The Sarbanes Oxley Act‚ 2002 Impact on Enron Derrick Love California State University San Bernardino MGMT 355-01 Dr. Coates November 20‚ 2014 Abstract I have chosen “The Sarbanes Oxley Act‚ 2002” as my law and the Enron Company as my corporation. The Sarbanes Oxley Act‚ 2002 is a law that has been put in place in the public interest or for the protection of investors‚ and in furtherance of this Act. The law read as follows‚ The Commission shall promulgate such rules and regulations
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The Black Death was and still is a very deadly disease. There were many effects it had on the trading economy. Also‚ “The Black Death” is still being carried around today‚ but it is very rare. The Black Death spread as quickly as it did because Europe was becoming richer‚ and trade was widespread. The Black Death had many names like “The Black Plague‚” but one of the less common names was Zoonosis. Zoonosis is a word people used for all sorts of life threatening diseases. They used zoonosis so people
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The collapse of the economy was a devastating blow to the national morale and left the nation in financial ruins. In 1931‚ Franklin Delano Roosevelt was elected president on campaign promises to restore jobs and prosperity to the country. His proposal‚ the New Deal‚ fundamentally changed the nation. The New Deal affected the country by providing jobs and was to be a means of giving the nation a sense of hope. However‚ despite the positive actions that took place‚ the New Deal did not fix the job unemployment
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One of the most important thing that Ford had done was adopt the moving assembly line in 1913. This contributed to more people owning cars‚ which in turn stimulated the economy and increased the need for supplies. Spurring consumerism within the nation‚ Henry Ford and the automobile were great for a number of things in the economy. As mentioned before‚ Henry Ford had established his company‚ Ford Motor Company‚ in 1905. In 1908 he introduced his first vehicle‚ the Model T which sold 34‚000 cars
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process‚ only to be defeated. For the most part the Vietnam War had caused the United States major repercussions. The Vietnam War had established negative issues on the economy‚ foreign policy and immigration in the United States. The Vietnam War affected the U.S. economy in a negative fashion which ultimately led the country’s economy for the worst. “DEMOCRATS AND REPUBLICANS ignored the economic turmoil of 1971 during the presidential election of 1972. The scripts were written from memories of 1964
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Natural Gas‚ became CEO‚ and the next year won the post of chairman. From the pipeline sector‚ Enron began moving into new fields. In 1999‚ the company launched its broadband services unit and Enron Online‚ the company’s website for trading commodities‚ which soon became the largest business site in the world. About 90 per cent of its income eventually came from trades over Enron Online. Growth for Enron was rapid. In 2000‚ the company’s annual revenue reached $100 billion US. It ranked as the seventh-largest
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Business Ethics Enron Case 1. Using the options market more for gambling purposes to cover loss rather than insurance. The culture was if one of their employees was making a lot of money they didn’t ask questions they didn’t look too deep into where the money was going they eventually gave these people more money to spend and use‚ what they realized later on was that that employee wasn’t very good. They were just lucky one time. They made some losses and had to get that loss back so they put
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could have prevented the fall of Enron. First of all‚ if the board of directors made the right strategies for Enron rather than created hundreds of SPEs to remove assets and debts off balance sheet‚ the picture of Enron could have made a difference. Secondly‚ if the audit committee of Enron could point out all those aggressive and risky accounting treatment and propose solutions‚ then the afterward damages could be eliminate or at least minimized. c. The BOD of Enron should have known about the risks
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And it came close to triggering several other literal explosions. Global economy changed abundantly because of the cold war. Fighting broke out in many developing countries‚ stunting the growth of their economy‚ and widening the gap between the poor and rich. Other developed countries spent exorbitant amounts of money stockpiling weapons. Although the cold war did not have all good effects on the economy‚ it did lead to more international trade. Some corporations started to become established
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Great Depression affected everyone in America. Families were forced to leave their homes‚ northern cities became over populated‚ artists were inspired‚ and the president was given a bad reputation. The Great Depression majorly hurt the American economy. In October of 1929‚ when the stock market crashed‚ a total 12.9 million shares were traded (History.com Staff “The Great Depression”). The stock market crash triggered the Great Depression in America. Any American that had invested in the stock market
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