Formbottom Of Form

Submitted By asdsa2002
Words: 1231
Pages: 5
| | | |

-------------------------------------------------
Top of FormBottom of Form | | | Home | | | News | | | companies | | company research | | deals | | economy | | financial news in brief | | industry watch | | international | | | Markets & Stocks | | Commentary | | Technology | | Personal Finance | | Retirement | | Mutual Funds | | Money 101 | | Money's Best | | Track your stocks | | Calculators | | | | -------------------------------------------------
Top of FormBottom of Form | CNN on TV Watch CNN video Buy show videos

Services

CNN.com

CNNSI.com

MONEY Magazine Customer Service | | E-MAIL NEWSLETTERS sign up!

MOBILE NEWS •AvantGo sign up! |

| | News > Companies | | | | | | Andersen auditor questioned Enron | Carl Bass raised accounting issues with Enron in 1999, documents show.
April 2, 2002: 7:24 PM EST | NEW YORK (CNN/Money) - Arthur Andersen auditor Carl Bass questioned Enron Corp.'s accounting practices as far back as December 1999, documents released Tuesday by congressional investigators show. Bass expressed his discomfort in December 18, 1999, with Enron's aggressive hedging strategy for derivatives. In a message to John Stewart, an Andersen partner in Chicago, Bass said he told colleague David Duncan that he objected to using one derivative to hedge another derivative. Duncan was the lead audit partner on the Enron account. | | | | | | | | | |
"Derivatives cannot hedge derivatives for accounting purposes -- now or under FASB 133," Bass said. "Does Dave [Duncan] think his accounting works even under FASB 133? No way." Both Bass and Duncan reportedly are in talks with federal prosecutors and their testimony could be used in the obstruction case against Andersen. Andersen in January fired Duncan for instigating the destruction of Enron Corp. documents. Houston-based Enron allegedly used off-the-book transactions to hide $1 billion in debt and to inflate profits. Enron, once the nation's seventh-largest company, filed the largest bankruptcy in U.S. history last December. Arthur Andersen, Enron's auditor for 16 years, was hit with a federal indictment March 14 for allegedly obstructing justice when it destroyed Enron documents. Andersen is now near collapse and called off merger negotiations Tuesday with KPMG International. The proposed Andersen-KPMG transaction would have combined the two firms's non-U.S. partnerships. In a February 1, 2000 e-mail to Stewart, Bass laid out issues he had with a "complicated series of Enron derivatives." Three days later, Bass sent another message stating he was "still bothered" with a partnership, SPE, and believed it to be non-substantive. Because of such complaints, a senior Enron executive asked Duncan to remove Bass from any review responsibility for the Enron account, the Wall Street Journal reported Tuesday. Bass was removed in 2000, the WSJ said. Andersen could not be reached for comment. | SPECIAL: | | RELATED STORIES |  Ernst & Young continues talks with several Andersen firms - Apr. 2, 2002 Accounting firm to proceed with Volcker reforms. - Mar. 28, 2002 Volcker to unveil reform plans for Andersen - Mar. 29, 2002 CEO of embattled accounting firm to step down. - Mar. 26, 2002 Andersen pleads not guilty to U.S. obstruction charge - Mar. 20, 2002 | | | | |

| | | | | |

|

* About CNNMoney * Contact Us * Advertise with Us * User Preferences * Career Opportunities * Content * Fortune Magazine * Money Magazine * Business News * Markets * Term Sheet * Economy * Tech * Personal Finance * Small Business * Video * Magazines

Related Documents: Formbottom Of Form

Essay on You Look Great

You Look Great ‏ Reply Retweet Favorite · Open + reminds you that each day is a gift, and that most gifts are disappointing. says sarcasm is the language of loathe. says children are the future. The future looks grim. Therefore children look grim. says true love cannot be bought, but fake love can be and it feels just as good. says charity is the best way to let others know you have more money than them. says we can all do better, but why bother? says treat everybody well except the assholes…

Words 5639 - Pages 23

Looking good Essay

want to look their best. They exercise daily and keep themselves on a strict diet. Some women seem to always think that their look is not good enough though, so they go to the extreme and starve themselves until they look the way they want. They’re afraid of what people may say behind their backs or to their faces. They start feeling self conscious about themselves, and begin having a low self-esteem. There are even some women that have to look in the mirror all the time to make sure they look their…

Words 669 - Pages 3

Advertising: Marketing and Product Essay

A consumer’s purchase based on looks benefits the consumer and/or the business? Why is it that we are attracted to the “cute” stuff? We like to buy products and foods that are appealing to the eye. You wouldn’t eat an unattractive looking meal vs. a delicious looking pizza right? This is one of the strategies that companies use in their advertising, appearance. Let’s start of by saying that we are surrounded by ads trying to get us to buy their product; how is it that ads and/ or the appearance…

Words 632 - Pages 3

Process Essay

perfect cat-eye look The time to broaden and perfect the cat-eye look with your eyeliner is now. In some point of a female’s life span we start to become intrigued by makeup and want to fix every flaw. If there were no imperfections then the other option was to differentiate your look with face products. Just like anything anyone ever does nothing can be done without patience and dedication. As a cosmetologist knowing the fashion and up to date products and styles are key. Have you heard of the…

Words 486 - Pages 2

Beauty essay

think that there is a standard of beauty that suggests you have to look a certain way. One must constantly compare themselves to other people or celebrities. But what individuals don’t know is that it’s a figment of our imaginations. We bring ourselves to a level in which we think if we don’t look like someone, we must not be beautiful enough to fit the standards in America. Our society promotes a certain image of what beauty should look like but beauty is through personality and believing in ourselves…

Words 1063 - Pages 5

advertisement paper

twice about ourselves. The message that people take from most ads is that in order to look good, it is necessary to look like the people in the advertisement. Advertisements in magazines only get worse, conveying that being average is not being fat, that your body isn't good enough unless you weigh 100 pounds. However, we are never told the honest fact that people in these photos are touched up in order to look better so they appear skinnier and even more appealing. The advertisements are easily…

Words 1228 - Pages 5

prostituion danny Essay

in the 1970s and 1980s. This theory look at the world making choices and decisions that affect themselves and exchanges that will have a good outcome for everybody. This is going to be a paper on all four of the traditions perspectives dealing with prostitution. The four perspectives are Conflict and Utilitarianism traditions, social phenomena and the Conflict perspective and Durkheim perspective. The first theory conflict theory it is often look at as, Society is characterized by pervasive…

Words 1238 - Pages 5

Struggle of Females Essay

plastic surgery. Some reasons why they engage to get plastic surgery are because some of these women might have low self-esteem. They feel that the society expects them to look good and attractive. They might have something in themselves that they don’t like. For example, someone might think that their lips are too small, or another one might think they have small breasts and would like to have them bigger. These are the small things that affect them and they feel that they are unattractive and are…

Words 1161 - Pages 5

Gender and Elderly Lady Essay

(A.D. 130-150), reveals two different paintings from the same Roman period. They both come from the origin of Egypt. They’re both also from the Roman period. Both paintings are painted to look at the viewer. Both paintings are painted on limewood with encaustic painting technique. The paintings look as if it was painted from viewing an actual person. When looking at the painting you feel it watching you as you view it. The painting Elderly Lady With a Gold Wreath depicts an…

Words 1080 - Pages 5

Advertising Paper

dominate.” Women should be portrayed as powerful, they have worked hard to get their rights to be equal to men and now advertising has put women vulnerable and below men once more. In Victoria’s Secret Ads they are promoting sex and telling people that you have to be skinny to look sexy in their clothes. Look at how all these women are skinny and look really good sexy and seductive. They are laying down showing off a lot of skin and making the ad look sexy. Victoria’s Secret signifies sexy and sex for…

Words 1321 - Pages 6