Explore BrainMass

Explore BrainMass

    Auditors 'clean' opinion letter

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    How could a company get a 'clean' opinion letter from its auditor but still have issues, such as an Enron?

    © BrainMass Inc. brainmass.com June 3, 2020, 6:56 pm ad1c9bdddf
    https://brainmass.com/business/auditing/auditors-clean-opinion-letter-80176

    Solution Preview

    There are a few reasons this could happen and after Enron and WorldCom, many Federal agencies such as the SEC have been working to provide for more stringent financial disclosure requirements.

    The best explanation for why this occurs is due to creative accounting. Auditors are accountants and with big ...

    Solution Summary

    This solution provides a detailed explanation of the given accounting question.

    $2.19

    ADVERTISEMENT