Sherron Watkins regrets not taking more action back in 1996 when she first concluded that Enrons accounting
Question:
Sherron Watkins regrets not taking more action back in 1996 when she first concluded that Enron’s accounting might not be in accordance with GAAP. Explain how GVV training might have helped her bring the matter to a successful resolution at that time.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (6 reviews)
The premise of GVV is that while most people know what the right thing to do is and want to do it they either dont know how to go about it or lack the confidence to actually do it Sharon Watkins clear...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Ethical Obligations And Decision Making In Accounting Text And Cases
ISBN: 9781264135943
6th Edition
Authors: Steven Mintz
Question Posted:
Students also viewed these Business questions
-
In this chapter we discuss the role of Sherron Watkins in the Enron fraud. Evaluate Watkins thought process and actions from the perspective of Kohlbergs model. Do you think she went far enough in...
-
How might differences in income tax accounting between U.S. GAAP and IFRS lead to differences in effective tax rates between U.S. GAAP and IFRS companies? Please emphasize how differences affect the...
-
Watkins has a $ 15,800 invoice that is due in 60 days. If Watkins pays the invoice in 10 days, it can take advantage of a 2 percent cash discount offered by the supplier. Alternatively, Watkins can...
-
The Policy Committee of your company decides to change investment strategies. This change entails an increase in exposure to the stocks of large companies producing consumer products dominated by...
-
You are considering developing a regression equation relating a dependent variable to two independent variables. One of the variables can be measured on a ratio scale, but the other is a categorical...
-
Again consider the modified system configuration described in the previous problem and estimate the effects of temperature and pressure on conversion. Do this by calculating CO and Hconversions and...
-
Identify three conditions that must exist before either difference or ratio estimation can be applied.
-
Radomir Company buys merchandise on account from Lemke Company. The selling price of the goods is $780, and the cost of the goods is $470. Both companies use perpetual inventory systems. Journalize...
-
Officer Fredricks is an officer with five years in the department and is working patrol. Officer Fredricks often eats with his co-workers when they do not have calls together. The officers routinely...
-
The annual planning process at Century Office Systems, Inc. had been arduous but produced a number of important marketing initiatives for the next year. Most notably, company executives had decided...
-
How do the reasons and rationalizations of GVV influence the culture of the organization?
-
Leaving home for the first time and going off to college is an exciting and stressful time for tens of thousands of students across the United States each year. Leaving the familiarity of family,...
-
N = 2.5103 wire turns are uniformly wound on a wooden toroidal core of very small cross-section. A current I flows through the wire. Find the ratio of the magnetic induction inside the core to that...
-
Suppose stock in Banda Corporation has a beta of .80. The market risk premium is 6 percent, and the risk-free rate is 6 percent. Banda's last dividend was $1.20 per share, and the dividend is...
-
Discuss medial temporal lobe amnesia, emphasizing the cases of H.M. and R.B. What have we learned from the study of this disorder? Compare the following three theories of cerebral asymmetry: the...
-
Calculate the price of a one-year bond with quarterly coupons of 8^ per annum, a yield of 6% per annum and face value of $100 where the bond is purchased with 50 days to the first coupon payment and...
-
What are you supposed to do? 1. Watch the first episode of the first season of this tv show "The Office" 2. There are five main characters in the episode: a. Michael Scott, regional manager of the...
-
Compare and contrast Parkinson's disease and Huntington's disease. Describe and discuss two important ideas that have emerged from research on the effects of stress on health. Explain the research...
-
A vector space over the complex numbers C has the same definition as a vector space over the reals except that scalars are drawn from C instead of from R. Show that each of these is a vector space...
-
Find the equation of the plane passing through the points P 5,4,3 ,Q 4,3,1 and R 1,5,4
-
a. Do you think it is the same to act in your own self-interest as it is to act in a selfish way? Why or why not? b. Do you think enlightened self-interest is a contradiction in terms, or is it a...
-
In this chapter we discuss the Joe Paterno matter at Penn State. Another situation where a respected individuals reputation was tarnished by personal decisions having nothing to do with performance...
-
One explanation about rights is that there is a difference between what we have the right to do and what is the right thing to do. Explain what you think is meant by this statement.
-
This is a slip and fall case. Plaintiff was injured when she slipped and fell in the defendant's fast food restaurant. Plaintiff claims the floor was wet and slippery when she fell. Defendant denies...
-
1. Explain what the "Deinstitutionalization Mandate" is. This should be done in at least two paragraphs. 2. In another two paragraphs, discuss how status offenses are connected to the...
-
You are the owner of a very small business that sells gourmet coffee. You sell only one product, a 12-ounce bag of whole-bean French roast coffee. You sell each bag of coffee for $14 each, but due to...
Study smarter with the SolutionInn App