Case Study For Intermediate Accounting- Eron Corpo

October 25, 2011 Case Study 1.1 Enron Corporation 1. I believe virtually of the trustworthy partys for the Enron crisis would collapse to be the inembodiedd executives, whateverone inspectors, the leadership of the Anderson blotto, and the m either regulatory authorities that were elusive with the Enron Corporation. I said the many regulatory authorities because they failed to develop any proactive measures to limit the ability of rogue corporate executives, accounts, and analyzeors in their professional responsibilities. Corporate executives would be responsible because they insisted on nurture aggressive and illegal accounting and financial describe plans. separate auditors are responsible because they made unprofessional decisions that corrupted the uprightness of auditors. Lastly, I feel that the leadership of the Anderson firm concentrate a comparable much at cristaltion on the practice development activities at the expense of the Enron Corporat ion. 2. In the recent years audit firms have provide other serve besides auditing services to their audit-clients, around of these other servicer are: Financial information construct and implementation, clerking or other accounting record statements needs, and some watchfulness exercises.

For an audit firm given management function advice o their audit clients it could threaten the auditors freedom by having to evaluate the work of someone that they recommended. With the audit firms openhanded the financial information design and implementation service they would be agonistic to evaluate the accounting system that they he lped set for the audit client. This goes wit! h the bookkeeping and Accounting record services because the audit firm would retrogress their independence by having to evaluate these statements that they helped prepare, so therefore, they would be an inside auditor instead of an external auditor like they should be. 3. I believe that Arthur Anderson and company violated several of the ten largely accepted auditing standards....If you want to get a practiced essay, influence it on our website: BestEssayCheap.com

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