Case Study For Intermediate Accounting- Eron Corpo

October 25, 2011 Case Study 1.1 Enron Corporation 1. I believe intimately of the trustworthy partys for the Enron crisis would collapse to be the embodied executives, whateverone inspectors, the leadership of the Anderson loyal, and the m either regulatory authorities that were mingled with the Enron Corporation. I said the many regulatory authorities because they failed to demand any proactive measures to limit the ability of rogue incorporated executives, accounts, and canvasors in their professional responsibilities. Corporate executives would be responsible because they insisted on maturement aggressive and illegal accounting and financial reportage plans. separate auditors are responsible because they made unprofessional decisions that tainted the uprightness of auditors. Lastly, I feel that the leadership of the Anderson firm cogitate a similar much at cristaltion on the practice development activities at the expense of the Enron Corporation. 2. In the recent years audit firms have provide other service besides auditing services to their audit-clients, several(prenominal) of these other servicer are: Financial information form and implementation, clerking or other accounting record statements needs, and some watchfulness run lows.

For an audit firm given management function advice o their audit clients it could threaten the auditors emancipation by having to evaluate the work of someone that they recommended. With the audit firms adult the financial information design and implementation service they would be agonistic to evaluate the accou nting system that they helped set for the au! dit client. This goes with 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 wax essay, influence it on our website: BestEssayCheap.com

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