Enron Case Study: Revised SAS 99
Identify the accounting scandal at the Enron corporation that resulted in a loss of reputation to the accounting profession. Explain the crime(s) Enron committed.
As a result of these accounting scandals, the AICPA recognized the need for accounting professionals to change their attitudes toward fraud detection by revising SAS 99. List at least four of the significant changes made to SAS 99 and explain.
Your tutorial is 991 words and two references and discusses Enron and four major changes that came with SAS 99, Consideration of Fraud in a Financial Statement Audit.
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