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A corporate scandal involves alleged or actual unethical behavior by people acting within or on behalf of a corporation. Many recent corporate collapses and scandals have involved some type of false or inappropriate accounting (see list at accounting scandals ).
The Walmart bribery scandal has shined a harsh spotlight on corporate misdeeds.A media firestorm erupted following allegations this week that the world's biggest retailer's Mexican division bribed ...
The Enron scandal was defined as being one of the biggest audit failures of all time. The scandal included utilizing loopholes that were found within the GAAP (General Accepted Accounting Principles). For auditing a large-sized company such as Enron, the auditors were criticized for having brief meetings a few times a year that covered large ...
Goldman Sachs Tower at 30 Hudson Street in Jersey City.. Goldman Sachs, an investment bank, has been the subject of controversies.The company has been criticized for lack of ethical standards, [1] [2] working with dictatorial regimes, [3] close relationships with the U.S. federal government via a "revolving door" of former employees, [4] and driving up prices of commodities through futures ...
Another day, another corporate apology — or so it seems. Big companies are no strangers to very public mistakes: Tone-deaf advertising, faulty products, and corporate scandals are just a few of ...
From Cambridge Analytica to Deutsche Bank to WhatsApp, we catalog the biggest corporate scandals of the year.
An Enron manual of ethics from July 2000, about a year before the company collapsed. Enron's complex financial statements were confusing to shareholders and analysts. [1]: 6 [10] When speculative business ventures proved disastrous, it used unethical practices to use accounting limitations to misrepresent earnings and modify the balance sheet to indicate favorable performance.
Corporate scandals by country (3 C) E. Enron scandal (1 C, 23 P) N. News Corporation scandal (1 C, 9 P) P. Product safety scandals (1 C, 21 P) S. Savings and loan ...