October 25, 2011 Case Study 1.1 Enron Corporation 1. I believe most of the responsible partys for the Enron crisis would hold to be the corporate executives, whateverone auditors, the leading of the Anderson firm, and the m either restrictive authorities that were involved with the Enron Corporation. I said the m any(prenominal) regulative authorities because they failed to take any proactive measures to limit the talent of rogue corporate executives, accounts, and auditors in their professional responsibilities. Corporate executives would be responsible because they insisted on growing aggressive and illegal account statement and fiscal reporting plans. resolve auditors are responsible because they make unprofessional decisions that tainted the righteousness of auditors. Lastly, I feel that the leadership of the Anderson firm focused homogeneous much attention on the practice development activities at the expense of the Enron Corporation. 2. In the new-fashioned years audit firms learn provide other run besides auditing go to their audit-clients, some(a) of these other servicer are: monetary information design and execution of instrument, clerking or other accounting constitution record statements needs, and some prudence functions.
For an audit firm effrontery management function advice o their audit clients it could threaten the auditors independence by having to valuate the work of soul that they recommended. With the audit firms giving the financial information design and implementation service they would be disputatious to evaluate the accounting system that they helped set for the audit client. This goes with the clerking and Accounting record services because the audit firm would elapse their independence by having to evaluate these statements that they helped prepare, so therefore, they would be an at bottom auditor instead of an remote 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 bilk a full essay, mildew it on our website: Orderessay
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