ACCT 573 Week 2 Homework Assignment Updated

ACCT 573 Week 2 Homework Assignment Updated

Arthur Andersen’s Troubles
Business and Professional Ethics, Question 1, p.112
A)What did Arthur Andersen contribute to the Enron disaster?
Business and Professional Ethics, Question 4, p.112
A)Why should an auditor make decisions in the public interest rather than in the interest of management or current shareholders?
Business and Professional Ethics, Question 5, p.112
A)Why didn’t the Arthur Andersen partners responsible for quality control stop the flawed decisions of the audit partners?
Business and Professional Ethics, Question 6, p.112
A)Should all of Arthur Andersen have suffered for the actions or inactions of fewer than 100 people? Which of Arthur Andersen’s personnel should have been prosecuted?
Business and Professional Ethics, Question 7, p.112
A)Under what circumstances should audit firms shred or destroy audit working papers?