The Arthur Andersen Debacle
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This paper analyzes the accounting firm, Arthur Andersen and describes the role Andersen played in the Enron collapse. The paper uses this case to illustrate the debate of whether or not auditing should be separated from consulting. The writer states that the Andersen debacle has been instrumental in informing the public of the flaws of businesses in a capital market.
From the Paper:"In recent months the standards of the accounting profession have been the subject of great scrutiny. At the forefront of this ongoing debate is the accounting firm of Arthur Andersen. The firm has been found guilty of obstruction of justice in the Enron case on the grounds that the company shredded valuable documents relating to the financial collapse of Enron. The purpose of this paper is to explore whether or not auditing should be separated from consulting."
Cite this Analytical Essay:
The Arthur Andersen Debacle (2003, February 03) Retrieved September 26, 2023, from https://www.academon.com/analytical-essay/the-arthur-andersen-debacle-8635/
"The Arthur Andersen Debacle" 03 February 2003. Web. 26 September. 2023. <https://www.academon.com/analytical-essay/the-arthur-andersen-debacle-8635/>