Enron Samenvattingen, Aantekeningen en Examens

To complete this discussion, please base your work on Enron, WorldCom, or another white collar crime story of your choosing. Name the company you selected and briefly summarize the crime. Do you think that the CEOs and other corporate officers involved were justly held criminally responsible or not? Explain your perspective. Do you believe that business can regulate itself to act ethically, or is government oversight a necessity to protect the public from financial wrongdoing? Explain your ...

CHC (2023/ 2024) Exam V2 |150 Questions and Verified Answers| 100% Correct Q: Why is Caremark International Derivative Litigation important in Corporate Compliance? Answer: The 1996 U.S. Civil settlement of Caremark International, Inc. Decision established Corporate directors breached their oversight duty by failing to adequately supervise their employees when they knew/should've known a violation of law was occurring. Ref: 698 A.2d 959 (Del. Ch. 1996). Org entered into a 5-year impose...

The ACFE does NOT include which of the major categories of occupational fraud listed below? a. asset missappropriations b. corruption c. fraudulent statements d. pension fraud Answer. D A company is a victim of a $414 million fraud. At the time its profit margin is 10%. How much additional revenue should the company generate in order t orecover the effect on net income? a. 414 million b. 41.4 million c. 41.1 billion d. 4.14 billion 2 | P a g e Answer. d Fraud in companies such...

BMGT 364 Final Exam Questions and Correct Answers Why study leadership? - ANSWER Faster rate of change Command and control- less effective and accepted Impact on the bottom line Responsibility and Ethical considerations Faster rate of change - ANSWER one major role of leadership is to adapt and predict change. With the increase in the rate of change in many fields and markets, understanding leadership becomes more important. (i.e. technology) Command and control - ANS...

Which of the following was a former Enron executive? : Jeff Skilling How did the Wall Street Journal reporters find out about the partnership agreements that Enron was engaged in? : SEC filings Which of the following is true regarding the charges brought against Ken Lay by federal criminal authorities? : Lay was charged with misleading investors, plead not guilty, was convicted in 2006, but his conviction was vacated due to his death shortly after the trial. After listening to the ep...

CSU ACT 205 Exam 2 Questions and Correct Answers Reasons for incorrect financial statements - ANSWER errors fraud Occupational fraud - ANSWER the use of one's occupation for personal enrichment through the deliberate misuse or misapplication of the employer's resources. -2 parts: misuse of resources and financial statement manipulation Fraud triangle - ANSWER three elements present in fraudulent activity= opportunity, financial pressure, rationalizatio...

When was the Sarbanes Oxley Act (SOX) signed into law? - ANSWER-July 30, 2002... President Bush SOX was in response to: - ANSWER-Enron, WorldCom, HealthSouth, Tyco, and other corporate scandals SOX does not apply to: - ANSWER-privately-held corporations T or F: Under the Sarbanes-Oxley Act, the accounting profession is more regulated than before the act was passed. - ANSWER-True T or F: The Sarbanes-Oxley Act increased penalties for white collar crimes. - ANSWER-True T or F: Under...

Fraud Examination Exam 1 Questions and Answers Already Passed The ACFE does NOT include which of the major categories of occupational fraud listed below? a. asset missappropriations b. corruption c. fraudulent statements d. pension fraud Answer. D A company is a victim of a $414 million fraud. At the time its profit margin is 10%. How much additional revenue should the company generate in order t orecover the effect on net income? a. 414 million b. 41.4 million c. 41.1 billio...

This chapter has a lot of definitions. They are important, but we don't like to make students memorize too many of them early in the course. We let our students use the formula sheet that includes the key definitions. Note that there is an overlap between the T/F and multiple-choice questions, as some of the T/F statements are used in multiple-choice questions. Multiple Choice: True/False 1. The annual report contains four basic financial statements: the income statement, the balance...

notion : kavram, fikir, görüş - He has some pretty strange notions. ▪ I only have a (slight) notion of the poem's meaning. ▪ She had a vague notion about what happened. at stake : risk altında, tehlikede, şansa bağlı - there is more at stake than ever in doing well at school, - in a position to be lost or gained ▪ Millions of dollars are at stake in the battle over his inheritance. ▪ Thousands of jobs are at stake. ▪ Many lives are at stake. ▪ My reputation is at st...