Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 2 of 2
Full-Text Articles in Business
How The Accounting Profession Is Adapting To Prevent Another "Enron", Loriann Walker
How The Accounting Profession Is Adapting To Prevent Another "Enron", Loriann Walker
The Corinthian
Enron taught the accounting profession many valuable lessons. These lessons include the importance of Generally Accepted Auditing Standards, maintaining independence, and acting with professional ethics.
Governmental & Accounting Profession Changes Implemented In An Attempt To Prevent Another Major "Enron Type" Corporate Collapse, Emily Dennie
The Corinthian
One thing that remains constant through the Enron collapse and subsequent investigation is the resolve of the Securities and Exchange Commission (SEC) and the accounting profession to assure the public that they are taking the appropriate measures to avoid a situation like this in the future. Since the SEC released its intent to investigate Enron, in October 2001, both the SEC and the American Institute of Certified Public Accountants (AI CPA) have made and implemented many changes including four new Statements on Auditing Standards (SASs) and at least two new programs. Of the four new standards, only SAS No. 99 …