Essays Tagged: "Enron"

What brought about Enron's Collapse?

What brought about Enron's Collapse?What brought down Enron? Most X Americans would say that greed brought its demise. ... icans would say that greed brought its demise. I would agree that greed did factor into the fall of Enron, once named "the most innovative company" but further investigation into the company and its b ... ions, disregard to organization, and financial irresponsibility are amongst key factors of its fall.Enron wanted to be bigger, better, and more progressive than all other companies and it seemed to be ...

(4 pages) 244 0 5.0 Jul/2004

Subjects: Businesss Research Papers

AES: Corporate Culture

ment arrangements this month, it faced published allegations that it had colluded with now-bankrupt Enron Corp. to drive down the price paid for the utility" [Hamilton]. If decisions had been made fro ...

(3 pages) 182 0 3.0 Oct/2004

Subjects: Businesss Research Papers > Case Studies

Analysis and Reaction regarding the Enron Case

I. IntroductionEnron Corp. was one of the world's largest energy, commodities and services companies before its Cha ... nd provided financial and risk management services to customers worldwide. Based in Houston, Texas, Enron was formed in July 1985 by the merger of Houston Natural Gas and InterNorth of Omaha. Kenneth ... ormed in July 1985 by the merger of Houston Natural Gas and InterNorth of Omaha. Kenneth Lay became Enron's CEO in February 1986. In 1989, Enron began trading natural gas commodities. The company even ...

(6 pages) 111 0 3.0 Oct/2004

Subjects: Businesss Research Papers > Accounting

Best Joke of the Decade: Minimum Wages

wners are very hung-up over the word "profits." This word has caused all kinds of problems from the Enron scandals to Martha Stewart. If the government didn't put a floor on how little can or cannot b ...

(1 pages) 117 6 4.4 Oct/2004

Subjects: Law & Government Essays > Law > Issues

Auditing issues in Enron case

1 Auditing issues in Enron caseIndependentNeeded for the Houston office of Andersen, an audit partner that understands th ... tor by turning a blind eye to improper accounting, including the failure to consolidate, failure of Enron to make $51million in proposed adjustments in 1997, and failure to adequately disclose the nat ... tely disclose the nature of transactions with subsidiaries . Another example is Lord Wakeham joined Enron as a non-executive director in 1994 and also sat on Enron's audit and compliance committee. In ...

(8 pages) 366 0 3.0 Nov/2004

Subjects: Businesss Research Papers > Accounting

What brought on Enron's collapse?

What brought about Enron's collapse? An interesting question since I really did not know the answer to it. I thought th ... ivisions together.Peter Behr and David Hilzenrath from the Washington Post quoted quite eloquently "Enron fell because of massive failures by its management, board and outside advisors as well as self ... ticular persons or groups that bought and sold assets with the company, all while still working for Enron. It was quoted in a report that described "Fastow as the primary creator of Enron's deceptive ...

(3 pages) 91 0 0.0 Jan/2005

Subjects: Businesss Research Papers

Accounting Procedures

With the large scandals involving misrepresentations of financial records recently, such as Enron, there is a need for investigations beyond the accounting auditor capabilities. A look at the ...

(3 pages) 121 0 3.0 Jan/2006

Subjects: Businesss Research Papers > Accounting

Analyzing Trends in Organizational Behavior

t, base morals, or ethics to govern the population.In this day in age, with corporate scandals like Enron, and Tyco and others it is critical for corporations to hold true to some form of fundamental ...

(4 pages) 110 0 0.0 May/2006

Subjects: Businesss Research Papers > Management

Accounting Scandals in the early 2000s

ed.a.What conditions caused accounting and the audit profession role to change during this time?The Enron scandal is one of the biggest from the early 2000s. Everything about this fiasco is huge, incl ... cluding a $50 billion 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 Ander ...

(1 pages) 69 2 4.3 Oct/2007

Subjects: Businesss Research Papers > Accounting

Arthur Anderson And Enron

The job of Arthur Andersen was to make sure that investors could rely on Enron?s financial statements. Although Anderson is the smallest of the ?big five? accounting firms, ... me 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, but also with non-audit services. And ... s. Anderson was a major business partner, soliciting and selling millions in consulting services to Enron. Anderson was also responsible for some of Enron?s internal bookkeeping. Although questionable ...

(2 pages) 41 0 0.0 Feb/2008

Subjects: Businesss Research Papers > Accounting

Analysis of Companies Add Ethics Training; Will...

erg would like to see Phillip Morris regain the publics trust.Also discussed in the article was the Enron, Arthur Anderson, and Tyco scandals. Enron which had an ethics program in place decided to wav ... reate partnerships which ultimately brought the company down. Arthur Anderson the auditing firm for Enron was convicted of obstructing justice, by destroying documents having to do with their audits o ...

(2 pages) 54 0 0.0 Feb/2008

Subjects: Businesss Research Papers > Management

Moral Tax Agents

ways out of taxes and fees imposed by the United States government. We only have to look as far as Enron and Arthur Anderson, two of the most prominent figures in the business world, but in the light ...

(1 pages) 14 0 5.0 Feb/2008

Subjects: Social Science Essays > Society and community

Accounting Irregularities at WorldCom and Arthur Andersen…No More: What Went Wrong?

unting practices resulted in the firm's decline and the role they played in the accounting fraud at Enron. The way in which these corrupt practices took place is an obvious indication of the culture o ... ral standings of employees, close relationships which affected both the company and clients such as Enron.Understanding business ethics in these cases we used ethical decision making frameworks such a ...

(18 pages) 159 0 5.0 Mar/2008

Subjects: Businesss Research Papers > Case Studies

Arthur Andersen & Co.

002 of obstructing justice in relation to the Securities and Exchange Commission's investigation of Enron Corporation, Arthur Andersen is barred from offering auditing services to publicly traded comp ... icly traded companies" (Andersen, n.d., ¶ 1). The ethical difficulties involved in the case of Enron and Arthur Anderson, the accounting firm that had been responsible for auditing Enron's accoun ...

(5 pages) 110 0 0.0 Aug/2008

Subjects: Businesss Research Papers > Management

Ethics Article

of doctoring the books serving jail time. Miller and Bahnson ask why auditors of companies such as Enron allowed or even assisted with these unethical practices. The claim is that two character flaws ... al report for any company is of the utmost importance. The unethical reporting of companies such as Enron and WorldCom brought about changes such as stronger enforcement of the regulations attempting ...

(2 pages) 732 0 0.0 Sep/2008

Subjects: Businesss Research Papers

Best Snacks Generic Benchmarking Worksheet

g and training, the employees will not have the resources to develop their critical thinking skills.Enron (Unsuccessful)The fall of Enron is known worldwide and affected many people involved with the ... ll of Enron is known worldwide and affected many people involved with the organization. The fall of Enron occurred in 2001 when they filed for bankruptcy. Enron revealed in 2001 the financial conditio ...

(5 pages) 189 0 5.0 Jul/2009

Subjects: Businesss Research Papers > Management

ITC LTD: Corporate Governance

al business limelight fromrelative obscurity after a string of collapses of high profile companies. Enron, theHouston, Texas based energy giant, and WorldCom, the telecom behemoth, shocked thebusiness ... , 2002 in response to a number of major corporate and accounting scandals including those affecting Enron, Tyco International, Adelphia, Peregrine Systems and WorldCom. These scandals, which cost inve ...

(37 pages) 91 0 3.0 Jul/2009

Subjects: Law & Government Essays > Law > Cases

Training Program

t a team to adopt a new process. Last I will address how the process could have been applied to the Enron organization I researched in week one, followed by my conclusion.Why should you train a team:O ... create new measures of success that inform the company more confidently of the business.Applied to Enron:The practice of separation of duties would have been beneficial for Enron. The separation of d ...

(5 pages) 60 0 3.0 Jan/2010

Subjects: Businesss Research Papers > Management > Leadership and Communication

Global Business and Ethics

eacute;tico que fue descubierto por la globalización, opté por el escándalo de Enron. Enron comenzó como una compañía regional de gasoductos de gas natural, e ... uctos de gas natural, el resultado de la fusión de Houston Natural Gas y InterNorth en 1985. Enron se apresuró a aprovechar las oportunidades en que la desregulación a finales de ...

(5 pages) 6 0 0.0 Jan/2011

Subjects: Businesss Research Papers

Buen gobierno corporativo Que es? Ley sarbanes oxlex

objetivo de hacer crecer sus inversiones.En la década actual con casos como el de WorldCom y Enron se pueden apreciar las malas prácticas gubernamentales y a lo que estas llevan. Enron c ...

(2 pages) 0 0 0.0 Mar/2013

Subjects: Businesss Research Papers > Management > Leadership and Communication