will go to court with the evi dence she found and the Enrons case will be

Will go to court with the evi dence she found and the

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will go to court with the evidence she found and the Enron’s case will be repeated.In US, the Securities and Exchange Commission (SEC) - a government agency was appointed to select the auditors for the companies. By adopting such agencies, we are hoping to decrease the number of financial frauds. On the other hand, there should be organizations which will check the auditing companies as well. Fantastic Development has violated the law, however the hired auditing company hided the crime, which is also against the law. According to Benston (2002) there was a proposal on creating a new administrative organization to be in charge of CPAs. Public Regulatory Organisation has an authority and responsibility to check CPAs who sign the financial statements of publicly traded corporations. Such organisations will help to decrease the number of financial frauds. I consider if Jennifer did not know the company history, she could probably would not notice the problem at the first place, taking into account her work experience. The companies should be able to face any difficulties and be able to face the audit. Not trying to cover up the traces of fraud by tying the audit company. We should think not about ourselves. If the fraud took place, anyone could go to court, it is not only about management. As a result, the company will face a failure and will lose a reputation, employees will lose jobs and moreover could go to jail.
5CONFLICTING CLIENTS References G. J. Benston (February 25, 2002), Enron and Accounting Issues. Retrieved from: D. Edelman & A. Nicholson (n.d.). Arthur Anderson Auditor and Enron: What happened to their Texas CPA licenses? Retrieved from: 0and%20Enron.pdf The Economicst (February 7, 2002), Enron and auditing. The lessons from Enron.Retrieved from:

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