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Essay

The Demise of the Big 5

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Rolland B

 

Date added:

November 27, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 824

 

Was viewed:

5611 times

 

Rating of current essay:

 
Essay content:

These firms differ from other firms due to their total revenues, size, and global reach. Arthur Andersen, a well-respected accounting firm that has served clients for more than 89 years is reeling from its involvement in the Enron Audits. Because of the actions of this accounting firm and many others there are literally thousands of former Enron Employees, who have lost their jobs and, much if not all, of their retirement savings...
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Corporation that is as large as Enron. With assets of more than $65 billion in 2000, Enron did not seem in danger of collapsing under a wave of accounting scandals. The full scope of the details surrounding Enron’s demise is still completely not known. Because of the December 2001 bankruptcy of Enron less than a month after management admitted accounting errors that inflated its earnings by almost $600 million since 1994...
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