What was the reputation of the Arthur Andersen CPA firm in the 1960s and 1970s?
1. What was the reputation of Arthur Andersen in the late 1990s through 2002?
Arthur Edward Andersen built his firm, Arthur Andersen & Company, into one of the largest and most respected accounting firms in the world through his reputation for honesty and integrity. “Think straight, talk straight” was his motto and he insisted that his clients adopt that same attitude when preparing and issuing their periodic financial statements. Arthur Andersen’s auditing philosophy was not rule-based, that is, he did not stress the importance of clients complying with specific accounting rules because in the early days...
Arthur Edward Andersen built his firm, Arthur Andersen & Company, into one of the largest and most respected accounting firms in the world through his reputation for honesty and integrity. “Think straight, talk straight” was his motto and he insisted that his clients adopt that same attitude when preparing and issuing their periodic financial statements. Arthur Andersen’s auditing philosophy was not rule-based, that is, he did not stress the importance of clients complying with specific accounting rules because in the early days...
1. At which stage of Kohlberg’s Stages of Moral Development did the top partners of Arthur Andersen act in the 1960s and 1970s?
The illegal actions of Enron and Arthur Andersen brought about what changes in the field of accounting? Check all that apply. Accounting professionals were now regulated by the Pubic Company Accounting Oversight Board. Criminal penalties were put in place so that CEO's and CFO's have repercussions if financial reports are falsified. Auditors are required to make public the accounting records of any firm they work with, given 120 days notice. The Sarbanes-Oxley Act was enacted. Which of these are true...
Please research and analyze the stakeholder consequences of the Enron/Arthur Andersen debacle.
Identify and discuss why Arthur Andersen as Enron’s auditor was forced out of accounting business.
At which stage of Kohlberg’s Stages of Moral Development did the top partners of Arthur Andersen act in the late 1990s through 2002?
case study Enron: a classic corporate governance case . Enron's external auditor,Arthur Andersen, earned substantial consultancy fees from the company as well as the audit fees . Enron also employed several former Andersen partners as senior financial executives.Could the external auditors really be considered independent?
The young people of counterculture of the 1960s/1970s challenged the hypocrisy of their parent's generation, especially the norms of pursuit of material things, war, as well as their norms of conformity and obedience to authority. Do you think we need another sexual revolution? Why or why not? If So, what norms do you hope it would challenge?