"Sox and enron and worldcom" Essays and Research Papers

Sort By:
Satisfactory Essays
Good Essays
Better Essays
Powerful Essays
Best Essays
Page 2 of 50 - About 500 Essays
  • Good Essays

    Ayusarita Satriani 311368 – IUP BUSINESS UGM Financial Management ENRON Resources: http://en.wikipedia.org/wiki/Enron_scandal ; http://news.bbc.co.uk/2/hi/business/1780075.stm; http://finance.laws.com/enron-scandal-summary Enron is an energy company that successfully grew from nowhere to be America’s seventh largest company‚ which has 21‚000 staff in more than 40 countries in 15 years. It was one of the world’s leading electricity‚ natural gas‚ communications‚ and pulp and paper companies

    Premium Bernard Madoff Fraud Ponzi scheme

    • 1126 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Worldcom

    • 1366 Words
    • 6 Pages

    Worldcom appeared to be a great success story. However‚ the success began to unravel with the accumulation of debt and expenses‚ the fall of the stock market‚ and long distance rates and revenue. It would take 2 years for the extent of these problems to become public‚ and accounting scandals like that of Worldcom would make history in the finance and telecommunication areas. While the intent is to make money to benefit a person or a group of people through illegal acts while disguising their illegal

    Premium Enron Accounting scandals Arthur Andersen

    • 1366 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    Worldcom Case

    • 1071 Words
    • 5 Pages

    3) Roots of the scandal The roots of the fraud and the role of internal auditors As explained above‚ the fraud was implemented by the former CEO Bernard Ebbers and commited by his financial director Scott D. Sullivan. The technique used by Worldcom was pretty simple; indeed‚ he cooked the books by saving pure operating expenses such as maintenance network in capital expenditure instead of expenses in order to hide its decreasing earnings and to maintain the price of Worldcom’s stock. In summary

    Premium Audit Auditing Accounting scandals

    • 1071 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    DIRECTOR’S RESPONSIBILITIES Is Legislation in Malaysia sufficient post Enron & Worldcomm? Abstract Directors being pillars of corporate governance (Cowan‚ 2004) should at all times act honestly and use reasonable diligence in the discharge of their duties. This is more so in light of recent major corporate issues like ENRON & Worldcomm in the United States and the Transmile case in Malaysia. In essence directors are agents of the company and as agents‚ they owe a duty of trust to the company

    Premium Board of directors Executive director Corporate governance

    • 1978 Words
    • 8 Pages
    Powerful Essays
  • Better Essays

    Worldcom

    • 1138 Words
    • 5 Pages

    Concepts a. (i.) According to FASB Statement of Concepts No. 6‚ paragraph 25‚ assets are probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events. They represent probable future economic benefits controlled by the enterprise. According to FASB Statement of Concepts No 6‚ paragraph 80‚ expenses are outflows or other using up of assets or incurrences of liabilities (or a combination of both) during a period from delivering or producing

    Premium Depreciation Generally Accepted Accounting Principles Asset

    • 1138 Words
    • 5 Pages
    Better Essays
  • Good Essays

    WorldCom

    • 591 Words
    • 3 Pages

    CASE NAME: WorldCom: Keeping Planes In the Air 1. Briefly describe the important aspects of the situation. WorldCom had asked its accountant to make accounting entries dipping into reserves to help the company to meet its earnings target. WorldCom had been done these financial reserves for three quarters and intended to do so thereafter. The telecommunications industry was in a severe slump. WorldCom had a slow growth and rising cost. Vinson‚ who had done WorldCom’s accounting

    Premium Ethics Bookkeeping Accountant

    • 591 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Worldcom

    • 3836 Words
    • 16 Pages

    7/22/13 WorldCom Search » Ethics Home Page About the Center Focus Areas Bioethics Business Ethics Campus Ethics Character Education Government Ethics Internet Ethics More... Publications Ethics Articles Ethics Cases Ethical Decision Making Videos Ethics Blogs Podcasts E-letter/Subscribe Contact Us Site Index WorldCom1 By Dennis Moberg (Santa Clara University) and Edward Romar (University of MassachusettsBoston) An update for this case is available. 2002 saw an unprecedented number of

    Premium Stock Stock market

    • 3836 Words
    • 16 Pages
    Powerful Essays
  • Good Essays

    SOX research

    • 1686 Words
    • 5 Pages

    I. Background on SOX The Securities and Exchange Commission was created in 1934 to police the U.S. financial markets. The pioneers of the Securities Exchange Act of 1934 saw a close connection between protecting investors and maintaining a healthy economy. In the past years‚ the SEC did not provide the regulation and control that might have prevented the worst results of the first decade of the twenty-first century. Its failures were of two kinds. First‚ succumbing to the deregulatory environment

    Premium Internal control Enron Auditing

    • 1686 Words
    • 5 Pages
    Good Essays
  • Better Essays

    worldcom

    • 1438 Words
    • 6 Pages

    WorldCom Ethical Scandal In the late 1990’s‚ WorldCom was a successful company and leader in the telecommunications world. They had merged with MCI and the company was regarded for being innovative and growth hungry. However‚ in the midst of all the mergers WorldCom CEO Bernard Ebberly began to mismanage the company. WorldCom was no longer meeting their numbers and it looked like stock prices would fall. Rather than letting this happen‚ executives at WorldCom doctored the books. CFO Scott

    Premium Fraud

    • 1438 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Worldcom

    • 1499 Words
    • 6 Pages

    Q 1 Explain the nature of accounting fraud? A1. Background: The origin of WorldCom can be traced to the breakup of AT&T in 1983. The company began as Long Distance Discount Services Inc during 1983. LDD name was changed to WorldCom in 1995. To build the economies of scale that were critical success factor in long distance market it was imperative for WorldCom to grow its available volume off bandwidth as it lowered the per unit costs. Also the Telecommunication act of 1996 permitted long

    Premium Fraud Accounting scandals Generally Accepted Accounting Principles

    • 1499 Words
    • 6 Pages
    Powerful Essays
Page 1 2 3 4 5 6 7 8 9 50