The Time Warner Center: Mixed-Use Development

To bring City despite the failure of other attempts to mixed use in New York City, opened in 2004 Related Companies Time Warner Center, a huge complex including offices, shops, restaurants, music auditorium, a hotel and luxury apartments at Columbus Circle in...

Ujjivan: Microfinance Institution at a Crossroads (B)

Case B of “Ujjivan: A microfinance institution at the Crossroads” addresses some of the actions Ujjivan, a microfinance provider in Bangalore, has made with regard to the problems in the A-case, raised, particularly in relation to fraud and creating...

Auditor Liability in Canada (B)

A wise investor had investment losses by what they thought were false or misleading statements in the financial statements of Live Entertainment Corporation of Canada Inc. incurred (Livent). The investor did not think they would be able to recover their losses by...

Auditor Liability in Canada (A)

A wise investor was to review their investment account statements. She was angry that she had suffered losses due to the collapse of the Live Entertainment Corporation of Canada Inc. (Livent). The investor was a long-time investor and boasted a portion of their income...

Crescent Standard Investment Bank Limited – Governance Failure

The Crescent Standard Investment Bank Limited (CSIBL), the largest investment bank, was quoted on all stock exchanges in Pakistan, so that when it declared a huge loss of Rs2.1 billion (U.S. $ 35.5 million) for the year 31 December 2005, the market was taken by...

Siemens: Anatomy of Bribery

In November 2006, 200 German police raided the headquarters of Siemens AG, Europe’s leading engineering companies, seeking evidence regarding widespread corruption. The raid followed extensive investigations of Siemens’ activities, internal auditing of the...