Business Law Accounting Ethics Questions

Questions:

1. Citing directly to the AICPA Code of Conduct and using the rule numbers, etc., as appropriate, identify and describe the ethics violations committed by the ENRON accountants detailed in the resources provided, identifying the violative acts and other relevant information.

2. Citing directly to the AICPA Code of Conduct and using the rule numbers, etc., as appropriate, identify and describe the ethics violations committed by the Arthur Anderson accountants detailed in the resources provided, identifying the violative acts and other relevant information.

3. How did the ethical misconduct affect the public and Enron investors relying on Arthur Anderson’s audit opinions?

4. What would you have done differently if you were in the shoes of the auditor? Be specific.

5. What would you have done differently if you were in the shoes of the Enron accountants?

6. What changes have been made to the accounting profession since this event? What has been the purpose of those changes? Have the changes, in your opinion, been effective at accomplishing those purposes?