Enron

Question 3
For purpose of this question, assume that the excerpts from the Power Report shown in Exhibit 3 provide accurate description of Andersens battle in Enron accounting and financial reporting decision. Given this arrogance, do you believe that Andersens involvement in those decisions go against any captain auditing standards? If so, lists those standards and briefly explain your rationale.
I believe that Arthur Anderson and company break several of the gener eachy accepted auditing standards such as

Given the assumption that Excepts 3, there is clear indication that notable decision when it outlet to auditing and all its dish up involving Enron are attended from Andersens end. Thus, advices and recommendation of Andersen as well make way to the board of the company. However, when it again concern to professed(prenominal) auditing standards and its compromise or its violation there is probable factor. From the excerpts it is knowing that Andersens have failed to bring attention of Enron internal Audit and complaisance committee, which bring back the question of professional auditing standards that are violated in all circumstances.





Some of the standards that amount to accounting procedures at the precise first instance can be place emphasis to the notion of accounting ethics itself that bears a conscience stamp in principle. However, Andersens failed obligation with its audit firm goes against the very reason of accounting ethics. Moreover, non compliance and coordination with Enron internal auditor in reaching a decision also amounted to violation of decisions. tot up to it, overcoming proper financial accounting also violated the very notion of professional auditing standards. Moreover, in economic sense, the large hunk sum amount charged by Andersens for its professional finish off also did not translate into effectiveness in auditing process and procedures, which again violated the professional standards and business ethics is all essence. Moreover,...If you want to get a full essay, order it on our website: Orderessay



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