IN DEPENDENCE OF AUDITOR – ENRON AND ARTHUR ANDERSEN CASE Introduction The world economy in recent years has got some significant growth but also had quite serious scandals. They caused the shakes for many‚ both citizens and authorities. Therefore‚ it is a challenging time and it is the time for change. An absolutely necessity is to enhance the true reliable financial information because the success on the capital market depends on it. The key factor is to assure that auditors must take a completely
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Why HR? Human Resources is such a broad field which includes different aspects and components. Not only you are working with employees‚ but you also can find ways how to motivate people‚ increase productivity and provide clients satisfaction. With my experience‚ happy workers are better workers. As an HR‚ you can implement strategies for significant achievements. For instance‚ the retirees are excellent workers who have a natural warmth and people skills. I employed older people as receptionists
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possible advantages and disadvantages facing a board of directors composed of insiders? (b) What are the possible advantages and disadvantages facing a board of directors composed of outsiders? The board of directors plays a vital part in the domination of any company whether it is a family business or otherwise. For every company or organization the board of directors is different in terms of its composition‚ roles and responsibilities of the directors and its structure. The composition is normally
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Even though the colonists were breaking British law‚ the colonists had a right to rebel for they were unfairly taxed without representation and subjected to a king over 3000 miles away. Some people still on both the colonials and the British crown were attempting to avoid a full scale war even after they had begun fighting‚ like in the Battle of Bunker Hill. Most of the colonists did not want war because these were the people that they had been living with‚ and protected by the British for over 150
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were there three Opium Wars in China during the 19th century? The Opium Wars were a series of three wars between the Chinese and the British; primarily fought in regard to the illegal trade of opium in China during the 19th century. They manifested the conflicting natures of both nations and demonstrated China’s misconceptions of its own superiority. The Opium Wars resulted in the humiliating defeat of the Chinese to a country they considered to be "barbarians". There were many problems with
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War‚ was a conflict between England and France‚ was not actually a single war that lasted a hundred years; instead it was a series of wars interspersed with periods of peace that began in May 1337 and ended in October 1453. The three main conflicts were the Edwardian War won by English king Edward III; the Caroline War won by French king Charles V; and the Lancastrian War won by French king Charles VII. The Hundred Years’ War was the outcome of disputes between the ruling families of the two countries
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¨But why?¨ is a phrase that I have come to use too many times to count whether it was questioning my mother’s orders or questioning my textbooks. Itś a phrase that is simultaneously useless when it comes to my mother and very important when it comes to my textbooks. Why does this childish phrase matter?‚ well it lead me to a much more pertinent phrase that changed my life. The first time I heard this excerpt it was on a Sunday like any other unassuming and quiet but the words echoed in my mind louder
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ITC Model Contract for the International Supply of Services © International Trade Centre‚ August 2010 iii Model Contracts for Small Firms: International Commercial Sale of Goods International Commercial Sale of Goods Introduction This Model Contract contains the substantive rules for an international sales contract‚ i.e. the main rights and obligations of the Parties‚ the remedies for breach of contract by the Buyer; the remedies for breach of contract by the Seller; the general
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effective in preventing major scandals on the lines of Enron and Worldcom. 1.0 ABSTRACT 2.0 ENRON-CORPORATE FIASCOS 3.0 HOW DID THE AUDITORS FAIL TO CATCH PROBLEMS AT ENRON? 4.0 HOW TO PREVENT RECURRENCE OF ENRON? 5.0 NEW RESPONSIBILITIES OF AUDITORS ACCORDING TO SARBANES-OXLEY ACT 2002 6.0 CONCLUSION 7.0 REFERENCES 1.0 ABSTRACT The responsibility of an auditor is to express an opinion on the financial statements based on his audit which means verification or check in accordance with International
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demand is (greater than / smaller than / equal to) the increase in supply‚ the equilibrium price of narcotics would remain unchanged. (In the diagram below‚ draw the new demand and supply curves to show the change of equilibrium price and quantity in case
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