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In this Well Fargo scandal, there is two aspects need to think about :the auditing and ethical. The Auditing Auditing often emphasize the independence of auditors, However, it is not easy to balance the profitability and independence. KPMG has served as Well’s auditor for more than 87 years, the employment and employment relationship bring a little challenges to meet the independence requirements. Well Fargo was establishing false credit card account from the beginning of 2011. From 2011 to 2016

Wells Fargo is a well known banking company that has recently been in the news for some not-so-good reasons. The Wells Fargo company has been around for a long time and is trusted by their many customers to treat them fairly when it comes to opening new accounts or managing current accounts. However, according to some of Wells Fargo’s team members (what they call their employees), Wells Fargo has “strict mandates to sign existing customers up for additional products,” (Davidson 1). This means that

There is more than one ethical accounting or auditing that Wells Fargo bank failure to meet such as Integrity, Objectivity, Confidentiality, and Competency. For the accountants and auditors, integrity is the primary characteristic and constitutional element to accomplish the profession. It allows users such as investors to trust the financial information they receive about the combines that they have the desire to invest in. To ensure everyone follows the same rules, the accounting statements and

Wells Fargo had said that they open 1.4 million fake accounts but eventually it went up to 3.5 million fake accounts. Those accounts weren’t use by the customers. Wells Fargo company discovered that their employees were the reason behind the scandal by using unauthorized credit card and bank accounts from customers who wasn’t activity using them. Wells Fargo realize that this problem was dating back since the early 2000’s. Wells Fargo also had another scandal that involved 570,000 auto loan customers

2016, Wells Fargo was involved in a scandal that involved over 5,000 employees had made fake accounts and were eventually fired. There are 269,100 employees in the Wells Fargo organization, 2%, which is 5,300employees of the organization were let go. The Wells Fargo scandal had started in January of 2009 to September of 2016 and more fake accounts are still being made by Wells Fargo. There was so many employees involved in this scandal, therefore making it really bad for the company Wells Fargo.

communities and others who have an interest in a company’s products, operations, and markets (Ferrell, Fraedrich, & Ferrell, 2011). Ultimately, they not only influence the course and direction of the company, but the company can influence them as well (Attend, 2015). Additionally, there are secondary stakeholders, such as: media, trade associations, and special interest groups who can have a positive impact, especially in times of corruption (Attend, 2015). For Monsanto, the primary and secondary

The EPA, as well as several studies, state that pollutants from the processing of tar sands into the synthetic crude oil are toxic, carcinogenic and includes heavy metals. These pollutants present serious health risks to people living in the surrounding areas causing

Bowers (1995). Differences in these methods lead to a different seismic velocity to pore pressure transform. The velocity to pore pressure transform can be calibrated using an inversion of offset well data. However, seismic velocities can be influenced by changes in lithology and pore fluid content, as well as by changes in pore pressure. The resulting difference in predicted pore pressure may become significant when a pore pressure estimate is required outside the interval over which the relation

previous case studies, Wells Fargo banking company is structured on group members and teams that work to keep business and banking relationships favorable for their customers and clients. In side of the Wells Faro banking company, are many different groups responsible for a variety of tasks to meet customers and company expectations and marketing demands from a global perspective. One such group at Wells Fargo is the cotton wood group, a subsidiary group from the main branch of Wells Fargo. The cotton

On April 20, 2010 the Deep Water Horizon drilling unit operated by British Petroleum (BP) experienced a catastrophic explosion, resulting in 11 casualties, 15 serious injuries, and an uncontrolled discharge of crude oil into the Gulf of Mexico for the next 3 months. Countless number of livelihoods that relied on the gulf’s ecosystem was indelibly marred by the environmental disaster, costing billions in damages that are still being accounted more than 2 years later. During the crisis, many differing