Nazeeha Badran October 30‚2012 PTL Club clear-The Harbinger of things to come? 1. What similar factors led to the demise of both Laventhol &Horwath‚ and Anderson? Both Laventhol and Horwath‚ and Arthur Anderson accepted clients that were risky just to keep their revenues up. L&H knew there were things wrong with PTL‚ especially since they were doing things that were hidden from the Board‚ like the payroll account book‚ which was secret. The Bakker’s would call the senior L&H
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Case study PTL Club-The Harbinger of Things to Come? 1) To see how similar the cause of collapse of both Laventhol & Horwath and Andersen‚ let’s examine these two cases from two perspectives. a. From the clients’ side The last straw which led to the demise of these two CPA firm were PTL club to L&H and Enron to Anderson. PTL Club had a very weak internal control. As it is pointed out in the case‚ whenever Jim Bakker needed money‚ he could just simply make a board member introduce
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the plaintiffs name so many entities in their lawsuit? Merrill Lynch and Credit Suisse asked a U.S. appeals court to rule that the complaint should not have been certified as a class action suit. Why would these entities make such a claim? Case # 2 PTL Club–The Harbinger of Things to Come? P. C5 DISCUSSION QUESTIONS 1. What similar factors led to the demise of both Laventhol & Horwath and Andersen? 2. The AICPA stated that the profession must learn from past cases to prevent reoccurrences of similar
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Clubbing and All its Benefits College clubs have been a part of university life since the very first fraternities and sororities were created. If the student so chooses‚ he or she can make college an experience to remember by joining a club. They range from things like journalism and math to sports such as soccer or lacrosse. People who join these clubs tend to have a background in the topic or at the very least‚ an interest in learning about it. There is a club for everything you can think of‚ and
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report is “ Competing in the Adult Night Club Industry “ . The subject sparked my interest when I over heard a classmate saying she wanted to own a “strip club”. I also had thoughts of one day opening my own “gentlemen’s club”. Typically when you think of a “strip club” you think of a low class‚ raunchy‚ place filled with criminals‚ but contrary to some beliefs that isn’t always the case. There is an upscale adult entertainment venue called a “gentlemen’s club”. We both had made reference to the recent
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the group i want a talk about its the sierra club‚ it was found in 1892 the sierra club is the oldest grassroots environmental organization in the united states. the organization was founded in may 28‚ 1892 by a san francisco group of proffersors‚ businessmen and other professional led by john muir‚ john muir was a Scottish-born American naturalist‚ author‚ and early advocate of preservation of wilderness in the United States‚ the sierra club serves to protect land primarily in the united states
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Sam’s Club Stack it high and sell it cheap! Written by Clayton J. Macy Sam’s Club A Cathedral of Consumption Sam’s Club‚ is most certainly‚ a cathedral of consumption. Sam’s Club has contributed to individuals consuming far more than they need to consume. It has become a place of hyper-consumption and their great size is enchanting to many shoppers. Thus going to Sam’s Club has become a "family outing" for some people. Above all‚ Sam’s Club is an evolution on a scale that is easy
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” These are the closing words to David Fincher’s Fight Club. Released in 1999 by Fox Studios‚ it stars Edward Norton‚ Brad Pitt‚ and Helena Bonham Carter. The film is a contemporary art piece that speaks the language of the modern emasculatedmacho man. It contains considerable amounts of violence that some would call gratuitous or senseless‚ but is in fact an attempt to speak metaphorically towards a deeper meaning. Fight Club ‚ like all art‚ is a reflection of our culture. It attempts to speak to us about
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The Psychology of Fight Club The movie Fight Club features a story that‚ on the surface‚ appears to be about an underground boxing club‚ but goes much deeper. It focuses around one man‚ the Narrator‚ whose name is never revealed. The Narrator‚ like everyone else in the world‚ is looking for fulfillment in life‚ but tries to obtain it by odd means. His first obsession that we notice seems ordinary and quite common: his IKEA furniture collections. It then starts to get a little bit more unusual when
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promised ourselves‚ and sometimes others‚ that we would do‚ and they cannot be forgotten. As Key Club representatives‚ we have a duty to keep our club running smooth throughout the year and finish out the year strong. It is important to fulfill end-of-the-year obligations for Key Club because others are dependent on us. We are a team and we all depend on each other in order to have a successful club. Officer elections being held mean that there is now a new staff‚ a new team‚ a new group of people
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