| Papers [1-16] of 100 :: [Page 1 of 7] | | Go to page : 1 2 3 4 5 6 7 —> | Search results on "ARTHUR ANDERSEN ENRON SCANDAL": |
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Arthur Andersen and the Enron Scandal, 2002.
Looks at the accounting firm, Arthur Andersen, and its involvement in the Enron scandal.
1,110 words (approx. 4.4 pages), 6 sources, MLA, AU$ 62.95
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Abstract
This paper addresses the question about whether accounting firms should act as consultants for the same companies that they audit. It uses the case of the accounting firm, Arthur Andersen, and its complicity in the Enron debacle to explore this question. The paper also addresses several larger issues on business and accounting ethics and looks at the need for reform in the accounting industry as a way of ensuring public confidence in the integrity of the accounting system.
From the Paper
"In late 2001, Arthur Andersen, one of the world's largest accounting firms, found itself plunged into what will likely be remembered as one of this generations greatest business scandals. The scandal involved Enron Corp., one of America's most successful corporations, and the darling of investors, employees, and market analysts alike. Enron was accused of a multitude of ethical breeches, including deliberately misleading shareholders about the company's true financial status. Ultimately, Enron was found guilty of a number of financial misdeeds, went bankrupt, and Anderson?s involvement in the scandal brought the ethics of accounting firms into question."
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Enron and Arthur Andersen, 2005.
An analysis of the managerial ethics of Enron and Arthur Andersen.
1,350 words (approx. 5.4 pages), 5 sources, AU$ 85.95
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Abstract
This paper examines how the ethical difficulties involved in the case of Enron and Arthur Anderson, the accounting firm that had been responsible for auditing Enron accounts, are both numerous and overreaching. From the initial process of setting up the special purpose entities (SPEs), to the accounting bias fueled by large fees that Enron provided to Arthur Anderson, it looks at how the failure to testify truthfully about the Enron scandal in a court of law, showed a lack ethical decision making.
From the Paper
"The ethical difficulties involved in the case of Enron and Arthur Anderson, the accounting firm that had been responsible for auditing Enron's accounts, are both numerous and overreaching. From the initial process of setting up the special purpose entities (SPEs) to the accounting bias fueled by large fees that Enron provided to Arthur Anderson, to the failure to testify truthfully about the Enron scandal in a court of law, participants showed a lack ethical decision-making. Freeman, in his stakeholder theory of business ethics, argues that businesses do bear social responsibilities for their actions. This paper will examine the actions of both companies against the strictures of the stakeholder model of ethics. "
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The Ethical Dilemma of Arthur Andersen, 2002.
This paper discusses one of the key ethical issues that the accounting firm, Arthur Andersen, faced in the Enron case: A company cannot exist without clients.
1,150 words (approx. 4.6 pages), 7 sources, MLA, AU$ 63.95
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Abstract
The paper discusses that the Enron case was a no-win situation for Arthur Andersen. The paper points out that Arthur Andersen tried to distance themselves from the case in hope that Enron did not get caught, but Enron did get caught. The author feels that Arthur Andersen, despite client loyalty, would have managed the case better if they had severed relationships with Enron much sooner.
From the Paper
"Arthur Andersen was in a tough client relations position. However, there are several points along the way where they could have perhaps at least saved their reputation. One point is when they continued to shred documents after they had been ordered by the courts to stop this activity. Had they at least obeyed that court order, then they may have been able to claim that they were not so deeply embroiled in the controversy and could have perhaps distanced themselves from it. This was the final straw as for as the public and the courts were concerned. Their actions in destroying the court order stood as clear evidence that they were both aware of and in support of the activities at Enron. This act enraged the public the most."
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The Watergate and Enron Scandals, 2006.
An analysis and comparison of the Watergate and the Enron scandals.
675 words (approx. 2.7 pages), 2 sources, AU$ 42.95
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Abstract
This paper compares and contrasts the Watergate and Enron scandals, revealing some significant similarities in terms of their causes and how they were handled, but also a number of major differences. In both scandals, conservatives committed multiple felonies, lied relentlessly in an effort to conceal their crimes, and sought to avoid responsibility by blaming others for the scandal. The major difference between the Watergate and Enron scandals is that Enron is primarily a financial scandal, while Watergate was a political scandal. Another difference between the Enron and Watergate scandals is that Watergate had a much broader and more serious impact on America, for it revealed massive criminal conduct at the highest levels of the government.
From the Paper
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The Enron Scandal, 2006.
An overview of the Enron scandal and the resulting Sarbanes-Oxley Act.
1,679 words (approx. 6.7 pages), 8 sources, MLA, AU$ 87.95
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Abstract
This paper describes the disastrous Enron accounting scandal and how it brought financial destruction to thousands of investors, as well as the resulting Sarbanes-Oxley Act, an act intended to protect investors by mandating the accuracy and reliability of corporate disclosures to the public. The paper recounts the rise of Enron and its financial ruin brought on by fraudulent investments and accounting practices. The paper further describes the Department of Justice investigation into the scandal, its implications, indictments in the scandal and the many important features of the Sarbanes-Oxley Act.
Outline
Introduction
Enron History
Enron's Fall
Implications of the Enron Scandal
The Sarbanes-Oxley Act
Conclusion
From the Paper
"Imagine, one day you are gleefully planning for retirement, you've just received your retirement fund statement and your diligent savings has grown nicely over the years. In fact, you envision traveling the country, during your golden years, or perhaps taking that European cruise you've so dreamed about. Yes, you're finally seeing the light at the end of the tunnel, your careful savings is finally about to pay off. However, in the next moment, it's gone! Completely. Gone are your dreams of cross-country sight seeing. Gone are your dreams of cruising the Mediterranean. In place of these dreams is the nightmare of the reality that your retirement savings is now not worth the paper the statement is printed on. That nightmare is the reality many Enron investors had to face."
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The Enron Scandal, 2002.
A paper which discusses whether current database technologies could have helped prevent the Enron scandal.
720 words (approx. 2.9 pages), 4 sources, MLA, AU$ 41.95
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Abstract
The collapse of Enron, which represents the largest bankruptcy in U.S. history, led to thousands of employees losing their life savings in 401(k) plans tied to the company's stock. Arthur Andersen, Enron's auditing firm, has been indicted for obstruction of justice for allegedly shredding thousands of Enron documents. This paper explores to what extent a business disaster could have been averted by using modern database technology such as knowledge management tools or data warehousing applications to create a safer working environment.
From the Paper
"But what could have prevented so many individuals from losing their life savings? Is there any database application that could have prevented that? Probably not from a user perspective but certainly for an auditing perspective. Data mining allows for the extraction of particular information based on defined goals. Once the attributes are created, the user can extract hidden predictive information from large databases. In the case of Enron's auditing practices, perhaps a data-mining tool would have been able to unearth hidden information. Remember, data mining is data-driven, not user or verification-driven. A user formats a theory about a possible relation in the database and converts this hypothesis into a query."
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The Rise and Fall of Arthur Andersen, 2004.
An overview of the success and failure of this accounting firm.
1,671 words (approx. 6.7 pages), 5 sources, MLA, AU$ 87.95
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Abstract
In recent years, the standards of the accounting profession have been a subject of great scrutiny. The boom of the 90s changed the business environment tremendously. Financial scandals and out-of-hand executives required the reshaping of the accounting industry. This paper shows that at the forefront of all this is the once-famous accounting firm of Arthur Andersen. The paper examines the history and success story of this firm and then examines the issues surrounding the charges of unethical practise.
Paper Outline
Company Background
The Rise of Arthur Andersen
Implications of the Fall of Arthur Andersen
The Fall of Arthur Andersen
After Enron, WorldCom, and the Fall of Arthur Andersen
Bibliography
From the Paper
"In 1997, Andersen paid $7 million to settle fraud allegations arising from an audit of Waste Management Inc. Another whopping $24 million was paid in settlement over allegations that Andersen misrepresented the financial health of American Continental Corp. and its subsidiaries bases in Arizona. On top of that, Andersen was also under investigation by Arizona officials for repeatedly ignoring information that the Baptist Foundation of Arizona was defrauding its customers. After years of clean audits, the foundation was exposed as a multi-million dollar fraud."
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Enron Scandal, 2005.
A look at how the Enron scandal impacted society.
3,105 words (approx. 12.4 pages), 8 sources, MLA, AU$ 145.95
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Abstract
This paper begins by providing an overview of the political and economic situation in American at the time leading up the Enron scandal. The writer proposes that the climate was perfect for such an event and explains why. It then looks at how the companies were dealt with and questions the justice system's handling of the situation. Finally, it questions whether public trust can be regained.
From the Paper
"Any inquiry into the symbiotic relationship between failed giant Enron and tottering survivor Arthur Anderson would be hollow without placing it in the setting of American governance as of the advent of George W. Bush on the political scene, which is to say, in the years leading up to his first selection as president. Writing on the "toxic capitalism" of George W. Bush's first 100 days in the presidency had spewed a whirlwind of pro-business, environmentally harmful executive decisions and legislative initiatives. (Shank, 2002)."
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The Arthur Andersen Debacle, 2002.
An analysis of the well-known accounting firm, Arthur Andersen, providing a brief history and examining the recent failures of the firm.
2,394 words (approx. 9.6 pages), 8 sources, MLA, AU$ 118.95
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Abstract
This paper explores the accounting malpractices within the Andersen Firm. The paper discusses the functions and duties of the firm and the history of the company. The writer describes recent events including the Enron case and a myriad of other cases, accusing Andersen of misleading investors. The paper also examines whether or not the Author Andersen auditing firm is a trustworthy firm to do business with.
From the Paper
"Anderson contracted with the Enron Corporation to perform its audits and provide the audit opinion. The firm performed this task for over ten years and charged Enron almost $48 million in fees in the year 2000 alone. It is believed that Andersen hid the fact the Enron used questionable accounting practices to hide huge losses that Enron had incurred. Andersen has admitted that employees destroyed evidence that exposed the shotty accounting practices."
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The Enron Scandal, 2002.
An analysis of the Enron Scandal - the largest bankruptcy in U.S. history.
1,424 words (approx. 5.7 pages), 4 sources, MLA, AU$ 76.95
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Abstract
One of the widest scandals of corporate corruption in American history came courtesy of Enron, a provider of natural gas and electricity to establishments around the globe. This paper attempts to analyze what went wrong, why the company suddenly declared bankruptcy and evaluates the current government investigation. It looks at the legal issues involved such as fraud and examines some of the social issues such as the resignation of the CEO and the suicide of a top executive.
From the Paper
"There has been mounting concern over transactions and business practices of firms who form special purpose entities. What could have been done to prevent such a scandal? Inquiring minds want to know how management issues and corporate governance problems assisted in the collapse of the once all-mighty Enron. Proper monitoring of business activities and transactions including a protocol to report suspicious activity should have been employed. Enron executives should have routinely monitored off balance sheet transactions, related parties transactions and complex financial transactions, among other things."
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Andersen and Enron: A Question of Ethics, 2004.
Discusses the ethical issues surrounding an accounting firm working as a consultant for the company it audits.
1,110 words (approx. 4.4 pages), 6 sources, MLA, AU$ 62.95
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Abstract
Accounting firm Arthur Andersen's recent involvement in the spectacular Enron scandal has raised a number of questions about whether accounting firms should act as consultants for the same companies that they audit. Clearly, Andersen?s experience shows that is difficult, if not impossible, for an accounting company to avoid conflict-of-interest issues when acting as both a consultant and auditor for a single company. This paper paper shows that the conflict of interest is only one of the serious ethical issues faced by the business world in the past years. As such, clients and investors are becoming increasingly aware of ethical issues, a situation that makes reform in the accounting industry a necessity to ensure public confidence in the integrity of the accounting profession.
From the Paper
"In examining only the behavior of Arthur Andersen, we run the real risk of losing sight of the larger ethical issues that are involved in the Enron fiasco. The behavior of both Arthur Anderson and Enron executives showed a shocking disregard for personal ethics, as well as professional standards, and corporate ethics. Jennifer Beever notes that the business world has responded by taking a renewed interest in the study of ethics. This is a marked difference previous standards of proper business behavior that adhered most strongly to the pursuit of self-interest (Beever)."
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The Arthur Andersen Debacle, 2002.
A discussion of whether or not auditing should be separated from consulting.
2,887 words (approx. 11.5 pages), 11 sources, MLA, AU$ 137.95
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Abstract
This paper analyzes the accounting firm, Arthur Andersen and describes the role Andersen played in the Enron collapse. The paper uses this case to illustrate the debate of whether or not auditing should be separated from consulting. The writer states that the Andersen debacle has been instrumental in informing the public of the flaws of businesses in a capital market.
From the Paper
"In recent months the standards of the accounting profession have been the subject of great scrutiny. At the forefront of this ongoing debate is the accounting firm of Arthur Andersen. The firm has been found guilty of obstruction of justice in the Enron case on the grounds that the company shredded valuable documents relating to the financial collapse of Enron. The purpose of this paper is to explore whether or not auditing should be separated from consulting."
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The Enron Scandal, 2007.
An in-depth look at the Enron accounting fraud and its consequences.
3,014 words (approx. 12.1 pages), 7 sources, MLA, AU$ 142.95
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Abstract
This paper discusses the economy of the accounting industry, the environment in which the Enron fraud occurred and the outcomes of the related lawsuits. The paper presents a SWOT analysis of the company and explores the company's market cap before and after the fraud. The paper concludes that the Enron accounting scandal may be credited with at least setting the stage for accounting reform in the United States.
Outline:
Introduction
The Economy of the Accounting Industry
The Environment of the Fraud
SWOT Analysis
Conclusion
From the Paper
"In the past decade several accounting scandals have emerged; however, the most notable accounting scandal involved the global business giant Enron, an American energy company based in Houston Texas. The Enron scandal encompassed a myriad of complex transactions involving mysterious partnerships that allowed Enron to book huge corporate profits and payments to insiders, while simultaneously ignoring any associated financial liabilities. In just 15 years, Enron grew from nowhere to be America's seventh largest company, employing 21,000 staff in more than 40 countries (BBC News, 2002). The firm's success turned out to have involved an elaborate scam."
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Enron Scandal, 2004.
A look at the scandal from the public's point of view.
2,105 words (approx. 8.4 pages), 9 sources, MLA, AU$ 106.95
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Abstract
This paper aims to explore the shocking discoveries or revelations that have been made during the Enron scandal and its probable impact on accounting procedures, financial management responsibility, and government regulations. The paper concludes with a personal assessment of the shocking discoveries made in the course of the scandal.
From the Paper
"Enron?s stunning collapse has cost thousands of employees their savings and led to criminal and congressional investigation. Formed in 1985, Enron began as an energy company shipping natural gas through pipelines. In 1989, it entered the natural gas commodities market. In 1994, Enron started trading electricity contracts and soon became the largest US electricity trader. By the late 1990s, Enron had ventured into trading coal, paper and even telecom bandwidth. By this time, most of the Enron?s revenues came through trading. However this massive growth came crashing to a halt in October 2001 when the company made an unexpected announcement. It was worth $1.2 billion less than it had previously claimed ? largely due to debts and losses the company had attributed to separate investment partnerships it had created in the late 1990s, all remained unmentioned in the company?s books. Enron declared bankruptcy on December 2. Since then investigation has been going on about the knowledge that Enron?s management had but did not reveal regarding the partnerships. Partner in this accounting scam was Enron?s accounting firm and external auditors, Arthur Andersen who approved those financial statements."
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The Enron Scandal, 2004.
A look at the collapse of the Enron Corporation from an accounting perspective.
1,708 words (approx. 6.8 pages), 6 sources, MLA, AU$ 89.95
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Abstract
This paper examines the reasons for the Enron debacle, the ethical issues involved, and how Enron was able to hide its precarious financial position from the public until the very end. It discusses how the meteoric rise and fall of Enron Corporation is a classic example of how market euphoria in times of an extended bull-run, individual greed, conflict of interest, disregard for ethical business, and unrelenting focus on increasing share value can combine to spell disaster.
Outline
Enron?s Birth: The Beginning of the End?
Enron?s Risky Operations
Ethical Issues
Raptor Oddities
Conclusion
From the Paper
"During the times when Enron was making huge profits due to highly volatile energy prices, and there was widespread perception about the unlimited potential of online trade and technology innovations such as the broadband, things looked very rosy for the company. In the late 1990s, however, other energy companies such as Dynergy, Duke Energy, and El Paso started to enter the field of energy trading and the competition started to eat into the huge profit margins of Enron. Other factors such as falling energy prices in early 2001, the approaching world-wide recession and the broadband bubble burst began to work against Enron?s ?dream? run. The company, in the meantime, had embarked on a culture of cutting trading deals that had a momentum of its own that was hard to stop."
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