Development of Audtiting

Essay specific features

 

Issue:

Business

 

Written by:

Ryan S

 

Date added:

May 27, 2017

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1456

 

Was viewed:

794 times

 

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Essay content:

In contrast by the end of 2002 it had all but disappeared from the auditing radar. There were definite red flags being raised in regards to the standard of the audits being conducted at Andersen; the company was involved in lawsuits relating to two other clients, Waste Management and Sunbeam in 2001...
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Andersen was also in charge of the audit for WorldCom which was another major scandal that raised questions on auditor independence. It was however Andersen’s relationship with Enron, in particular their actions in shredding documents and deleting of emails in the thousands including documentation relating to the Enron engagement prior to the US Securities and Exchange Commission (SEC) investigation into Enron, that was to be its downfall...
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