Discuss the consequences (if any) concerning the auditors.Choose any five of the aforementioned scandals and complete the dot point questions.
Discuss the consequences (if any) concerning the auditors.Choose any five of the aforementioned scandals and complete the dot point questions.
Discuss the consequences (if any) concerning the auditors.
Question 1. (6.5 marks)
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Choose any five of the aforementioned scandals and complete the dot point questions.
Discuss the consequences (if any) concerning the auditors.
Waste Management Scandal (1998)
Company: Houston-based publicly traded waste management company
What happened:
Main players:
How they did it:
How they got caught:
Penalties:
Auditors:
Enron Scandal (2001)
Company: Houston-based commodities, energy and service corporation
What happened:
Main players:
How they did it:
How they got caught:
Penalties:
Auditors:
WorldCom Scandal (2002)
Company: Telecommunications company;
What happened:
Main player:
How he did it:
How he got caught:
Penalties:
Auditors:
Tyco Scandal (2002)
Company: New Jersey-based blue-chip Swiss security systems.
What happened:
Main players:
How they did it:
How they got caught:
Penalties:
Auditors:
HealthSouth Scandal (2003)
Company: Largest publicly traded health care company in the U.S.
What happened:
Main player:
How he did it:
How he got caught:
Penalties:
Auditors:
Freddie Mac (2003)
Company: Federally backed mortgage-financing giant.
What happened:
Main players:
How they did it:
How they got caught:
Penalties:
Auditors:
American International Group (AIG) Scandal (2005)
Company: Multinational insurance corporation.
What happened:
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