'Recent Accounting Scandals '

' pecuniary Reporting morality\n\nAdelphia\n1. John Rigas, opposite Rigas family members, Michael Mulcahey\n2. Adelphia backed get through-the-book loans for the Rigas family totaling 3.1 million dollars. The union in like manner overstated cyberspace and purchased luxury items for the Rigas family.\n3. Companies be supposed to attend the crease-takingholders interests and not the devotes interests. The Rigas family illegitimately used the coin and the resources of the confederation for their deliver crystallize.\n4. Money was stolen from the moving in and the stock set fell and was interpreted off the charts.\n5. The Rigas family cherished to use the company resources for their own gain and were helped by state in the company.\n6. Shareholders had notes stolen from them and befuddled silver when the stock equipment casualty fell.\n\nArthur Anderson\n1. David B. Duncan\n2. Signed off on Enrons faulty product line relationship and then chopped related docu ments later on the SEC launched an investigation into Enrons account statement.\n3. An tender must manifestation at a companies financial statements objectively. It is as well mislabeled to discharge information that is luck of an investigation.\n4. Arthur Anderson and Enron went come forth of business.\n5. Anderson knew if they confronted Enron slightly their faulty accounting they would lose their account.\n6. Arthur Anderson went out of business and their employees had to take care jobs elsewhere. Owners of stock in Enron and Arthur Anderson lost silver.\n\nEnron\n1. chief executive officer Kenneth Lay, chief financial officer Andrew Fastow\n2. high-minded win with off-the-books partnerships. illegally manipulated the zippo markets in Texas and California.\n3. Enron fraudulently make it appear that they were qualification more(prenominal) money than they actually were. They trimively forced energy prices up exploitation questionable and in some cases illegal methods.\n4. Enron filed the largest bankruptcy in history and took their auditor, Arthur Anderson dash off with them. Their collapse brought the stock market follow out and brought the accounting practices of galore(postnominal) other companies chthonic scrutiny.\n5. direction treasured to increase profits and Enrons stock price using any and every(prenominal) method available.\n6. Employees lost their life savings in 401k plans. completely stockholders lost money.\n\n\n international product\n1. Ex- chief executive officer Robert Annunziata\n2. inflated revenue by swapping network might with other providers. Provided excess hire to management.\n3. Swapping contracts do it look bid Global intersection was doing more business than they actually were. Their CEO contract was withal criticized by more for giving too much compensation to the CEO, this may shake off been a leave behind of a lose of proper somatic governance.\n4. Global Crossing went out of business. \n5. Management requireed the company to look more attractive to investors.\n6. Stockholders and employees.\n\nHealthSouth\n1. chairwoman and CEO Richard Scrushy, CFO William T. Owens\n2. Overstated scratch by 1.4 zillion dollars.\n3. Not adhering to GAAP, fraud.\n4. participation stock price...If you want to get a full essay, pose it on our website:

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