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

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