and Management Sciences (JETEMS) 3(3):191-195 (ISSN:2141-7024) The New Fraud Triangle Model 1 Rasha Kassem and 2Andrew Higson 1 British University in Egypt Cairo-Suez Desert Road‚ El Sherouk City 2 School of Business and Economics‚ Loughborough University‚ Loughborough‚ LE11 3TU‚ UK Corresponding Author: Rasha Kassem ___________________________________________________________________________ Abstract Fraud in corporations is a topic that receives significant and growing attention
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The Role of Leadership in Shaping Organizational Culture Armen Avetisyan Walden University Abstract In this paper I have tried to analyze the role of leadership in shaping of organizational culture. Also I have briefly touched the definition of culture‚ historical overview of leadership theory development’s issue and what impact have traits approaches‚ skills approach‚ style approach and also ethical approach on creating of organizational culture for healthy organization. The Role of
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to find ways to set fraud in motion – and a new breed of offenders is finding cunning ways to do so. After more than 60 years‚ the classic fraud triangle of three elements or events that motivate an employee to cross the line has morphed ™ into Crowe’s Fraud Pentagon. Company boards and senior management must take an offensive stance against the five conditions that precipitate fraud with a clear plan that limits the opportunity for fraud and minimizes the impact when fraud does occur.” Jonathan
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1. Define the problem(s) Enron failed to record some of its transactions. Arthur Andersen did not allow the LJM financial statement to stay unconsolidated. 2. Analyze the situation - again‚ take a "lessons learned" approach. You might use the following questions as guides: A. What important internal controls were ignored when LJM1 was created? LJM1 ignored some of Enron’s entries in the books that were missing. Outsiders owned less than 3% of the Special Purpose Entities equities. There was
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THE INFLUENCE OF LEADERSHIP ON ORGANIZATIONAL CULTURE Leadership is a matter of intelligence‚ trustworthiness‚ humaneness‚ courage‚ and discipline . . . Reliance on intelligence alone results in rebelliousness. Exercise of humaneness alone results in weakness. Fixation on trust results in folly. Dependence on the strength of courage results in violence. Excessive discipline and sternness in command result in cruelty. When one has all five virtues together‚ each appropriate to its function
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The atmosphere at Enron was highly competitive. Enron rewarded cleverness and pushing the envelope. Enron’s former president and CEO Jeffery Skilling encouraged employees to be "independent‚ innovative‚ and aggressive.") The aggressiveness of the culture at Enron was increased by a rigorous and threatening evaluation process for all employees that became known as "rank and yank." "Enron’s employees annually ranked their fellow employees on a 1 (best) to 5 (worst) scale. Each of the company’s divisions
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regarding Zappos in your book. Does the leader impact organizational culture or does organizational culture impact the leader? Explain. If you were the leader of Zappos‚ what new elements would you add to the corporate culture? Explain. How does the corporate culture impact vision‚ mission‚ and strategy at Zappos? Respond substantively to two other students’ posts. Does the leader impact organizational culture or does organizational culture impact the leader? That is a great question. I believe
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Many have heard of the Enron Scandal of 2001. A scandal‚ by definition‚ is an event that involves allegations of wrongdoing‚ disgrace‚ or moral outrage. In other words‚ a scandal is caused by shortcomings in ethics. Enron’s Ken Lay‚ Jeffrey Skilling and Andrew Fastow each engaged in unethical practices in their various leadership positions at Enron and caused thousands of Enron employees and investors to lose their savings. (Smartest) Kenneth Lay showed all the signs of a transformational
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Abstract Enron became one of the largest natural gas and energy trading companies in the world. During the 90 ’s Enron was considered as an innovative company within the global business market. Enron was known for its unique innovative technologies and distinctive approach to trading in the world of e-commerce. On December 2‚ 2001‚ Enron announced the biggest bankruptcy in history and when many people hear the word‚ Enron they associate it with the one of the most important accounting scandals
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The Role of Leadership in Shaping Organizational Culture Gian Andrea Manzoni Walden University The Role of Leadership in Shaping Organizational Culture During commercial presentations‚ it happens quite often to see the commercial director explaining to a client what the company does‚ what kind of services provided‚ who are the potential customers and the best results recorded. Rarely‚ it is possible to assist to a presentation on who the company is. In fact‚ we tend to focus on the characteristics
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