money or personal gain”. In the case of Andersen and Enron, the question of corruptness relates to the destruction of documents. While at first appearance it seems like an easy question to answer, many details come into play. The destruction of documents is a normal audit procedure used to protect the firm and company (client). Auditors are instructed to destroy any documents that are not needed. In the case of Andersen, this was a normal and legal policy. In the case of Andersen the destruction of
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This assignment is worth a total of 30 points allocated as indicated. Please complete your answers in a Word document and submit it using the Assignment 2 dropbox. This course is geared toward research and communication. That means you will be researching the appropriate standards and communicating your answers. Support answers with facts and/or examples. Your answers should be original – do not just copy or paraphrase the lecture notes, books, articles, or your classmates. All composition-type
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ACCT 4450 June 2009 Enron Corporation: Impact on Profession of Chartered Accountancy/Auditing References: • Case “Enron Corporation and Andersen, LLP – Analyzing the Fall of Two Giants” Beasley et al, Auditing Cases – An Interactive Approach,4th Edition • Article “After Enron” John Lorinc, CA Magazine, December 2002 • Film excerpt shown in class “Enron: The Smartest Guys in the Room” Peter Elkind & Bethany McLean; Alliance Atlantis Exercise: Your group will prepare a presentation
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Wk2 checkpoint Read the Arthur Andersen’s Troubles Ethics Case on pp. 107–113 (Ch. 2) of the text. Answer questions 1, 3, and 4 on p. 113 in 200 to 300 words. When responding to question 3, focus solely on the Enron case. Questions 1. What did Arthur Andersen contribute to the Enron disaster? I found an article in Time Magazine that discusses the fact that Andersen employees followed instructions from Enron executives to destroy documents. The Wikipedia article that I found lists
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Enron Corp. Ivan Rodriguez Professor Daniel Smith Legal 100 April 30, 2011 2. Discuss whether Enron’s officers acted within the scope of their authority. 3. Describe the corporate culture at Enron. 4. Discuss two alleged irregularities in the actions between sellers of securities and Enron. 5. Discuss whether or not Enron was liable for the actions of its agents and employees. The format of the report is to be as follows: o Typed, double spaced, Times
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gas pipeline decided to merge to form The Enron Corporation. Enron was once the seventh largest publicly-held corporation in the nation. The purpose of this case study is to first research how the corporate leaders at Enron, who are so smart, managed to display such poor judgment. Secondly, answer the question: What do you see as the contributing factors to the demise of corporate giants like Enron, World Com, TYCO, Arthur Andersen, and others? This case study will identify at least three, and explain
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Read the Arthur Andersen’s Troubles Ethics Case on pp. 107–113 (Ch. 2) of the text. Answer questions 1, 3, and 4 on p. 113 in 200 to 300 words. When responding to question 3, focus solely on the Enron case. 1. What did Arthur Andersen contribute to the Enron disaster? Arthur Andersen (AA) did not advise the Enron Audit Committee that Enron’s policies and internal control were not adequate to protect the shareholders’ interests even though AA had assumed Enron’s internal audit function (Brooks
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Business Research Paper In this paper I will be going over the business ethics of a company that is known for one of the biggest frauds in corporate America. The company is Enron and I found an article that is titled " The Case Analysis of the Scandal of Enron" and in this article the author talks about the business practices on Enron and the unethical research they used to grow their business and in the end they ruined a lot of good people's lives, and damaged their futures. According to "Dictionary
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Enron Corporation (Case 1.1) Most of us work from rags to riches but this is not the case of the Enron Corporation. Instead of becoming the nation’s greatest company, Enron instead laid claim to being the largest corporate bankruptcy in the history. The greediness and egotism wiped out the honesty and integrity that should instill on the persons who were involved in this case. Arthur Edward Andersen built his firm, Arthur Andersen & Company, into one of the largest and most respected accounting
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discussion at the end of the Week 2 lecture, prepare your answers to the following. 1. What is Hypothetical Future Value (HFV)? How did this contribute to Enron’s downfall? 2. Why would ‘good’ people engage in unethical activities in business? 3. What were the social factors that contributed to the failure of Enron? Briefly explain two key factors. Answer 1: Hypothetical Future Value or called (HFV) is an accounting method used by Enron and the HFV has contribute Enron’s downfall because their
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