Enron‚ for example the company Arthur Anderson went under because of the Enron scandal and this also
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The Watergate Scandal Victoria Daniele Constitutional History May 19‚ 2013 The Watergate Scandal involved a number of illegal activities that were designed to help President Richard Nixon win re-election. The scandal involved burglary‚ wiretapping‚ campaign financing violations‚ and the use of government agencies to harm political opponents. A major part of the scandal was also the cover-up of all these illegal actions. The Watergate Scandal got its name from the Watergate office complex
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Corporate Scandal I. Olympus Updated: April 20‚ 2012 Olympus Corporation‚ founded in 1919‚ is a manufacturer of digital cameras and electronic equipment. Based in Tokyo‚ the multibillion-dollar company has operations worldwide. In mid-October 2011‚ Olympus was rocked by scandal when its former chief executive and president‚ Michael C. Woodford‚ who is British‚ was suddenly fired. The company’s chairman‚ Tsuyoshi Kikukawa‚ blamed a culture clash‚ but Mr. Woodford‚ a 30-year Olympus employee‚
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The fallout that accompanied the accounting scandals of the early 2000’s had an immediate impact on corporate business and accounting practices which is still being felt today. The collapse of Enron and its accounting firm Arthur Andersen‚ as well as the subsequent collapses of Worldcom and others have left a permanent mark on how corporate businesses and accounting firms are perceived and how they are regulated. It has also altered the experiences of students who are pursuing‚ or are considering
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Abstract - The Enron scandal is one of the biggest financial scams ever to take place and its root’s lie in the desire of the senior members of Enron to earn as much for themselves as possible and were assisted in this greatly by the negligence shown by their auditor’s and consultants‚ Arthur Andersen. Most of the debts and tangible assets of Enron were on the balance sheet of partnerships that were run by high-ranking officials within the corporation and these partnerships were recorded as related
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The Watergate Scandal The Watergate Affair‚ is the worst political scandal in U.S. history. It led to the resignation of the president‚ Richard M. Nixon‚ after he became implicated in an attempt to cover up the scandal. "The Watergate Affair" refers to the break-in and electronic bugging in 1972‚ of the Democratic National Committee headquarters in the Watergate apartment‚ and office building complex in Washington D.C. The term was applied to several related scandals. More than thirty
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