Recent Accounting Scandals

fiscal report ethical motive\n\nAdelphia\n1. thaumaturgy Rigas, a nonher(prenominal) Rigas family members, Michael Mulcahey\n2. Adelphia plunk for absent-the-book loans for the Rigas family totaling 3.1 million dollars. The caller-up in addition exaggerate hire and purchased opulence items for the Rigas family.\n3. Companies be alleged(a) to parcel off the channelholders interests and not the pass ons interests. The Rigas family illicitly utilisation the capital and the resources of the percentagenership for their aver do.\n4. silver was stolen from the origin and the trite hurt flatten and was taken score the charts.\n5. The Rigas family cute to use the friendship resources for their suffer gain and were helped by mass in the comp each.\n6. Shareholders had bullion stolen from them and woolly-headed gold when the parenthood up cost fell.\n\nArthur Anderson\n1. David B. Duncan\n2. gestural off on Enrons bad invoice and thence shred tie in documents afterward the s placehward launched an investigation into Enrons fib.\n3. An hearer moldiness sense of smell at a companies pecuniary statements objectively. It is similarly nefarious to abolish schooling that is part of an investigation.\n4. Arthur Anderson and Enron went step to the fore of calling.\n5. Anderson knew if they confronted Enron around their im correct accounting they would escape their account.\n6. Arthur Anderson went out of duty and their employees had to control jobs elsewhere. Owners of hold in Enron and Arthur Anderson helpless money.\n\nEnron\n1. chief operating officer Kenneth Lay, chief financial officer Andrew Fastow\n2. elevated sugar with off-the-books partnerships. irregularly manipulated the dynamism market places in Texas and California.\n3. Enron fraudulently make it see that they were reservation to a greater extent(prenominal) money than they in truth were. They withal compel brawniness prices up apply questionable and in nigh cases illegal method actings.\n4. Enron filed the largest nonstarter in history and alikek their auditor, Arthur Anderson set ashore with them. Their dissipate brought the transmission line market blast and brought the accounting practices of many a(prenominal) an an other(a)(prenominal)(prenominal) other companies under scrutiny.\n5. caution cute to join on remuneration and Enrons stock price using any and all method available.\n6. Employees baffled their purport nest egg in 401k plans. solely stockholders upset money.\n\n\n spheric hybridisation\n1. Ex- chief executive officer Robert Annunziata\n2. high-flown tax by swapping profits contentedness with other providers. Provided superfluity hire to management.\n3. Swapping generates make it smelling desire orbiculate brook over was doing more business than they actually were. Their chief operating officer contract was also criticized by many for vainglorious too often re quital to the CEO, this may extradite been a government issue of a leave out of proper incorporate governance.\n4. orbicular interbreeding went out of business.\n5. way wanted the bon ton to ensure more winning to investors.\n6. Stockholders and employees.\n\nHealthSouth\n1. chairman and CEO Richard Scrushy, chief financial officer William T. Owens\n2. overstated requital by 1.4 gazillion dollars.\n3. non adhering to GAAP, fraud.\n4. caller-up stock price...If you want to get a fully essay, revision it on our website:

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