Pop music is a genre of popular music that originated in its modern form in the 1950s, deriving from rock and roll. The term "pop music" can be used to describe a range of styles, including rock, R&B, hip hop, and electronic dance music. Pop music is characterized by its catchy melodies, simple harmonies, and memorable lyrics. It is often associated with commercialism and the mainstream, as it is widely played on radio stations and used in advertising campaigns.
Pop music has a long history, with roots in various genres including blues, jazz, and rock and roll. Some of the earliest pop music hits were "Heartbreak Hotel" by Elvis Presley and "Rock Around the Clock" by Bill Haley and the Comets. In the 1960s and 1970s, pop music became more diverse, with the rise of rock bands like The Beatles and The Rolling Stones, and the emergence of soul and funk artists like James Brown and Stevie Wonder.
In the 1980s and 1990s, pop music continued to evolve and diversify, with the emergence of subgenres like new wave, synthpop, and hip hop. Pop music in this period was dominated by artists like Madonna, Michael Jackson, and Prince, who became international superstars.
Today, pop music is more popular than ever, with artists like Taylor Swift, Ed Sheeran, and Justin Bieber achieving global fame. Pop music is known for its catchy hooks and upbeat melodies, and it is often associated with youth culture and the pursuit of fun and enjoyment. However, pop music is also often criticized for its focus on superficial themes and its lack of depth and substance.
Despite its criticisms, pop music remains an important and influential genre, with many artists using it as a platform to address social and political issues. Pop music has the power to bring people together and to inspire change, and it continues to be a driving force in popular culture.
Waste Management Fraud Case Study
Their have been 379 convictions of fraud to date, and 3 to 6 new cases opening per month. Obviously, the individuals involved are less inclined for this to happen and are often in management roles at the company. These scandals typically involve complex methods for misusing or misdirecting funds, overstating revenues, understating expenses, overstating the value of assets or underreporting of liabilities, sometimes with the cooperation of officials in other corporations Medura 1-3. Buntrock was acquitted and resigned. Improve relations with people by a constant engagement with stakeholders through a marketing plan and communication tools, adopting a human resource strategy and evaluating the organizational culture through an effective communication system. Article Link to be Hyperlinked For eg: Source: This accounting scandal occurred in the year 2002. The expense related to landfills was also stated to be lesser than it actually was, to help the company decrease its total expenses in the year which would proportionately add to the profit of the company.
These were not recorded even though the company had promised to do so. Hau was the principal technician for the fraudulent accounting. This is a modern example of an ethical lapse by a corporate model catering to the public. It has grown to be the largest garbage disposal company in the U. Between 1992 and 1997, Waste Management, Inc.
In 2003, the case was closed by a pre-trial agreement. It was found that the segregation of duties in Madoff scheme was not present Fuerman 2009. What happens in a corporate fraud is exactly the opposite of utilitarianism. It owned almost 5,000 vehicles for collection of garbage and was employing 12,000 workers across the globe. In order to do that he set up an anonymous company hotline where any employee could report dishonest behavior.
Enron, a Commodity A commodity refers to a good convertible into another product or service of more value through trade and commerce activities. In addition, another auditor would have seen that there were a lot of outdated fixed assets that Waste Management, Inc. The consequences created what Hau referred to as the one-off problem. The scandals contributed to the global recession of 2007-2009 that led to the collapse of many companies and financial institutions. Revenues did not rise as quickly as they should have been. Its 1996 financial statements showed that, even though its consolidated revenue for the period from December 1994 to 1996 increased 8. The act was a response to the infamous scandal of Enron, WorldCom, Tyco, and Adelphia — all of whom had unethical business practices that caused their shareholders to lose the astronomical amount of investment when their scandals made headlines.
When the company has the power they can bully the firm into doing what they tell them to do. In addition, the investors tried to commit fraud to protect their own lives. They would have seen that millions in expenses were written off. Another recommendation I would have would be to hire a different auditor that did not have such as cozy relationship to the officers of Waste Management, Inc. By 1972, the firm was already generating millions in revenues despite not having gone public until 1971 Jones.
We produce enormous quantities of waste, then try to bury it or burn it and forget it. . Although, this scandal was one of the worst ever, it occurred in the late 1990s. One of the most famous financial scandals occurred in 1998 by a large company, Waste Management. The world has been witnessing investment frauds and accounting Summary Of The Sarbane-Oxley Act Of 2002 302 Words 2 Pages Before the Sarbane-Oxley Act of 2002 came into effect in the American economy, most investors and shareholders were left in the dark — most often at the mercy of big corporations whose accounting practices were largely unregulated.
Just prior to the public disclosure of the accounting irregularities, Buntrock enriched himself by obtaining a tax benefit by donating inflated company stock to his college alma mater to fund a building in his name. Tyco was a Swiss security systems company. Arthur Andersen, in turn, issued unqualified opinions in the audit report for Waste Management, Inc. Depreciation costs must be included in the financial statements of a corporation every year as the assets owned are used up and do not have the same value as they were originally. The company falsely overestimated the useful life of its fixed assets, thus underestimating depreciation expenses, and overstated the residual value of such assets.
Financial Scandals: Enron, WorldCom, and Waste Management
As future auditors, we have to take significant action to ensure that such fraudulent practices would be detected before they have the chance to become as grandiose as the Waste Management scandal. This can be done by omitting material information from the books or deceitful appropriation of assets such as inventory theft, payroll fraud, check forgery or embezzlement. In the last three decades, the financial world has experienced several financial scandals that have affected the financial markets adversely. The second case was Global Crossings, which was accused of falsifying financial reports to hide their losses. . The company was able to expand its services to supply waste-to-energy plants, beneficial use of landfills, gas plants, and production sites for power plants. It experienced tremendous growth in its first 20 years.
Another auditor would have seen that the earnings were consistently meeting the predetermined earnings target. Not that it is the right thing to do, but, had this been a one-time event, the actions of the executives of the company would probably have been justified, but knowing and continuing to participate in this clearly shows the lack of ethics in one and all. Thus began the practice of taking an operating expense and reclassifyin. Waste Management Scandal Dean Buntrock established Waste Management, Inc. Its main purpose is to pick recycling and garbage up from residential housing and businesses. In addition, it provided services that included facilitating internet connectivity to clients across the world. The list of services that are provided by Waste Management Incorporated include collecting, transferring, recycling, and disposing refuse.
The Enron scandal led to the bankruptcy of the company and the loss of jobs. Planet: Improve in terms of its environmental policies by hiring a team of The Garbage Problem in America Essay The Growth of the Waste Stream Today's generation have been taught to be wasteful. It was a Wall Street investment firm. This controversy impacted the world of waste management because they were forced to merge with another business which resulted in many job losses and then the company faced charges after the merge. S-based waste management company that became publicly enlisted in the stock market in 1971 as a comprehensive waste management company. In 1968, he and Dean Buntrock created a conglomerate based on the old business. Buntrock did not act alone in this scandal.
