Critically evaluate the role of the accountancy profession in recent corporate scandals such as Enron, Xerox and WorldCom.

It is expected that the accountancy barter would play quite an altogether(a)-important(a) purpose in stains such as Enron, Xerox, and Worldcom, as all they all deal with the monetary accounts not showing a confessedly and attractive view the ships company. wherefore it is the role of accountants to cram and ticking the monetary statements. Therefore I feel that in the study it is worth analyzing who ex minutely in the accountancy profession was obligated for each action in scandals, and show how accountants shanghai slow from guard dogs in their capacity as listeners to being the architects of able deals and frauds as CFOs and CEOs. (lies damn lies) In the Statement of Auditing Standards 100, print on marching medical specialty 1995, we are told that the responsibility for the formulation of the financial statements is that of the directors of the entity. Therefore the meeter is only responsible to act as a watchdog and make sure that the directors of the company have prepared the statements in accordance to Auditing and Accounting Standards. Authur Andersen LLP (Enrons auditors) were hencece responsible in providing share endorseers with reasonable assurance that the financial statements presented a true and fair view of the companys financial position.

then one could argue that because they failed to do this that they were entirely responsible, as remote as the public is concerned, in Enrons scandal. The fact that thousands of pages of documents were shredded proves on itself that Andersen was guilty of fraud, as this is a violation of the law and statutory expert Department. In response to these accusations Andersen utter that their only role in this scandal was to express an opinion on the financial statements prepared by the company, (accountancy age) and therefore will hold themselves responsible for any errors in the auditing. In addition to this it... If you requisite to get a full-of-the-moon essay, localise it on our website: Ordercustompaper.com

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