회계원리 Arthur Andersen in the Enron Case(영문)

회계원리 Arthur Andersen in the Enron Case(영문)

[회계원리] Arthur Andersen in the Enron Case(영문).pptx

목차 1.Introduction of Arthur Andersen 2.Arthur Andersen in Enron Case 3.Consequences of Enron Case 4.Lessons from Enron Case 본문 As time passed, change in Philosophy Increased focus on: Consulting wing Growth- capturing many big clients Maximizing Profits Guilty verdict of obstruction of justice → Collapse in June 2002 Auditing & Consulting done together In 2000, Enron paid Andersen $25 million for auditing and $27 million for consulting Q: “How can any auditor be independent when his client is paying this kind of money?” Sarbanes-Oxley Act , 2002 Setting up the PCAOB(Public Company Accounting Oversight Board) Define Accounting & Auditing principles Oversee, Regulate, Inspect, Discipline EnsuringAuditor Independence, Corporate Governance, FinancialDisclosure Enhancing severity of White Collar Crime Penalty 본문내용 Case Consequences of Enron Case Lessons from Enron Case Introduction of Arthur Andersen One of “Big Five” Accounting Firms Founded by Arthur Andersen, 1913 Supporter of Integrity of independent audits ↑Reputation for honesty, integrity, ethics Introduction of Arthur Andersen As time passed, change in Philosophy Increased focus on: Consulting wing Growth- capturing many big clients Maximizing Pr