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19 download_doc-10.php - How have we prevented some of the...

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G202 (2/18/2009) Types of Conflict of Interest  Using confidential Information: Misuse of inside information  Outside Employment or Moonlighting: Holding multiple employment positions at one time, which biases  professional behavior  Post-Employment: Holding a sequence of employment positions where you carry a bias from  one job to the next  The Enron Case Why did the conflicts of interest exist with the following parties: Andersen Accountants? Sell-side Analysts? Investment Bankers? Lawyers? Consultants? Credit Raters? (For all above see forum discussions on OnCourse)
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Unformatted text preview: How have we prevented some of the conflicts of interest going forward from the Enron Scandal? The Enron Case After the Enron debacle we have had an increased role of government regulation in financial markets. For Example: The Sarbanes-Oxley Act How can we judge the efficiency of the new regulations? Compare benefits: Reduced occurrence of financial accounting fraud. to costs: Firm compliance costs and government enforcement costs....
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