DF week2 - Oversimplifying the case of Enron and Arthur Andersen Enron was using some accounting practices that were questionable Because Arthur

DF week2 - Oversimplifying the case of Enron and Arthur...

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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. Conflict of interest ie created when anyone or any party have multi-interests that are discordant and all that leads to financial and administrative corruption (Heathfield, 2019). One of this situation is Enron scandal which appears in 2001 when the share price became 67 cents after it was priced at $ 90 per share in 2000 (RICHARD, OPPEL & EICHENWALD, 2002). The main purpose of this ethical dilemmas is the COI of Anderson Company where it offered consulting services add to the auditing services for Enron, and then Anderson managed 80% of the energy companies at that time(Pachubabu, 2018). Anderson had a great reputation in its
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