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calling us for advice as this scandal was occurring. At some point, I stepped out into the hallway where all the other accounting professors were looking at each other, and we knew our world had changed forever.” Some ethics classes make an entire semester out of this case study, so there is plenty written about it.Arthur Anderson: An Accounting Confidence Crisis(N.D.) Daniels Fund Ethics Initiative. University of New Mexico. Retrieved from: Benson, G. & Scott, K. (2002). Enron and Accounting Issues. AEI Shadow Financial Regulatory Committee. Retrieved from: Brown, K. & Dugan, I. (2002, June 7). Arthur Anderson's' Fall from Grace Is a Sad Tale of Greed and Miscues. Wall Street Journal. Retrieved from: Edelman D. & Nicholson, A. (2011). Arthur Anderson and Enron: What happened to their Texas CPA Licenses?Journal of Financial Accountancy. 8(1).Lessons from Enron. (2002). The Economist. Retrieved from: Oppel, R. & Eichenwald, K. (2002, Jan 16). Enron's Collapse: The Overview; Arthur Andersen Fires an Executive for Enron's Orders.The New York Times.
Discussion AssignmentIn the discussion forum, you are expected to participate often and engage in deep levels of discourse. Please post your initial response as early as possible and continue to participate throughout the unit. You are required to post an initial response to the question/issue presented in the Forum and then respond to at least 3 of your classmates’ initial posts. You should also respond to anyone who has responded to you.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.