Case 4.1: Enron Corporation and Andersen, LLP: Analyzing the Fall of Two Giants in Auditing Cases
Complete the questions at the end of the case.
Prepare a 150- to 350-word response to the following questions:
• What are the principles of the AICPACode of Professional Conduct?
• Whatpart(s) of the...
Case 4.1: Enron Corporation and Andersen, LLP
University of Phoenix
March 24, 2008
Case 4.1 Enron Corporation and Andersen, LLP
1. What were the business risks Enron faced, and how did those risks increase the likelihood of material misstatement in Enron's...
Journal of Accounting and Public Policy 21 (2002) 105–127 www.elsevier.com/locate/jaccpubpol
Enron: what happened and what we can learn from it
George J. Benston *, Al L. Hartgraves
Goizueta Business School, Emory University, 1300 Clifton Road, Atlanta, GA 30322-2710, USA
Abstract Enron’s accounting...
Richard T. De George, The Ethics of Information Technology and Business Patricia H. Werhane and Tara J. Radin with Norman E. Bowie, Employment and Employee Rights Norman E. Bowie with Patricia H. Werhane, Management Ethics Lisa H. Newton, Business Ethics and the Natural Environment Kenneth E. Goodpaster...
Vanessa & Eduardo
This paper explores the facts behind the demise of Enron Corporation, and American energy company that was based in Houston, Texas and the end of Arthur Anderson, which was one of the five big audit and accountancy partnerships in the whole world. Enron became...
Global Perspectives on Accounting Education Volume 3, 2006, 27-48
ENRON AND ARTHUR ANDERSEN: THE CASE OF THE CROOKED E AND THE FALLEN A
Gary M. Cunningham Visiting Professor Department of Business Administration Åbo Akademi University Turku, Finland Jean E. Harris Accounting Department Pennsylvania...
offer high-quality accounting services”, Arthur Andersen (AA), a Northwestern accounting professor started a business to offer services to clients promoting “integrity and sound audit opinions over higher short-run profits”. The company’s “four cornerstones” was good service, quality audits, well-managed...
in the America Economy
The broad range of information enhancement services that are provided by certified public accountants (CPAs).
Increase reliability of information
Putting information into a form or context that facilitates decision making.
Types of Services
have a potential legal obligation to third parties as a result of not following established professional standards.
Accountant liability for the most part is based on contract, common and statutory law. Section 2 discusses the degree of liability accountant's face under a negligence standard. When an...
Nine ways to
Prevent fraud in your workplace
CPAs offer advice for small and midsize businesses
Over the past couple of years, the public’s attention has been captured by cases of corporate fraud involving very large, publicly traded businesses. In cases like these, the ensuing litigation often...
good to be true, it usually is.
• ; • • i I
The Rise and Fall of Enron
BY C. W I L L I A M T H O M A S
f you''re like most, you've been astonished, disillusioned and angered as you learned of the meteoric rise and fall of Enron Corp. Remember the company's television commercial of not so long ago...
Enron and Arthur Andersen
Accounting Fraud Examination Concepts A
August 7, 2011
The firm was generally regarded as one of the fastest growing, and best managed Businesses in the United States formed in 1985 from a merger of Houston Natural Gas and Internorth...
Based in Texas, Enron became one of the world’s largest energy companies of the 1990’s. Enronwas one of the major movers in selling natural gas and electricity, providing risk management and financial services, and bandwidth interest connection to customers worldwide. By 2001, the year Enron...
Order Code RL31364
Enron: A Select Chronology of Congressional,
Corporate, and Government Activities
April 9, 2002
J. Michael Anderson
Information Research Specialist
Information Research Division
Enron: A Select Chronology of Corporate and
IN DEPENDENCE OF AUDITOR – ENRON AND ARTHUR ANDERSEN CASE
The world economy in recent years has got some significant growth but also had quite serious scandals. They caused the shakes for many, both citizens and authorities. Therefore, it is a challenging time and it is the time for...
The Rise and Fall of Enron
When a company looks too good to be true, it usually is.
BY C. WILLIAM THOMAS
If you’re like most, you’ve been astonished, disillusioned and
angered as you learned of the meteoric rise and fall of Enron Corp. Remember the company’s television commercial...
The term “expectations gap” has been coined to describe:
a) The difference between what the public thinks it is receiving in audited financial statements, and what the public is actually receiving.
b) The expectation that business exists to serve the needs of the shareholders and society.
c) The opinion...
Review of Enron and WorldCom
Dallas Baptist University
Accounting professionals need to know ways to recognize unethical issues, and how to handle these issues or problems. Employees need to be trained to know how to notice unethical actions, and what they should do...
Enron and World Finance
A Case Study in Ethics
Edited by Paul H. Dembinski, Carole Lager, Andrew Cornford and Jean-Michel Bonvin
Enron and World Finance
Also by Observatoire de la Finance
From Bretton Woods to Basel Finance & the Common Good/Bien Commun, no. 21, Spring 2005 Ethics of Taxation...