Arthur Andersen Essay - 1532 Words

1. For nearly 90 years, Andersen had a culture of doing the right thing. Moral courage defined the organization. However, there was a gradual erosion of the culture. Name three cultural changes that contributed to Andersen’s problems and defend your position. The first cultural change was that Andersen embarked on a path that valued consulting service which charged hefty fees ahead of auditing in 1990s. Compared to its original major service, auditing that required accountants to insist independence of judgment, consulting should cater to clients’ requirements and fix problems from client’s perspectives. The situation that two roles mixed in Andersen made top managers decide to sell more consulting service which earned higher profits.†¦show more content†¦Assigned auditors were more than aware of the accounting misrepresentation of financial statements, overstating net income. Still instead of walking away from the client and resign, Andersen in pursuing short-term goals stayed with the company and moreover played by the Giant’s rules. More and more accounting firms at that time started to provide consulting services along with auditing to the same companies which always indicates a conflict of interests. Aud itors are the guardians and rules players where consultants are giving advices and showing how to avoid some accounting oversights. Andersen also in order to make good profits stepped on the side of combining two contradicting to each other services. Waste Management had lots of former Arthur Andersen employees which also led to close ties between two companies. That situation undoubtedly led to inability to turn down fraudulent accounting practices Waste Management was exercising at that time for a long period of time. Arthur Andersen auditors continued signing off with unqualified opinions. Of course, in a long run misstatement or misrepresentation of true financial situation of waste hauler would lead to a company’s inability to pay its debts and go bankrupt. In this case, and, unfortunately, many more others, Arthur Andersen pursued short-term goals of making good profits since Waste Management was one ofShow MoreRelatedArthur Andersen Case2216 Words   |  9 PagesOverview In order â€Å"to offer high-quality accounting services†, Arthur Andersen (AA), a Northwestern accounting professor started a business to offer services to clients promoting â€Å"integrity and sound audit opinions over higher short-run profits†. The company’s â€Å"four cornerstones† was good service, quality audits, well-managed staff, and profits for the firm. Their strategy was to focus on quality and high standards of audits rather than profits, a very successful strategy that led to consistentRead MoreArthur 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 MoreArthur Andersen And Enron Case Essay983 Words   |  4 Pages The case is about Arthur Andersen s role in accounting fraud at Enron which was one of its major clients. The criminal charges faced by the firm in the Enron case and how the Enron case eventually led to the closure of Arthur Andersen company. The company was convicted in 2002 of one count of obstruction of justice because of its role in Enron’s auditing. After the conviction, the firm could no longer provide public accounting services. On June 15, 2002, Arthur Andersen was convicted of obstructionRead MoreArthur Andersen s Enron Case918 Words   |  4 Pages The case is about Arthur Andersen s role in accounting fraud at Enron; Enron was one of its Arthur Andersen major clients. The criminal charges faced by Andersen in the Enron case and how the case eventually led to the closure of the company. It was convicted in 2002 of one count of obstruction of justice because of its role in Enron’s auditing. After the conviction, the firm could no longer provide public accounting services. On June 15, 2002, Arthur Andersen was convicted of obstruction ofRead MoreRise Fall of Arthur Andersen, LLP1016 Words   |  5 Pagesï » ¿ March 4, 2014 Rise Fall of Arthur Andersen, LLP Abstract Enron was a natural gas company that was formed in 1985 by Kenneth Lay. By 1992, Enron was the largest selling company of natural gas in North America. In October 2001 a scandal involving Enron was emerging. This scandal led to the fall of the company. The Enron case and many others cases led to the collapse of other companies that did business with them which included oneRead MoreManagement Planning Paper on Arthur Andersen1221 Words   |  5 PagesRunning head: Management Planning Paper on Arthur Andersen Management Planning Paper on Arthur Andersen In 1913, the company Arthur Andersen started by Arthur Andersen and Clarence Delany by the name of Andersen, Delany, Co. In 1918, it was given the name Arthur Andersen Co. The company supplied tax, consulting services and auditing for the large business, and itself had a position in the Big Five accounting firms. In 2002, this firm was found guilty for auditing an energy corporationRead MoreCapstone Case Study – Arthur Andersen LLP Essay1871 Words   |  8 Pagesï » ¿Individual Project Capstone Case Study – Arthur Andersen LLP Bus 680 – Economics for Business Decisions Summer 2013 1. Discuss the environmental, strategic and organizational changes that occurred over the life of Andersen in the context of figure 11.1. While Andersen started off as a stable environment, once changes started being made to the main focus of the company many changes were expedited. While still successful in it’s auditing business, other opportunities arose that allowed for quickerRead MoreCase Analysis Arthur Andersen: Questionable Accounting Practices1000 Words   |  4 PagesCase Analysis Arthur Andersen: Questionable Accounting Practices ââ€" Introduction Arthur Andersen LLP, which is over a span of nearly 90 years, would become one of the Big five largest accounting firms in the United States. Moreover, the accounting firm seen as the symbol of trust, integrity and ethic. The good reputation is derived from the advent of consulting business, which was developed by Leonard Spack. However, with the growth of consulting services, many accounting firms viewed it as aRead MoreHonesty And Integrity At Arthur Andersen1814 Words   |  8 PagesArthur Andersen From Honesty to Fraud At the end of 2001, the reputation of honesty and integrity at Arthur Andersen LLP plummeted to the bottom. The public trust in their ability to perform independent and trustworthy audits had completely vanished. The firm, which for centuries had been a leader in setting audit standards, was now indicted with obstructing of justice when it became known how much knowledge Arthur Andersen had of the wrongdoings at Enron as well as the destruction of papers toRead MoreCase Study of Arthur Andersen1399 Words   |  6 PagesBusiness Ethics Decision-Making Cases Write-ups Arthur Andersen: Questionable Accounting Practices Name: Wen Jiangshan Student ID:2011008274 Part I. Summary of the case Case 2 mainly introduces how Arthur Andersen, who used to be one of the â€Å"Big Five† largest accounting firms in the United States, strayed away from accepted policies and stuck in a string of accounting scandals, finally closed its doors after 90 years of business. The firm’s name was synonymous with

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Final Project Analyze a Sociological Issue Free Essays

string(65) " pursuit of the American Dream of freedom and financial release\." Axia college of university of phoenix| Final Project: Analyze a Sociological Issue| SOC 120 | | | February 15, 2009| Project: Analyze a Sociological Issue In this course you have learned about many different kinds of social problems and controversial issues in societies around the world and in the United States, such as poverty, social inequality, race and cultural discrimination, gender stratification, environmental damage, population growth, and urbanization. ? Due Date: Day 7 [post to the Individual forum] Write a 1,750- to 2,450-word paper examining the impact of a current social problem on a particular social group. You may choose a social problem and social group from the Suggested Social Problems and Social Groups List in Appendix A, or you can research a social problem and social group that is not in the list. We will write a custom essay sample on Final Project: Analyze a Sociological Issue or any similar topic only for you Order Now However, if you choose your own, you will need to submit a request to the instructor by Week 4. Format the paper according to APA style. Cite 3 to 5 sources; at least two should come from the Online Library. You can also refer to the Recommended Web Sites list in the Electronic Resources section at the beginning of this syllabus for additional sources. Note: Sources other than those from the Online Library or the Recommended Web Sites list need to be approved by the instructor. Submit the paper as an attachment| Racial Discrimination and Hispanics in the United States Even though the population of Hispanic People is growing in the United States, the Hispanic People are still somewhat discriminated against. Growing up in the South West, I have seen many changes in Race and its role in the community I live in. Recent growth in immigration from Mexico has brought about many different feelings and faces to this community. Phoenix, Arizona has become a place of much racial diversity and racial tensions. Hispanic cultures are a prevalent part in Arizona and the Mexican people have become a major part of Arizona politics, I was talking with a Postal Delivery Person and he stated that most new occupants are of Hispanic Descent, and this trend seems to be on the rise. In this community the white race is still predominate but change will come in as the Hispanic Peoples will become more predominate than white, English speaking people, soon I will have to speak two languages, which in my case, I do. Conventional wisdom holds that Latin America is a highly discriminatory society. â€Å"Understanding the extent of such discrimination and exploring the channels through which it operates deserve special attention†. (Alberto Chong,   Hugo Nopo). (2008). Racial discrimination is a term used to describe unruly or unfair behavior afflicted on individuals based on their race. Historically, racism existed from ancient times, one particular race always tried to exert its supremacy over the others resulting in a concept known as racial discrimination. â€Å"Before I go any further, we need to know what makes up Hispanic America†. Mexican Americans: Mexican Americans have become a part of American and have given America much to brag about; through a growing political presence the Mexican community has brought a culture that is rich in heritage which is a vital part of modern America. Mexican Americans have attained socioeconomic and linguistic assimilation as well as legal status. Most are in pursuit of the American Dream of freedom and financial release. You read "Final Project: Analyze a Sociological Issue" in category "Papers" Dominican Americans: The native language of Dominicans is Spanish with English being a second language, many Dominicans hold fast to the Dominican Republic as their homeland and many Dominicans migrate back to their country where they were born. Immigration issues abound in this culture, many Dominicans come to America illegally by way of Puerto Rico; Dominicans enjoy living the American dream with the American culture already understood by many before they come to America. Puerto Rican Americans: Puerto Rico is a Commonwealth of the United States and has its own Constitution, Legislature and Governor, all subject to United States Executive Authority. English is taught in schools in Puerto Rico but Spanish is the primary language, due to Commonwealth status, all Puerto Ricans are American Citizens (considered migrants versus immigrants), much is debated in the political arena, with may advocating for full United States statehood and those who wish for complete independence from the United States. Cuban Americans: Many Cuban Americans have come to the United States through political exile, and many have settled in Miami, Florida and a significant number living throughout the United States. The Cuban American, coming to America, in Miami, have created a type of reverse assimilation into American culture, bringing about the terminology known as reverse acculturation, where the residents in Miami have accepted political dominance as well as the economic impact Cuban Americans have on this geographical area. From humble beginnings, earlier generations viewed as lower forms of society, worked hard and obtained citizenship that proved the resiliency of this Hispanic American. Religion has played a major role in most Hispanic American culture; the Roman Catholic Church has influenced many Hispanic Americans but a trend to move away from the Catholic Church, with many Hispanic Americans becoming Protestant, most being Baptist. At any case, Most Hispanic Americans are Religious, and this influences many in today’s Hispanic American culture. One would think that modern society would have learned how to cope with racial discrimination and especially with Hispanics and all the contributions that this Ethnic Group has given to the United States. As American society’s diverse population grows in the next Century the Hispanic Population will continue to grow as well as contribute to our Nation’s economy and society. Hispanic Americans have become a part of America, and have given America much to brag about; through a growing political presence the Hispanic community has brought a culture that is rich in heritage which is a vital part of modern America. Hispanic Americans have attained socioeconomic and linguistic assimilation as well as legal status. Most are in pursuit of the American Dream of freedom and financial release. In America’s case racial discrimination is a reality among Native Americans, African Americans, Hispanic Americans and other immigrant groups and in spite of the ethnic growth throughout America over the past 30 years, racial minority groups like Hispanics continues to struggle for full Equal Rights. Hispanic or Latin Americans make up 12. 5 percent of America’s population, but Hispanics always have been considered a minority group and continue to be discriminated against in the work place as well as seeking accommodation and gaining other public services. Since 911 things have gotten worse in states that border Mexico, for anyone with darker colored skin, according to National Catholic Reporter,  Ã¢â‚¬Å"At Ray Carrillo’s welding yard in El Paso, Texas, neighbors talk about the Guard. They also talk about citizen militias like the Minutemen–a local one is called the Border Regulators–that have appeared. And they talk about the sheriff, who has detained more than 800 undocumented persons at roadblocks and turned them over to the Border Patrol. Deputies even asked U. S. citizens who looked Mexican to present papers, according to residents who say they were asked. In late October deputies confronted shop owner Jose Rodriguez, who had posted a handwritten sign in Spanish on his property warning neighbors of a renewed roadblock. Rodriguez’s wife, Maria, said the family now felt â€Å"threatened. † A deputy had called for backup and more patrol cars arrived, according to the couple. â€Å"Now I am going to be here seven days a week,† they said the deputy insisted. When Rodriguez complained, â€Å"You’re going to break my business,† a deputy said, â€Å"We’re going to be here until you close your business,† according to the couple†. McConahay, M. J. (Nov 17, 2006). Hispanic residents wonder if they’re friend or foe). As National security is a concern to every American Citizen, â€Å"including Hispanic Americans† We must differentiate between enemy and friend. In Maricopa County, the County Sheriff Joe Arpaio and County Attorney Andrew Thomas have enforced immigration laws and cre ated a task force that targets illegal aliens and those who hire them and is of much debate among the Hispanic community in Arizona. The key racial issue in this area is illegal immigration and the effect this problem has had on violent crime in Maricopa County and rising crime in my neighborhood. According to a Maricopa County Attorney News Release, (October 2, 2008), â€Å"An analysis of all defendants sentenced for felonies in 2007 in Maricopa County Superior Court shows 18. 7% to in the United States illegally. Factoring in a random sample of those whose immigration status was initially unknown and later determined to be illegal, the study finds that number rises to 21. %†. This has a direct effect on me and those who are close to me because, it is not known if we should plan to defend our property and make it more secure. With increased problems due to increased migration from Mexico and other countries throughout Mexico, I may be forced to move to a different area where I and my family will feel more secure. The media in the Maricopa County area has different views on the issue of illegal immigration and the so called Illegal Immigration Round-Ups. With most of the media taking the safe route, there are a few that speak out against the County Attorney and the County Sheriff, claiming both are bias and use racial profiling as a means of locating illegal aliens in these Round-Ups. All of these statistics have a profound effect upon the Hispanic American community, when racial profiling continues even when the Hispanics of the United States have been here longer than many other racial groups, the law needs to reconsider how they move forward with security, and what many consider harassment. We can see this during World War II, when America viewed Japanese victories in the Russo-Japanese War reinforced the belief that the Western World was facing a yellow peril. For two decades, after the Russo-Japanese War many Americans believed that a United States war with Japan was inevitable. The image of the yellow peril was mirrored for Americans by the writings of various authors, newspaper editors, columnists, and movies in which Orientals were portrayed as sinister villains engaged in activities of vengeance and treachery. Many Japanese Americans were subjected to concentration camps in Arizona and throughout the Western United States. If American society does not take into account what happened during these dark years of World War II, we may see issues with Hispanics in America being forced to live in certain areas consigned to the Hispanic Community due to boarder tensions with Mexico and Latin Americas. According to the racial discrimination act, it is illegal to discriminate people in the areas of public life on the basis of their race. These areas include employment, housing accommodation, real estate buying, and provision of goods and services, accessing public places, using public transportation services and in advertising. Under this act, even an offensive or abusive behavior or language that is based on racial vilification is prohibited. In my opinion, it is difficult to accurately measure prejudice in America but to a certain degree, yes, prejudice can be measured. When I say â€Å"to a certain degree†; one cannot know for certain if the person is totally prejudiced against another race. My preference for people of my ethnic background does not make me prejudice. I believe the human race as a whole comes from one blood, but for some reason has taken on the different characteristics we now see in the diverse human race. Racial Tensions as well as Prejudice against those who have come to America in the last century have excelled for no apparent reason as we that make up modern America, that came to this beautiful country at one time or another, many racial groups have faced prejudice such as the Irish and Italian immigrants, African Americans, and the list goes on and on. It seems as though wherever human society is, there will always be discrimination against some group or groups. I believe we as American Citizens must come together (especially in these tough economic times) and create a wonderful diverse America, where â€Å"everyone† can be proud of the American flag and the land of the free as our ancestors who migrated to America did. Reference (s): Axia College of University of Phoenix (2008). Chapter One Through Sixteen, Society: The Basics, Eighth Edition by John J. Macionis (2006). Retrieved February 15, 2009, from Axia College, Week Six reading, SOC 120 Introduction to Sociology aXcess Web site. Axia College of University of Phoenix (2008). Racial and Ethnic Groups, Tenth Edition. Retrieved Feburary 15, 2009, from Axia College, Week Six reading, ETH 125 Cultural Diversity aXcess Web site. Alberto Chong,   Hugo Nopo. (2008). The Mystery of Discrimination in Latin America/Comments. Economia,  8(2),  79-115. Retrieved February 13, 2009, from ABI/INFORM Global  database. (Document ID:  1579566311). McConahay, M. J. (Nov 17, 2006). Hispanic residents wonder if they’re friend or foe. National Catholic Reporter,  43,  5. p. 7 (2). Retrieved  February 15, 2009,  from  General OneFile  via  Gale: http://find. galegroup. com/ips/start. do? prodId=IPS Maricopa County Attorney News Release, October 2, 2008. Retrieved February 15, 2009 from: http://www. mcaodocuments. com/press/20081002_a. pdf Information about Hispanic Americans Retrieved Feburary15, 2009 from the following Web site (s): http://www. topuertorico. org/people. shtml http://en. wikipedia. org/wiki/Cuban_American http://www. mexicanamericans. com How to cite Final Project: Analyze a Sociological Issue, Papers