Extraordinary Genius

1168. Chapter 1168 is An Xinda

After the WorldCom scandal was exposed, although An Xinda claimed that the auditor’s work relied on the honesty and integrity of management, no one could accept it.

If we all rely on the honesty and integrity of management, what else do we have to audit the Corporation? Such an obvious accounting problem, changed the audit Corporation, and immediately reviewed it. An Xinda nicknamed the world’s top auditing organization, actually did not find it?

More people are willing to believe that An Xinda is not discovered, but is in the same league as the management of WorldCom and Enron. Although there is no evidence yet, Anxinda has been detained with a hat that obstructs justice and makes A fine of $500,000.

With a total area of ​​500,000 US dollars, it is clear that the top audit organization of Anxinda is a big one. Their annual audit revenue is not limited to this. After all, they are the world’s top accountant Corporation, just in North America. Fixed customers.

The most important thing is the second penalty. Anxinda is not allowed to engage in related business in the country for five years. As a result, An Xinda had to announce the “satisfaction” and they would abandon all the auditing business in the country and officially withdraw from the auditing industry. If you don’t have a customer for five years, why not keep it and still keep this business?

Then Anxinda began to withdraw in various offices in the country, and the company began a large-scale layoffs. The number of employees has changed from nearly 30,000 to less than 3,000. Nearly 1,300 fixed customers before, and all of them canceled their contracts and transferred to other accounting firms.

After Enron’s outbreak, they had a must for An Xinda. Now that WorldCom has had an accident, everyone said that the organization of Anxinda’s audit has problems with the accounts. Who would dare to use Anxinda?

In fact, even if An Xinda is not punished and is not allowed to engage in related business, An Xinda will fall from the top of the world to the ordinary, but now it is even worse. From the buzzing international, it became notorious.

In order to cover up their audit problems, An Xinda ruined some of the audit materials about Enron Corporation and WorldCom Corporation, both paper and electronic, and they are very important. Obviously, this is indeed a hindrance to justice. Their downfall today is also self-defeating.

WorldCom Corporation is finished, and this year’s stock price has just rebounded, and now it has started to fall again. Because WorldCom is going bankrupt, even with the company that has many business contacts with WorldCom, stock prices have fallen.

For example, Nasdaq is one of WorldCom’s major customers. There are also Time Warner, many of the government departments in the country.

There are also so many creditors of WorldCom Corporation that they have lent the accounts of WorldCom Corporation and they are completely unable to recover.

This also led to the bank stocks began to fall, the stocks of investment institutions fell, and then triggered a chain reaction, the US stockmarket, once again bad luck.

Of course, in addition to the investor bad luck, George Bush also feels bad luck.

Motherfucker, he just turned the economy a bit, relying on the company of the United States to sign so many contracts with foreign countries, to stabilize the stockmarket, and he went abroad for a visit, and then TM happened!

Then, Enron is still a WorldCom. At the beginning, it was all support for his competitors. It was also a loyal supporter of Clinton. Together with your scams, let me take the black pot.

Many state pensions are invested in the shares of Corporations such as Enron and WorldCom. Even if they don’t invest in the two companies, they invest in other Corporations. Isn’t it because stockmarket has fallen sharply?

The state pensions have lost hundreds of millions of dollars at the most, and the least have lost tens of millions of dollars. These are the major events that can shake George Bush’s position.

George Bush wants to clean up WorldCom, but WorldCom has nothing to clean up, and it is destined to finish, so George Bush is eyeing other customers of Anxinda.

If it can be proved that the previous prosperity was a false prosperity, it might be able to increase his support rate.

In the case of George Bush’s strict investigation, An Xinda’s customers have actually found some problems.

Of course, all are financial issues, and also include several of the world’s top 500 companies. For example, Tektronix International, Chemat, Tongke Electric, Shile Corporation, etc., let Feng Yu did not expect that, even including Microsoft!

As for those outside the world’s top 500, there is also one.

After the news broke out, not to mention the stock price of Microsoft and other companies began to fall, the entire US Stockmarket, including Asia, Europe stockmarket, fell across the day.

Of course, on the other side of the country, the fall is the most serious, followed by Europe and Asia again. Asia’s average decline is around 3%, Europe is around 5%, and the country is over eight percent.

This is only one day, it seems that this decline will continue for some time.

George Bush was dumbfounded, and he felt like he was lifting a rock and licking his feet. Originally, he just wanted to transfer the public’s accusations against him to the former Clinton. But there have been too many scandals, and bank malpractices, securities analysts deliberately misleading consumers, etc., have all been reported.

At this time, the country is in need of new impetus to promote their economic recovery. The successively exposed Corporate financial scandals, including the scandals of banks and securities companies, are very heavy on the economic recovery of the country.

Even with a lot of investors, confidence in the entire rice investment market has been lost. Without these funds, stockmarket is hard to rebound and how will the economy recover? Including national debt, they have been sold in large quantities.

US Stockmarket is caught in the most serious bear market!

However, the stockmarkets in Europe and Asia have stabilized after falling for a few days. The funds that have been drawn back from the country have been invested in these places.

George Bush In this investigation, the biggest bad luck is the rice country!

Now people say that the CEO of the company in the country is not credible, the accounting firm is not credible, the securities analyst is not credible, and it is only God that can believe.

Most of the financially problematic organizations and CEOs have problems. Many people say that some organizations clearly make profits, such as Microsoft, because of the worship of CEOs in the society of the country and the worship of individual heroism. This is very undesirable and must be saved.

In order to save the market, the George Bush Government has introduced a policy requiring all Corporate CEOs and CFOs (CFOs) who earned more than One billion dollars last year to guarantee in writing that the latest financial statements of the Corporation are correct. In this way, if the financial statements are still wrong, they will face civil action for fraud, even the criminal proceedings of the government!

Wall Street is supporting this kind of practice. After the introduction of this policy, the Dow Jones index rose by more than 300 points on the day.

These Feng Yu don’t care much. He is working with Ralph to meet Chairman Mao of Advanced Micro Devices.

……