Case Name Continental Airlines‚ Inc. v. McDonnell Douglas Corporation‚ 216 Cal.App.3d 3888‚ 264 Cal.Rptr. 779 [1](1990) Court of Appeals of California. Statement of Facts At Los Angeles International Airport‚ a horrible accident by a continental DC-10 took place On March 1‚ 1978. According to some continental airlines experts the reason behind the accident was “two tires burst on the left landing gear”1. Despite the efforts of the captain to stop the plane‚ it was too late to control a
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practices substance-over-form‚ then the financial statements will show the overall financial reality of the entity. This concept becomes even more relevant when transactions may not be made at arms-length‚ often involving related parties. This was the case with Lincoln Savings and Loan complex real estate transactions. Arthur Young should not have accepted the questionable documentary evidence provided by Lincoln employees to corroborate the savings and loan’s real estate transactions. Auditors have
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Reaction Paper on Enron Case September 9‚ 2013 Summary: Enron’s origins date back to 1985 when it began life as an interstate pipeline company through the merger of Houston Natural Gas and Omaha-based InterNorth. Kenneth Lay‚ the former chief executive officer of Houston 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
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Additional Cases for the Course The case readings have been developed solely as a basis for class discussion. The case readings are not intended to serve as a source of primary data or as an illustration of effective or ineffective auditing. Reprinted by permission from Jay C. Thibodeau and Deborah Freier. Copyright © Jay C. Thibodeau and Deborah Freier; all rights reserved. 1••• ( Case 61 ® Enron Enrori’s First Few Years hi~ 1985 Enron had assets along the three major stages of the supply
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Some principles and ideas of many cases dealing with Common Law and statues are the common idea of good faith and fair dealing‚ breach of contract or no contract and means to agreements and ruling. The common idea of good faith and fair dealing is normally used when there are technical excuses for a breach of contract or specific wording. This principle may be used in different occasions such as fraud (McClain v Octagon Plaza)‚ question of fact (Shah v Cover-it‚ Inc)‚ unfair and unjust enrichment
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ACCT622 -Advance Auditing Case 1.5 Leslie Fay Company Critique Case Discussion and Summary I felt the case discussion and summary was well done. It included the majority of the essential components of the case and the facts were summarized in a very organized fashion. The one item I did not find in the summary and the discussion is the final results of the case. After reading the summary it would have been helpful to include a summary of findings from the 600 page audit committee report submitted
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internal control over financial reporting c a S eS inc lu de d in t hiS Se ction 5 155 155 165 169 177 185 195 5.1 Simply Steam‚ Co. 5.2 Easy Clean‚ Co. . . . . . . . . . . . . . . . . . . . . . . . . . . . Evaluation of Internal Control Environment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Evaluation of Internal Control Environment . . . . . . . . . . . . . . . . . . . . . . . . 5.3 Red Bluff Inn & Café 5.4 St. James Clothiers Establishing Effective Internal
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♥ ILOVEYOU ♥ Oria Vs McMicking Source: www.lawphil.net Art. 1387. All contracts by virtue of which the debtor alienates property by gratuitous title are presumed to have been entered into in fraud of creditors‚ when the donor did not reserve sufficient property to pay all debts contracted before the donation. FACTS Gutierrez Hermanos filed an action for recovery of a sum of money against Oria Hermanos & Co. and herein plaintiff filed an action for recovery also for the same defendant
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A. The name and citation of the case (5 points) John Hollar‚ Individually and as Fiduciary of the Estate of David Holla‚ Plaintiff vs. Philip Morris Incorporated‚ et al.‚ Defendants Case No. 1:97 CV 00667 B. the name of the court which decided the case (3 points); United States District Court For The Northern District Of Ohio‚ Eastern Division C. the year of the decision (2 points); 1998 D. the facts of the case (5 points) Defendants‚ tobacco company‚ tobacco institute‚ tobacco research
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so they can fulfill their assigned responsibilities. This report will explain how all three conditions were present in Anna’s actions‚ how Max and Company failed to uphold quality‚ and describe Anna’s background. Body In the Maxwell case three elements where present that allowed fraudulent activities to occur in the Rusher Automotive company. The first element discovered was opportunity. Maxwell & Company assigned one accountant‚ Anna Thomas‚ to this client‚ Rusher Automotive. Anna
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