For this assignment write at least 400 words answering the following.
Oversimplifying the case of Enron and Arthur Andersen, Enron was using some accounting practices that were questionable. Because Arthur Andersen was an independent auditor, they were responsible for reporting any questionable accounting practices might be risky to the shareholders of Enron. The Security and Exchange Commission was responsible for requiring and publishing accurate information about Enron’s accounting information. In the end, a few Enron employees went to jail, and Arthur Andersen stopped doing business under that name.
Identify what you consider any conflicts of interest in the case of Enron and Arthur Andersen.
What could have been done to avoid the conflicts of interest you identified?
How would you change the laws to correct the problems that came up in the Enron and Arthur Andersen case?
Explore how Enron and Arthur Andersen might have been encouraged to act ethically other than direct legal pressures.
To what extent (if any) should sustainability concerns and issues be incorporated in accounting analyses?
When (if ever) should organizational decisions with sustainability-related impacts and significant associated cost-implications (savings or expenditures) be shared with shareholders?
It is your responsibility to respond to three classmates by providing comments, asking questions, or having a conversation about their main post. Feedback should be appropriate, meaningful, and helpful. For instance refer to how your own experience supports/contradicts the opinions developed by your peers. If you think they are too general or not rooted enough in personal experience, you may also ask for more detailed examples supporting these opinions. In particular make sure that the examples provided are properly referenced and that you are able to access them. Overall, your comments should contribute positively to the conversation by broadening or clarifying it. Feedback should be at least 3-4 complete sentences. You should also respond to anyone who has responded to you.
The paper should cite sources to support your ideas. Be sure to review the assessment criteria below before beginning your paper. Cite any reference(s) you use in the preparation of your essay using proper APA format