(Mobile pdf) Accounting Scandal at EM.TV 1998 – 2000: The Role of the Auditors (Aus der Reihe: e-fellows.net stipendiaten-wissen)

Open this book now!

Accounting Scandal at EM.TV 1998 – 2000: The Role of the Auditors (Aus der Reihe: e-fellows.net stipendiaten-wissen)

(Mobile pdf) File size: 20.Mb

Author : From GRIN Publishing
ePub | *DOC | audiobook | ebooks | Download PDF

Description : Seminar paper from the year 2011 in the subject Business economics – Revision, Auditing, grade: 1,00, IE Business School, Madrid, course: Auditing, language: English, abstract: With the accounting scandal around the Munich-based media company EM.TV in the years 1998-2000, the auditorsrsquo; profession caught unprecedented attention in Germany. As the society had just ldquo;discoveredrdquo; stock markets for the broader masses, the burst of the dot-com bubble and especially EM.TVrsquo;s crash served as a painful warning signal that also in the equity markets, higher returns are not risk-free. Quickly after the full extent of EM.TVrsquo;s scandal became visible and clear, the investor community filed a lawsuit against the management, and also prepared to sue PricewaterhouseCoopers, which audited the financial statements.This paper attempts to shine light on the EM.TV story, focusing on the role of the auditors. While definitely playing a central role, it will be shown that auditing in this particular case rather helped to dismantle the problematic issues and to reveal a more realistic assessment of the companyrsquo;s financial health. I will first give a brief overview of the discussed company as well as the special stock market environment it operated in. Secondly, I will summarize the major accounting malpractices that, consequently, have made this issue so relevant for the topic of auditing. The main part will then analyze the auditing and accountability issues, in this case implemented by PriceWaterhouseCoopers (PwC), by outlining their approach and methodology, and the subsequent actions taken. This will then be drawn further to discuss and conclude with general effects on the auditing market, especially in Germany.

Nevertheless, what should you might get warranty work, repairs and two free windshields, nationwide, once you do business with a domestically owned Colorado auto glass company? The best part is all your money is spent and saved right right here in Colorado to keep the financial system going and people employed?

In lots of instances, although many drivers don’t realize it, auto glass repairs are coated by the common insurance coverage coverage. Even when your own policy would not cover you, and you simply do not have the money to have your auto glass repaired professionally, you may these days buy DIY restore kits. While they might not be the perfect answer, at the very least a DIY repair can buy you a little bit of time.

If for example you’re a typical particular person who doesn’t have any interest in the scrap steel industry and just wish to get rid of your auto scrap metallic, the simplest method is to promote it. There are companies that provide complete recycling of automobiles and pay cash for the steel brought forward. One such firm is 419 Metallic and Auto Recycling Facilities, Inc. They take motor autos, automobile batteries, aluminum and different metals. This offers a solution to the problem of having unwanted auto scrap steel. It also supplies some cash-making alternative for what you may contemplate as rubbish.

Large billboards and vehicle signage are often large and cumbersome to attempt to buildup and reuse. Because of their nature, these forms of external advertising are usually painted, printed, and torn the length of as soon as finished with. Inflatable advertising of company signage and logos can be easily deflated and stored until the next-door use.