Friday, December 27, 2019

1) What Did Arthur Andersen Contribute to the Enron Disaster

1) What did Arthur Andersen contribute to the Enron disaster? Arthur Andersen (AA) contributed to the Enron disaster when it has failed to the management by failing to have Enron establish and enforce its own internal control. There has been flaws to AA‘s internal control. There has been assumption that AA partners were too motivated by revenue recognition thus, overlooking several criteria when providing their services to Enron. Additionally, AA also recognised the retention of audit clients as vital and a loss of any clients would be disadvantaged to an auditor’s career. In AA internal control, the person who is able to make most of the decisions is the person who is most concerned about the revenue or losses of the client’s company.†¦show more content†¦Of these transactions, most of it was not in the interest of Enron of Enron’s shareholders; such as profits and cash flows were manipulated and grossly inflated which caused misleading to the investors. AA has also failed to recognise the Generally Accepte d Accounting Principle (GAAP) – which is accounting rules used to prepare, present and report financial statements for a wide variety of entities used in United States. AA also did not advise Enron’s audit committee that Enron’s CFO – Andrew Fastow – and his helpers were involved in significant conflict of interests. Enron’s politics and internal control was also found out to be inadequate to protect the shareholders interests. These should have made known and clear as these are responsibilities of an auditor. AA has also make the mistake by which it did not act upon evidence found or neither has it find any audit evidence relating to the numerous share rights transferred to SPEs and the side deals between Enron and banks which remove the banks’ risk from transactions. In auditing, audit documentations are key part to the audit processes. 3) What was the prime motivation behind the decisions of Arthur Andersen’s audit partners of the Enron, WorldCom, Waste Management and Sunbeam UDITS: Cite examples that reveal this motivation? The prime motivation behind the decisions of Arthur Andersen’s auditShow MoreRelatedArthur Andersen Case2098 Words   |  9 Pages1. What did Arthur Anderson contribute to the Enron disaster? Arthur Andersen (AA) contributed to the Enron disaster when AA consulting became its own separate entity, named Accenture. Revenues from consulting services surpassed revenue from auditing services. A natural competitiveness grew between the two rivals and this is where the problems began to start. Management held maximinizing revenues as their primary focus of success and promotions/bonuses were based on this factor. The CEO of AA, JoeRead MoreCase Study Enron Scandal5642 Words   |  23 PagesCASE 3 Enron: Questionable Accounting Leads to Collapse Once upon a time, there was a gleaming headquarters office tower in Houston, with a giant Tilted ―Eâ€â€" in front, slowly revolving in the Texas sun. Enron‘s suggested to Chinese feng shui practitioner Meihwa Lin a model of instability, which was perhaps an omen of things to come. The Enron Corporation, which once ranked among the top Fortune 500 companies, collapsed in 2001 under a mountain of debt that had been concealed through a complex schemeRead MoreEnron Tyco Case Studies2163 Words   |  9 Pagespractices came about because one corporation, Enron, took risks their company could not withstand without taking some rather extreme measures in its accounting to hide the risk. Tyco International went down a different path in that the CEO used corporate accounts as his personal bank account. 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Many kept on buying the stock, the corporate mantra andRead MoreEfficient Capital Markets, Corporate Disclosure and Enron12656 Words   |  51 PagesLegal Scholarship Repository Faculty Scholarship Series Yale Law School Faculty Scholarship 1-1-2004 Efficient Capital Markets, Corporate Disclosure and Enron Jonathan R. Macey Yale Law School Follow this and additional works at: http://digitalcommons.law.yale.edu/fss_papers Part of the Law Commons Recommended Citation Macey, Jonathan R., Efficient Capital Markets, Corporate Disclosure and Enron (2004). Faculty Scholarship Series. Paper 1419. http://digitalcommons.law.yale.edu/fss_papers/1419 Read MoreSarbanes Oxley Act Of 20021635 Words   |  7 PagesIn order to prevent the happening of such disaster, the USA congress enact a new regulation named Sarbanes-Oxley Act of 2002 , also called â€Å"Public Company Accounting Reform and investor Protection Act† The main purpose of the act is to protect shareholders and general public from accounting errors and fraudulent practices in the enterprise, as well as improve the accuracy of corporate disclosures. (Mike Oxley 2002). Sarbanes-Oxley Act of 2002 is deemed to be one of the most virtual governance reformsRead MoreBusiness Ethics And The Business World2792 Words   |  12 Pagesof these factors, it is feasible to see why a cutthroat mentality is needed and sometimes used for business. However, this cutthroat mentality is the reason why orga nizations are no longer fully trusted. With decisions and actions made by Enron, Arthur Andersen, and Bernard Madoff, how are consumers and the public supposed to fully give their trust to something or someone. Recently, organizations were looking for a way to create a positive public image, improve employee retention and morale, sustainRead MoreImportance of Segregation of Duties2844 Words   |  12 Pagesregards to financial reporting standards. The collapse of Enron, an American energy and commodities firm, in December of 2001 had a massive impact on the field of accounting as whole. Worth over $63 Billion, Enron’s dissolution stemmed from upper management’s use of accounting loopholes and fraudulent financial reporting to hide billions of dollars in debt. Enron’s stock price went from $90.75 to less than $1 in a matter of months. Not only did Enron’s collapse result in thousands of people losingRead MoreManagement Control and Their Limitations85 58 Words   |  35 Pagescontrols and risk management. Yet despite numerous changes in corporate governance requirements and a tightening-up of regulations to a point where there are concerns about the costs and administrative burdens of these regulations, such corporate scandals[1] continue unabated. Past scandals have generally been treated, especially by officialdom, as relatively isolated incidents of audit and/or regulatory failure, however, the current global financial crisis suggests that there may be broader system-wideRead MoreChapter 9: Behavioral and Organizational Issues in Management Accounting and Control Systems16548 Words   |  67 Pages | QUESTIONS 9-1 In the context of a management accounting and control system, control refers to the set of procedures, tools, performance measures, systems and incentives that organizations use to guide and motivate all employees to achieve organizational objectives. 9-2 The four stages that are needed to keep the organization in control are: 1. Plan: develop an organization’s objectives, choose activities to accomplish

Wednesday, December 18, 2019

Certain Groups Being Incorrectly Portrayed in Media

In order to understand the current issue involving certain groups being incorrectly portrayed in media, it is important to first understand exactly what mass media is. There are a variety of technical definitions for the term â€Å"mass media.† According to Britannica, â€Å"Media is used to pass on information to many people in a society† (â€Å"Media†). Merriam-Wenster claims media is a â€Å"mean of communication that is designed to reach the mass of the people† (â€Å"Mass Medium†). Recently, a spike of innovations has led to an increase of possible methods of communication that can be inducted into the field of mass media. Tomi Ahonen, an author on telecommunications and technology, popularized the term â€Å"Seventh of the Mass Media† to prove that cellphones are a new form of mass media. This has made the world more familiar with the different categories of media. The seven designated forms include print, recordings, movies, radio, tel evision, internet, and cellphones (Duarte). If more people in the world contained this knowledge of media, it might be more easily understood the effect it can have on so many. In addition to knowing what media is in today’s age, it is also important to fully understand misrepresentation. Various accounts of misrepresentation are affecting the media at present, but not everyone is entirely aware of this situation. Misrepresentation is the inaccurate portrayal of someone or something. In the media, this can be displayed through statments, music, or images. BeingShow MoreRelatedAmerican Islamophobia And The Syrian Refugees. The Majority1584 Words   |  7 Pagesoff of the answer â€Å"yes†, but nonetheless will actively deny large groups of people their rights. That fact has become increasingly evident with the recent matter that is the Syrian refugee crisis. Muslim people are fleeing Syria, a currently war torn country, and attempting to find asylum in more stable coun tries, one of which is the United States. However, the Muslim refugees fleeing Syria are often incorrectly stereotyped into being a â€Å"backwards, violent people† and have their voices silenced andRead MoreRace Culture Diversity - Reflections on Issues Relating to the Traveller Community and the Portrayal of Minority Groups in the Media1733 Words   |  7 PagesMany issues have been introduced and discussed in regards to race, culture and diversity, and their impact on children and society. In the attached journal I have recorded some of the subjects we discussed in group sessions such as: British Empire Legacy, Equal Opportunities, Post Code Culture, Ethnic Minorities, Sex Education, Legislations, and the Traveller Community. I have also included other interesting issues that I came across and thought to be relevant to this module. For the purpose of thisRead MoreRaiders of the Lost Ark Movie Analysis958 Words   |  4 Pagesthink a certain way. 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LGBT is an acronym for Lesbian Gay Bisexual and Transgender that categorizes a community of individuals that are a part of the sexual minority (Swain, 2007). One community that falls under the umbrella of the LGBT acronym is the transgender community. This community consists of transgender individuals, a general term to describe those who do not conform to typical gender roles, transsexuals who desire to be recognized

Tuesday, December 10, 2019

Hamid George Bangura free essay sample

It is therefore only natural for some people to sometimes fantasize about the things they most desire. In literary works like The Things They Carried, The Glass Menagerie, and Facing It, the authors Tim OBrien, Tennessee Williams, and Yeses Communal a respectively, publicized their characters quest to change their situations. In The Things The eye Carried, the narrator expressed his wishful intentions to change his relationship with his FRR lend Martha.In The Glass Menagerie, the character Laura of the Winnfield family conveyed h Peloponnesus and insecurity as a result from her lethally circumstance, hindering her ability to s socially function in life like any normal person, and forcing her to create a world of illusion as pop SSE to living in reality. In Facing It, the narrator longed to have a reconnection with his friend s lost in war.The characters effort to pursue their desires by living in a world of fantasy convey deed by their thoughts and reflections, led them to constant struggles to differentiate and k pep a balance between both worlds, resulting in the creation of two parallel worlds (a world of illusion in contrast to living in reality). Bangui 2 Thoughts have been a significant medium through which the authors of all thro literary works have demonstrated struggle between illusion and reality. In the story The Things They Carried, author Tim OBrien used the character Jimmy Crosss thoughts to Cree et a fantasy world.The story told of Jimmy Crosss relationship with his friend back home Martha, with whom he communicates with on a regular basis. Furthermore, the author Tim OBrien revealed Jimmy Crosss thoughts openly to the readers on his delusional thoughts tow rids Martha, which brought about his struggle to separate his fantasies from reality. For example, he would often retire his night wondering if Martha was a virgin (OBrien 344). Other instant sees where he vividly described Martha from the pictures: Her eyes were gray and neutral, h err lips slightly Open as she stared straighten at the camera err legs, he thought, were Alamo SST certainly the legs off virgin, dry and without hair (OBrien 345). Other examples were times Lieutenant Cross would go back in time and reflex CT about some of the special moments he shared with Martha in the past before he De parted for the war, like their movie date: the movie was Bonnie and Clyde , during the final scene he touched her knew He remembered kissing her good night at the dorm door and how he wish he could have done things differently with Martha: He shouldve carried her up the stairs to err room and tied her to the bed and touched that left knee all night long (OBrien 346).Truth a bout Illusion vs.. Reality themed in this story was in fact confirmed by the author himself Tim OBrien in an interview where he was asked to give his reason on why he blurred the line b twine fiction and nonfiction (Smith). According to Mr.. OBrien, his first justification was that he wanted to compose a fiction with the texture, sound and authenticating weight of n nonfiction. .. With an interesting, compelling, and fresh way of telling a story (Smith). Mr..Brines second reason Bangui 3 f why he told the story the way he did is because he wanted the readers to k now that soldiers in war are not just cold hearted and programmed to fight, but they also expire once normal, everyday activities like heartbreak Yes, there is a real war going, with real ca qualities and real horror, but at the same time those realities are being processed in a mix of m Emory and imagination (Smith). Jimmy Crosss fantasy to be loved so dearly by Martha SE parted him from the realities of war and being an efficient leader to his subordinates. Likewise in the poem facing It, the narrator uses reflection through the use f memories and flashbacks. In this poem, the author Yeses Communally like It m OBrien shared the reality Of the Vietnam War. However, in the poem Facing It, the author w ho is also the narrator is not presently in the war like Tim OBrien Jimmy Cross, but an ex. older/veteran who is visiting the Vietnam Veterans Memorial in Washington, D. C (Marvin, p era. L).The narrators visit to the memorial brought back unpleasant memories, feeling of guilt, and flashbacks of his past experiences which made it difficult for him to control hi s awareness of mime and of what is real or not; the narrator was unable to differentiate the m memories from his past to what was currently happening as he was in the Memorial. For example e from line 1427, as the narrator go through the names of the soldiers lost in war, he said: go down the 58,022 names, half expecting to find my own in letters like smoke.I touch the name Andrew Johnson; I see booby traps white flash A plane in the Bangui 4 sky. A white vets image floats closer to me, then his pale eyes look through mine. (Communally 651 ) The narrator expressed his feeling of guilt when he revealed about expecting o find his name among the other soldiers who lost their lives in the war which might signify the at he would have preferred dying an honorable death along with his friends in battle than be in a memorial honoring them. It almost seems like he didnt want to deal with the fact that h e was alive but his friends were not. When the narrator saw his friends name Andrew Johnson, h e started having flashbacks about memories of his experience the war. According to Thomas Marvin, the memorial was the place where past, present, and future meets, where people e came to rekindle their relationships with the dead (Marvin).The narrators ability to vividly ream ember the exact circumstance in which his comrades died reflects the overwhelming guilt that overshadows him. The narrators inability to accept and come to terms with the truth and reality about the loss of his veteran friends led him to struggle with illusions about the war. In line 293 1, the narrator said he saw in the black mirror a woman trying to erase names, but then MO meets later he realized that he was only looking at a woman brushing a boys hair (Synonym kaka 650).The narrators wishful hopes that the memorial will help him rekindle a form of ree l kinship and communication with the dead, and his overpowering desire to resurrect his FAA Lien companions led him to have illusionary visions and misinterpretation of reality. Lastly, in the play The Glass Menagerie, the author Tennessee Williams also used reflections through the use of flashbacks to show the struggles the characters go through to Bangui 5 differentiate the present from the past (Wang).According to Gun Wang Teen Jesse Williams has always been known to create literary works where the characters live in a word old of fantasy, and struggle from selections (Wang). To further on the topic of fantasy, in the play The Glass Menagerie, the authors use flash backs, selections, and illusion was most lay centered on the character Laura. According to the play, Laura was the youngest of a family oft here which included her mother Amanda, and her brother Tom Winnfield. The character Laura is said to be crippled since childhood, as a result of an illness.Laurels disability has led her to build some sought of defense mechanism where she alienates herself from the outside w roll and reality. According to the play, Laura took great interest in glass animal s which she has collection of, serving as distraction and excuse for her to face the real world. These hidden emotions of insecurity and confidence surfaced when she rekindled with her Old school m ate Jim. Jim OConnor was invited to the house one evening by Laurels brother Tom who s also Jims coworker at a warehouse, for dinner.Laurels mother Amanda had underlying intentions for the dinner, which was for Jim to meet Laura in hopes that they would be attracted d to each other and spark a love connection (Williams 949973). Unknowingly to Winnfield family, J m was Laurels old high school crush (949973). Nevertheless, Jim and Laura had the chance t 0 rekindle their relationship which brought about the flashbacks for Laura (949973). Laura sat arts to remind Jim of events that happened in high school, all of which Jim couldnt even remember beer (949973).The fact that Jim couldnt remember most of the claims Laura made of her high SC wool memories with him reveals that Laura might have had problems socializing and miserable e years in school because of her disability; hence her high s chool mates like Jim barely Jackson edged her Bangui 6 existence which strongly might have led to her alienation with the world. Cacao dining Gun Wang, Laurels disability increased her solicitousness: She builds her fantasy she builds her own fantasy world with her glassine friends and many old records.Laura, however, is more than a prisoner of her own deformed consciousness. (Wang) Personally, agree with Mr.. Wang that Laurels insecurity and lack of confidence e about her deformity has entrapped her into the fantasy world of her mind, imprisoning her from the reality of the outside world and what it entails like going to college, building a career, meeting new people and even finding love for herself as oppose to relying on her mother t find hear husband. The authors of the three literary works have portrayed the use of thoughts an d reflections to display desires.Thoughts and reflections were expressed by the characters through flashbacks, fantasies, and holding on to the past; this resulted to the creation of illusionary y worlds by the characters, as oppose to living in reality. In The Things they Carried, the maim n character Jimmy fantasized about having a love relationship with his friend Martha, which h led him to lose control and awareness of the reality (war) around him. In Facing It, the naira tort held on to the sat and had flashbacks because he desired to reconnect with his lost comma des, leading him to lose count of reality, and started seeing imaginary visions.Finally in The Glass s Menagerie, the character Laura underlying desire to be normal led her to seclude herself fro m reality. Bangui 7 Work Cited Page Gardner Janet, et al. Literature: A Portable Anthology . Boston: Bedford SST. Martins, 2013. Print. Marvin, Thomas F. Gunnysacks Facing It. Explicator 61. 4 (2003): 242245. Literary Reference Center . Web. 2 Par. 2013. Smith, Jack. The Things He Carries: For Tim OBrien, The Vietnam War Has Re maimed A Crucible In His Fiction, But The Power Of Imagination And Memory, And Our E elusive Interior Worlds, Loom Large, Too. Writer 123. 7 (2010): 1647. Literary Reference Center Wang Gun. The Glass Menagerie. Masterpiece II: Juvenile Young Adult Literature Series, Supplement (1 997): 12. Dietary Reference Center Bangui 8 rows Were they most desire. In literary works like The Things They Carried, The Glass mend Martha. In Bangui 9 thoughts, and their constant struggles to differentiate and keep a balance bet when both worlds led to a creation of two parallel worlds (a world of illusion in contrast to living in r laity). Works have demonstrated struggle between illusion and reality.Lieutenant Cry joss appeared to be delusional through is thoughts. Several instances were given from the Story, instances where he would escape from war surrounding into his mind, and have fanciful, obsessive e thoughts about Martha. For example, he would often retire his night wondering if Martha WA s a virgin (Obrien 344). Other instances where he vividly described Martha from the pick tires: Her eyes were gray and neutral, her lips slightly open as she stared straighten at the ca mere.. . Her legs, he Hough, were almost certainly the legs of a virgin, dry and without hair (OBrien en 345). There examples were times Lieutenant Cross had thoughts about some of the species al moments he shared with Martha before he departed for the war, like their movie date: the movie was Bonnie and Clyde, during the final scene he touched her knew He remembered kiss nag her good night at the dorm door and how he wish he could have done things differently wit h Martha: He shouldve carried her up the stairs to her room and tied her to the bed and to ached that left knee all night long (Obrien 346). Lieutenant Crosss delusional fantasies and though TTS even Bangui 10 emphasize his scary obsession with Ms. Martha. The amount of time Mr.. Cross s spends thinking about Ms. Martha in the story, one would never think he is in a war zone. Lieutenant obsession and delusions towards his desire for Martha as love led to his main struggle of this story guilt. Mr. . Cross spent most of his time dread mining about a perfect world where he and Martha were intimate, instead of being an effects eve Lieutenant governing his soldiers. It all came crashing for Lieutenant Cross when one of his soldiers under IM Ted Lavender got killed.The death of Ted Lavender left Lieutenant Cross feeling shame and hat? towards himself, feeling guilty that he had loved Martha more that n his men, and as a consequence Lavender was now dead, and this was something he would have to carry like a stone in his stomach for the rest of the war (Obrien 353). According to the SST ROR, all Lieutenant Cross could do was dig (Obrien 353). Ted was dead, reality and guilt came our shining in, he didnt have Marshs love, he realized she did not love him and never would and he blamed himself for everything.

Tuesday, December 3, 2019

Math in your feet! Essays - Geometry, Elementary Geometry

Math in your feet?! 3984625571500 When most people think of geometry , they think of triangle s, circles, or other flat shapes . But after spending just a little time in a Math in Your Feet workshop , they may very well start picturing geometry as the angle of a step, the arc of a leap, or t he symmetry of arms spread wide . They can also create patterns with their movements loud ones, if tap shoes are involved. But could tying math to something more dynamic and three-dimensional, like dance , help contextualize it within that bigger picture? Rosenfeld decided to find out. Since she didn't have the background to develop a curriculum on her own, she turned to an educator named Jane Cooney, a mathematics coach in Indianapolis. After working with Cooney for about nine months, Rosenfeld developed an initial version of Math in Your Feet . The program has since integrated a range of math concepts. It is also aligned with the Common Core standards for math . The program is geared toward elementary school students, and it teaches everything from fractions (by learning the difference between a quarter- and a half-turn), congruence (by dancing in unison) and reflection symmetry (by taking opposite but equal steps).