Reference no: EM13868591
This assignment provides you with an opportunity to explore the critical practices of accounting and finance within business, and you are asked to do so in the form of an article review. The title of one article has been provided below, and this article will be the basis for your article review.
Search for this article by typing the following title into the search field (you must include the quotation marks): "Andersen implosion over Enron: an analysis of the contagion effect on Fortune 500 firms".
Briefly describe what you learned about the importance of the auditing process
• How did Enron's bankruptcy impact the financial markets for Enron's competitors?
• Briefly describe the ethical environment that led to the fraud.
• What types of fundamental accounting and auditing practices eventually contributed to the fraud performed by Enron?
• What specific actions (or lack of) led to Enron's bankruptcy?
•After reading the article, draft a 2 page paper by explaining what you learned about accounting and finance. You can include any reflections related to the article; however, address in paragraph form at least the following in your 2 page paper:
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Drop in price in the previous question increase revenue
: Did the drop in price in the previous question increase revenue?
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Health depreciation rate decreases
: Everything else equal, if health depreciation rate decreases, the EQUILIBRIUM Health level
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Why is medicare insulated from recessions
: Why is Medicare insulated from recessions?
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Explain the farmers optimal solution in the free market
: In your own words, explain the farmer’s optimal solution in the free market using marginal cost analysis. How might this solution be suboptimal from society’s perspective? Explain who benefits and is harmed under the free market solution.
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Describe the ethical environment that led to the fraud
: describe the ethical environment that led to the fraud
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The federal funds rate
: Recommend whether the FOMC should rise, lower, or keep short-term interest rates (the federal funds rate) the same. Support your recommendations with your research findings.
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Equilibrium price and quantity-after-tax price to suppliers
: Using the results from previous question (the equilibrium price and quantity), which of the following is true or false? Explain (10 pts., 2.5 pts. each). Equilibrium quantity decreased by 4 units.(explain)
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Impedances in star formation
: A 400V symmetrical three phase source with grounded neutral supplies a load comprising three impedances in star formation. The impendence have the following values:
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Responsive to the scenario and its five messages from pat
: Write a 1,050- to 1,400-word memo, in memo form, that is fully responsive to the scenario and its five messages from Pat. Be careful to follow the instructions presented by Pat at various points in Scenario One
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