Forensic Investment - 1144 Words

Situation analysis Important internal controls that were ignored? The auditors of Enron did fail in their task of providing a duty of care to all of the parties. The main reason for this is that they failed to correctly audit the assets and financial position of Enron resulting in all stakeholders having no clue about the forthcoming collapse of Enron. This resulted in the stakeholders facing a very critical condition or a phase where in they were not sure if they would be able to recover their investments and debts or not. The auditing process has revealed several issues and findings of problems within the accounting system and the same have been discussed as the primary areas of exposure, areas of possible mishandling of accounts†¦show more content†¦Pacts, specifically in the financial department were done rapidly without scrutinizing whether they were harmony with organizations risk management rule or goals. 3. Opportunity is one factor that can explain why falsifying of financial statement is occurring frequently it is common through weakness in the internal controls which includes insufficient supervision and review by board of directors of some organization, separation of duties, oversight and management approvals that are not consistent with the organization goals as well as system controls. Pressure also is another factor which relates from non realistic time frames and performance targets arising from conspiracies between employees and third parties. 4. When there is lack of clarity or any unclear financial report that is most of the times inconsistent like in the case of Enron, this is a clear indication of a red flag some one especially auditors under strict supervision should consider taking action. Investigations and analysis in fraud cases consistently show that red flags were actually present and that there were in many instances recognized or upon recognition they were never acted upon. When red flags are discovered suitable action should be swift though, mistakes are most times errors typesShow MoreRelatedForensic Accountants Essay1744 Words   |  7 PagesForensic Accountants Helene M. Snyder Dr. Ann Pohir-Vieth Contemporary Business 508 August 8, 2012 Determine the most Important Five Skills that a Forensic Accountant Needs to Possess and Evaluate the Need for each Skill Students interested in the Forensic Accountant profession are required to possess many skills because this is the hottest career in accounting. People who work in this career investigate white collar crimes such as business fraud, incorrect financial reporting, and illegalRead MoreA Report On Healthsouth Used Bad Debt Reserves Essay1366 Words   |  6 Pagesthe audit. 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This way they don’t lie about their stock value. Forensic accountants are in charge of checking business financial records to make sure that they are true. When companies falsify their records it makes the company look better, which makes people want to buy shares of their stock. When more shares of stock are bought that will be putting more money into the company. Forensic accounting has been in an increaseRead MoreA Report On The Marketing Strategy1775 Words   |  8 Pagesthe allocation of capital between lines of business and A-Z will have a small growing account which will generate a poor short-term return on investment which will be supported by management as the future will improve. If the account grows and it still has poor returns, the Board will demand immediate action and request they reduce COR. 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Contrary To Popular Belief, The War Doesn’T Target Big-Time

Contrary to popular belief, the war doesn’t target big-time dealers or â€Å"kingpins.† In fact, those who are arrested for non-serious offenses, such as the use of marijuana, account for the vast majority of drug arrests (Alexander). For example, four out of five drug arrest in 2005 were for possession, while only one out of five drug arrests were for sale. Furthermore, the majority of drug offenders in state prisons have no history of violence or notable selling activity (Mauer, King). Another myth is that the War on Drugs is mainly concerned with dangerous drugs. Yet, in the 1990s, marijuana possession, which is less harmful than tobacco or alcohol, accounted for almost 80 percent of the rise in drug arrests (King, Mauer). The truth is that†¦show more content†¦Bustamonte). The effectiveness of consent searches largely depends on the ignorance, and thus powerlessness, of those targeted. 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Willie Loman as a Tragic Hero Free Essays

Aristotle’s definition for a tragic hero is one who is not in control of his own fate, but instead is ruled by the gods in one fashion or another.   The tragic hero for Aristotle is tragic because of their lack of control or will in the face of their predetermined future and downfall.   In comparing Arthur Miller’s tragic hero of Death of a Salesman (Willy Loman) and his seeming lack of control in his own fate. We will write a custom essay sample on Willie Loman as a Tragic Hero or any similar topic only for you Order Now This paper will expound upon Loman’s tragic flaw, his change of fate in the plot starting from good and going to worse.   Also, in defining and finding the correct terms in which to define the tragic hero Loman has a great tragic flaw (hamartia) which is his devil may care attitude at the beginning of the story, to the despondency and stagnation of hope that meets him at the end of the story.   Miller’s work analysis will be derived from Greg Johnson’s book Perrine’s literature : structure, sound and sense.   As Arp and Johnson state, â€Å"Where tragic protagonist possess overpowering individuality so the plays are often named after them.   (i.e. Oedipus Rex, Othella), comic protagonist tend to be types of individuals, and the plays in which they appear are often named after the type, (i.e. Moliers, The Miser, Congreves, The Double Dealer). We judge tragic protagonist by absolute moral standards, by how far they soar above society.   We judge comic protagonist by social standards, by how well they adjust to society and conform to the expectations of the group† (1308) This is the dichotomy for Willy Loman, the tragic irony, the drama, and Willy Loman’s protagonist stance in a comic viewing. As John Jones (1962) states in On Aristotle and Greek Tragedy with an excerpt from Aristotle’s The Ideal Tragic Hero, â€Å"The well constructed plot must, therefore, have a single issue, and not (as some maintain) a double. The change of fortune must not be from bad to good but the other way round, from good to bad; and it must be caused, not by wickedness, but by some great error [hamartia] on the part of a man such as we have described, or of one better, not worse, than that† (13). This excerpt is the pivotal movement that changes Loman from a man who has hard luck, to the pinnacle of being a tragic hero in which he suffers from hamartia.   For Willy Loman, his reality isn’t primarily attributed to ego; he knows where he is, what he is, but his tragic flaw is accounted for in the pitfall of banal acceptance.   Willy Loman doesn’t try to change anything, but is caught up in mediocrity, and essentially blind to anything with a silver lining. As Harold Bloom (1991) writes in Willy Loman with an excerpt by Thomas Lask and his writing How Do You Like Willy Loman (New York Times, January 1966), â€Å"Yet, to my mind, Willy represents all those who are trapped by false values, but who are so far on in life, that they do not know how to escape them. They are men on the wrong track and know it. They are among those who, when young, felt they could move mountains and now do not even see those mountains. Aristotle said the tragic hero must be neither all good nor all evil, but rather a median figure. Everything about him is paltry except his battle to understand and escape from the pit he has dug for himself. In this battle he achieves a measure of greatness. In the waste of his life, his fate touches us all† (60). In Willy’s acceptance of his own commonness is his own personal flaw.   He doesn’t strive to be any better but allows himself to dully, and almost dutifully accept that he’s a dime a dozen.   Susan C. W. Abbotson (1999) states in Understanding Death of a Salesman, â€Å"Pursuing the dream of middle-class status and success, Willy does everything he thinks a good salesman is supposed to do. He smiles, he tells jokes, he hustles women receptionists. But Willy’s talents are ordinary at best, and his value in the market is marginal† (212).   This is Willy’s great error. His mediocrity is a compromise to his once great dreams.   Even in the common man’s world he doesn’t stand out as unique or special; his flaw is in his power to be invisible.   No one seems to care in his existence and for Willy Loman, this realization in turn makes him not care about his own existence in a way, toward the end of the play at least, when his hope is close to banished.   This small sentiment can be found in a few muttered lines from Willy, â€Å"I’ve always tried to think otherwise, I guess.   I always felt that if a man was impressive, and well like, that nothing-â€Å"(97).   This sums up Loman’s fate; his drowning enthusiasm pitted against an uncaring cast of characters. With Oedipus this is the same; his tragic hero status is ensured by his unwillingness to exist as a partial man; without knowing his origins, without knowing his true identity.   While Loman is realizing that he has no identity he thus becomes a tragic hero, for Oedipus when he discovers his true identity, therein lies his status as a tragic hero.   He realizes his ego got in the way of his life.   His ego was his ruin. Willy Loman’s view of the world breaks when he loses his job.   Loman faces the world as no ordinary common man but also an invisible entity left to make no difference on the face of the earth while Oedipus is bereaved of his position and would rather not have lived (or seen what he had accomplished) because of the things he has done.   As Arthur Miller states in Perrine’s Literature, â€Å"Whoever heard of a Hastings small R refrigerator? Once in my life I would like to own, something outright before its broken! I’m always in a race with the junkyard! I just finished paying for the car and it’s on its last legs.   The refrigerator consumes belts like a Goddamn maniac.   They time those things.   They time them so when you finally paid for them they’re used up† (1586). This is the truth behind the tragic hero Loman.  Ã‚   The paradox for Loman as a tragic hero is in Aristotle’s definition of a tragic hero; he’s doomed to failure. In conclusion, Loman began his story with an aplomb of luck, or ego, or a rosy view of the world, and his story ends with destruction:   Loman is hit by a car.   The connotation here is that Loman was blind in the beginning of Miller’s play, but not really in the second act.   Loman has dwindling faith in himself and reality.   Loman survived in life under false pretences, thus he suffers from his one flaw; blindness. Works Cited Arp, Thomas R Greg Johnson.   Perrine’s Literature: Structure, Sound and Sense.   Heinle Heinle /Thomson Learning, 2002, 8th edition. Bloom, Harold,   ed.   Willy Loman. New York: Chelsea House, 1991. Hamilton, Victoria. Narcissus and Oedipus: The Children of Psychoanalysis. London: Karnac Books, 1993 Jones, John. On Aristotle and Greek Tragedy. New York: Oxford University Press, 1962. Miller, Arthur.   Death of a Salesman.   Penguin Books, New York, 1949. Murphy, Brenda, and Susan C. W. Abbotson. Understanding Death of a Salesman A Student Casebook to Issues, Sources, and Historical Documents. Westport, CT: Greenwood Press, 1999. Sophocles.   Oedipus the King. Oedipus at Colonus.   Antigone.   Ed. David Greene and Richmond Lattimore.   Random House, New York, 1942. How to cite Willie Loman as a Tragic Hero, Essay examples