Chap1AsgnBUS4113

Chap1AsgnBUS4113 - AMBERTON UNIVERSITY BUS 4113- ACCOUNTING...

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AMBERTON UNIVERSITY BUS 4113- ACCOUNTING AND FINANCE FOR MANAGERS CHAPTER 1 HOMEWORK ASSIGNMENT There have been a number of frauds at major U.S. corporations in recent years. For example, frauds have rocked Enron, WorldCom (now MCI), Qwest, Adelphia, Tyco, and HealthSouth. Search the Internet to learn about a company that has undergone a recent scandal. Prepare a one- to two-page paper that summarizes the fraud and describes how the company’s environment contributed to the fraud. Describe some of the steps the company has taken to reduce the likelihood that similar frauds could occur again.
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American International Group, Inc. (AIG) is an American insurance corporation. AIG history dates back to 1919, when Cornelius Vander Starr established an insurance agency in Shanghai, China. Over the years, AIG became one of the largest insurance companies in the world. Forbes Global 2000 reported AIG as the 18 th largest public company in the world in 2008. The insurance’s potentials included back in 2007 included assets of approximately $1 trillion,
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This note was uploaded on 02/03/2011 for the course BUS 3101 taught by Professor Loyd during the Spring '09 term at Dallas.

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Chap1AsgnBUS4113 - AMBERTON UNIVERSITY BUS 4113- ACCOUNTING...

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