' financial Reporting moral philosophy\n\nAdelphia\n1. John Rigas, former(a) Rigas family members, Michael Mulcahey\n2. Adelphia backed mangle-the-book loans for the Rigas family totaling 3.1 one million million dollars. The friendship in any case overstated honorarium and purchased luxury items for the Rigas family.\n3. Companies be supposed to service the lineholders interests and not the presents interests. The Rigas family unlawfully used the bills and the resources of the telephoner for their give educe.\n4. Money was stolen from the affair and the argumentation legal injury fell and was interpreted off the charts.\n5. The Rigas family precious to use the company resources for their own gain and were helped by peck in the company.\n6. Shareholders had currency stolen from them and unconnected silver when the stock wrong fell.\n\nArthur Anderson\n1. David B. Duncan\n2. Signed off on Enrons faulty explanation and then tear related documents aft(prenomin al) the SEC launched an investigating into Enrons history.\n3. An listener must odor at a companies financial statements objectively. It is pointlessively illegal to write garbage stamp out information that is farewell of an investigation.\n4. Arthur Anderson and Enron went emerge of business.\n5. Anderson knew if they confronted Enron or so their faulty accounting they would lose their account.\n6. Arthur Anderson went out of business and their employees had to recuperate jobs elsewhere. Owners of stock in Enron and Arthur Anderson lost money.\n\nEnron\n1. chief executive officer Kenneth Lay, chief financial officer Andrew Fastow\n2. rarefied gain with off-the-books partnerships. illegally manipulated the power markets in Texas and California.\n3. Enron fraudulently do it appear that they were reservation to a greater extent money than they actually were. They in any case forced energy prices up victimisation questionable and in some cases illegal methods.\n4. Enron filed the largest bankruptcy in history and as well ask their auditor, Arthur Anderson down with them. Their collapse brought the stock market down and brought the accounting practices of legion(predicate) other companies on a lower floor scrutiny.\n5. solicitude inadequacyed to increase profits and Enrons stock price use any and every(prenominal) method available.\n6. Employees lost their life savings in 401k plans. every(prenominal) stockholders lost money.\n\n\n world-wide pass over\n1. Ex- chief executive officer Robert Annunziata\n2. inflated revenue by swapping network qualification with other providers. Provided excess salary to management.\n3. Swapping contracts do it look manage Global intersection point was doing more business than they actually were. Their CEO contract was alike criticized by more for giving too much compensation to the CEO, this may rush been a resultant role of a inadequacy of proper incorporate governance.\n4. Global Cross ing went out of business.\n5. Management wanted the company to look more attractive to investors.\n6. Stockholders and employees.\n\nHealthSouth\n1. president and CEO Richard Scrushy, CFO William T. Owens\n2. Overstated earnings by 1.4 cardinal dollars.\n3. Not adhering to GAAP, fraud.\n4. confederation stock price...If you want to get a full essay, tramp it on our website:
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