Essays Tagged: "Arthur Andersen"
Dilemma in the Workplace - The Enron Corporation. Includes background on the company, key problems and issues, who was affected, and evaluations and solutions. 3,010 words. Greatly detailed.
ate bankruptcy claim in United States history. The collapse led to investigations of both Enron and Arthur Andersen, an accounting firm employed by Enron. Investigators focused on charges that Enron d ... ny declared bankruptcy making it the largest filing in history.Enron's independent auditing company Arthur Andersen failed to arouse suspicions about the energy company's finances when suspicion of im ...
Subjects: Businesss Research Papers > Case Studies
Business Ethics: The Enron Meltdown.
pproved by Enron's board of directors, and reviewed by the companies outside auditors and lawyers - Arthur Andersen and Vinson & Elkins".George W. Bush, and the CEO of Enron, Kenneth Lay, had alwa ...
Subjects: Businesss Research Papers > Case Studies
What brought about Enron's Collapse?
ron's books. The improper and overly complex accounting practices involved Enron's accounting firm, Arthur Andersen. The extent of the firm's involvement is unknown and its knowledge of the questions ...
Subjects: Businesss Research Papers
Management and Ethics
ate bankruptcy claim in United States history. The collapse led to investigations of both Enron and Arthur Andersen, an accounting firm employed by Enron. Investigators focused on charges that Enron d ... ternal controls not been overridden. Enron had an internal audit team and an external audit team of Arthur Andersen, both were charged with the responsibility of asking the "tough" questions and makin ...
Subjects: Businesss Research Papers > Management
The Enron Scandal
ptcy claim in United States history. The company's collapse led to investigations of both Enron and Arthur Andersen, an accounting firm employed by Enron. Investigators were alerted to charges that En ... d bankruptcy making it the biggest filing in corporate history.Enron's independent auditing company Arthur Andersen was unsuccessful in provoking suspicions about the energy company's finances when un ...
Subjects: Businesss Research Papers > Case Studies
Auditing issues in Enron case
he role of being a "public watchdog" with "ultimate allegiance to the creditors and shareholders" . Arthur Anderson abandoned its roles as independent auditor by turning a blind eye to improper accoun ... an affiliated entity and received a promise to pay for those assets from that affiliate.In general, Arthur Andersen misunderstood the nature of auditor independence and true and fair view is only perc ...
Subjects: Businesss Research Papers > Accounting
Accounting Scandals in the early 2000s
lion bankruptcy, and employee retirement accounts drained of more than $1 billion. Enron's auditor, Arthur Andersen, was indicted on criminal charges in 2002 as a result. Arthur Andersen was assigned ... reated to oversee auditors of public companies in order to protect the interests of U.S. investors. Arthur Anderson went out of business following their decline and indictment, and this was the second ...
Subjects: Businesss Research Papers > Accounting
Carroll's pyramid of Corporate social responsibility: A review and modification
ike in corporate scandals in 2001. Accounting and securities fraud have led to the demise of Enron, Arthur Andersen and WorldCom. The Sarbanes-Oxley act was created to restore public confidence in acc ...
Subjects: Businesss Research Papers > Management
Arthur Anderson And Enron
The job of Arthur Andersen was to make sure that investors could rely on Enron?s financial statements. Although ... in United States history, Anderson finds them in deep trouble. ?With its reputation badly damaged, Arthur Andersen faces serious problems. Its most talented employees might choose to leave. There is ... aims. The Big Five could possibly become the Big Four? ( ).One of the questionable facts is towards Arthur Andersen?s independence in the Enron audit. They not only provided Enron with audit services, ...
Subjects: Businesss Research Papers > Accounting
Accounting Irregularities at WorldCom and Arthur Andersen…No More: What Went Wrong?
ples within a commercial perspective using cases such as: Accounting Irregularities at WorldCom and Arthur Andersen…No More: What Went Wrong? (Business Ethics 4th Ed: Cases 5 & 6 pg.101-109 ... ors such as conspiracy, fraud and many false claims regarding their accounts and profitability. The Arthur Andersen…No More: What Went Wrong? case is another scenario where a series of unethica ...
Subjects: Businesss Research Papers > Case Studies
Ethics in Action
he evidence despite the court order to turnover such documents. The biggest scandal associated with Arthur Andersen was when the company became embroiled in a scandal with one of their biggest clients ... ical behavior has the power to ruin huge companies and create corporate scandals. Companies such as Arthur Andersen and Morgan Stanley exhibited signs of unethical behavior and this behavior ended up ...
Subjects: Businesss Research Papers
Arthur Andersen & Co.
This paper will evaluate the planning function of management within Arthur Andersen & Co. In addition, I will analyze and give examples for the impacts that legal i ... ree factors that influence the company's strategic, tactical, operational, and contingency planning.Arthur Andersen had a vision to create not "just another accounting firm," his plan was to build an ... ersen "was known for encouraging his employees to think straight and talk straight" (2002, ¶ 1)Arthur Andersen was an accounting firm with an otherwise impressive history. "The reputation of Arth ...
Subjects: Businesss Research Papers > Management
Crisis of Confidence - Have Recent Audit Failure Damaged the Audit Profession
e 1970's - 1980 there were 8 large accounting firms they were called the 'Big 8' which consisted of Arthur Andersen, Arthur Young & Company , Coopers & Lybrand, Ernst & Whinney, Haskins &a ... Sells , KPMG, Price Waterhouse and Touche Ross.Between 1989 - 1998 Ernst & Whinney merged with Arthur Young to form Ernst & Young, and Deloitte, Haskins & Sells merged with Touche Ross to ...
Subjects: Businesss Research Papers > Accounting
Arthur Andersen Management Planning Paper
IntroductionThe Arthur Andersen past performance make clear how the principled individual, engrossed by an unprincip ... h no encouraging strengthening. This paper will evaluate the planning function of management within Arthur Anderson, and address one legal, ethical, and social responsibility issue that impacts Arthur ... operational, and contingency planning.Legal, Ethical, and Social Responsibility IssueFew years ago, Arthur Andersen analysis notices that ethics plans were very useful. Ethics plans are concerning to ...
Subjects: Businesss Research Papers > Management
Business Regulation MBA 560
ethods of operation of corporations due to recent misconduct of companies such as Enron, Exxon, and Arthur Andersen. "In the 1980s few corporations hired people as ethics officers. Today over 20 perce ...
Subjects: Businesss Research Papers > Management > Management Planning & Decision Making
The Sarbanes-Oxley Act of 2002
The Sarbanes-Oxley Act of 2002Introduction2001-2002 was marked by the Arthur Andersen accounting scandal and the collapse of Enron and WorldCom. Corporate reforms were de ... volumes, and as such may know very little about their customs compliance.Following the collapse of Arthur Andersen, the main auditing and accounting firms became four: Deloitte, KPMG, Pricewaterhouse ...
Subjects: Businesss Research Papers > Management
Sarbox effect on accounting litigation
g scandal grows, 2002)When there are financial statement scandals, there comes accounting scandals. Arthur Andersen, who at the time of these scandals was one the "Big Five" accounting firms, was conv ... ancial statements under their guidance such as Waste Management, Sun Beam, and WorldCom. Along with Arthur Andersen, Price Waterhouse, and Ernst & Young had there problems with auditing scandals i ...
Subjects: Businesss Research Papers > Accounting
Fundamentals of Business for Managers
ange Commission (SEC) are all looking into whether Enron and/or its accounting and consulting firm, Arthur Andersen, broke the law. Another emerging issue centers on Enron and Western energy markets. ... lion from his bankrupted company, while the shareholders weep. Global Crossing's accounting firm is Arthur Andersen. The share price of a Bermuda-based, Beverly-Hills-run conglomerate called Tyco is d ...
Subjects: Businesss Research Papers
Examining a Business Failure Paper
ned substantially by creatively planned accounting fraud involving Enron and their accounting firm, Arthur Anderson. The irregular accounting practices, including manipulating stock prices, caused Enr ... n's stock prices were less desirable, certain aggressive accounting methods measures were required. Arthur Andersen, auditor and consultant to Enron, helped to make Enron's shares look more favorable ...
Subjects: Businesss Research Papers > Management > Leadership and Communication