"Sox and enron and worldcom" Essays and Research Papers

Sort By:
Satisfactory Essays
Good Essays
Better Essays
Powerful Essays
Best Essays
Page 5 of 50 - About 500 Essays
  • Good Essays

    Worldcom 2

    • 1228 Words
    • 11 Pages

    The WorldCom Fraud © 2003‚ 2005 by the AICPA This presentation is intended for use in higher education for instructional purposes only‚ and is not for application in practice. Permission is granted to classroom instructors to photocopy this document for classroom teaching purposes only. All other rights are reserved. Copyright © 2003‚ 2005 by the American Institute of Certified Public Accountants‚ Inc.‚ New York‚ New York. WorldCom’s Background • Awoke the sleeping giant by leading the telecom

    Premium Fraud Expense Financial audit

    • 1228 Words
    • 11 Pages
    Good Essays
  • Good Essays

    Worldcom Scandal

    • 582 Words
    • 3 Pages

    WorldCom Scandal Formerly known as WorldCom‚ now known as MCI‚ this U.S.-based telecommunications company was at one time the second-largest long distance phone company in the U.S. Today‚ it is perhaps best known for a massive accounting scandal that led to the company filing for bankruptcy protection in 2002. In 1998‚ the telecommunications industry began to slow down and WorldCom’s stock was declining. CEO Bernard Ebbers came under increasing pressure from banks to cover margin calls on

    Premium Corporate governance Fraud Bankruptcy

    • 582 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Worldcom Case

    • 708 Words
    • 3 Pages

    a- i) According to SCON 6 article 25‚ assets are probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events. Assets has three characteristics: it embodies a probable future benefit that involves a capacity or in combination with other assets‚ to contribute directly or indirectly to future net cash inflows‚ a particular entity can obtain the benefit and control others’ access to it and the transaction or other event giving rise to the

    Premium Generally Accepted Accounting Principles Liability Asset

    • 708 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Enron

    • 1272 Words
    • 6 Pages

    Under the common law‚ accountants may be found liable to the clients who hire them under several legal theories‚ including breach of contract‚ fraud‚ and negligence. Accountants owe a duty to use reasonable care‚ knowledge‚ skill‚ and judgment when providing auditing and other accounting services to a client. In other words‚ an accountant’s actions are measured against those of a “reasonable accountant” in similar circumstances. The development of GAAPs‚ GAASs‚ and other uniform accounting standards

    Premium Generally Accepted Accounting Principles Financial statements Enron

    • 1272 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    Enron

    • 313 Words
    • 2 Pages

    Enron 1. How did the corporate culture of Enron contribute to its bankruptcy? There was an overwhelming aura of pride‚ carrying with it the deep-seated belief that Enron¡¦s people could handle increasing risk without danger. The culture also was about a focus on how much money could be made for executives. For‚ example Enron¡¦s compensation plans seemed less concerned with generating profits for shareholders than with enriching officer wealth. Enron¡¦s corporate

    Premium Enron Andrew Fastow

    • 313 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Enron

    • 976 Words
    • 4 Pages

    ENRON Principles of Accounting Enron Key Players KENNETH LAY Former Enron chairman JEFFREY SKILLING Former Enron CEO DAVID DUNCAN Former Andersen partner NANCY TEMPLE Andersen lawyer THOMAS WHITE Secretary of the Army SHERRON WATKINS Enron vice president Enron started about 29 years ago in July 1985 in Houston‚ Texas.. A energy economist named Kenneth Lay became the CEO of Enron. Mr. Lay was a very optimistic

    Premium Enron Kenneth Lay Fraud

    • 976 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Enron

    • 5014 Words
    • 21 Pages

    ENRON: The Idiocy and the Irony Introduction Red flags were blinding as Enron learned about possible corruption with Enron Oil Trading in Valhalla‚ New York. After the merger between HNG and InterNorth‚ the Valhalla office‚ originally established by InterNorth seemed all but forgotten until quarterly and annual reports were due. Supervisors Tom Harding and Steve Sulentic were rarely on-site‚ preferring the comfort of offices in Houston. Louis Borget who established and operated the trading

    Premium Enron

    • 5014 Words
    • 21 Pages
    Powerful Essays
  • Powerful Essays

    Enron

    • 22630 Words
    • 91 Pages

    The Enron Controversy: Techno-Economic Analysis and Policy Implications Girish Sant and Shantanu Dixit PRAYAS Subodh Wagle CEEP‚ University of Delaware‚ USA The Enron Controversy‚ Prayas‚ Sept. 1995 4 Ÿ The Enron Controversy Contents Summary 1. Power Purchase Agreement (PPA) Between Dabhol Power Company and Maharashtra State Electricity Board: Structure and Implications 2. The Enron Deal: Why the First Stage Should Be Cancelled 3. The Enron Controversy: Alternative Options For

    Premium Electricity generation Inflation Enron

    • 22630 Words
    • 91 Pages
    Powerful Essays
  • Better Essays

    Enron Froud

    • 960 Words
    • 4 Pages

    Review of accounting ethics : The Enron Fraud Kemal Cankaya Strayer University Arlington Campus Financial Accounting Prof. Tony Somathiti February 1‚ 2013 The Enron Fraud “Enron‚ a Houston-based energy firm founded by Kenneth Lay‚ transformed itself over its sixteen years lifespan from an obscure gas pipeline concern to the world’s largest energy-trading company (both off and online). Enron has become an interstate and intrastate natural gas pipeline company

    Premium Enron Accounting scandals Arthur Andersen

    • 960 Words
    • 4 Pages
    Better Essays
  • Good Essays

    enron

    • 878 Words
    • 4 Pages

    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

    Premium Auditing Audit Auditor's report

    • 878 Words
    • 4 Pages
    Good Essays
Page 1 2 3 4 5 6 7 8 9 50