Order Description
Background of the Enron Case: During
the downfall of the Enron Corporation, Arthur Anderson, and Enron’s accounting firm, instructed its employees to destroy financial documents relating to Enron. On May 6, 2002 a charge of obstructing an official proceeding of The Securities Exchange Commission was filed against Arthur Andersen LLP. Hence, the term, “Whistle-blower,” was formed as well as the Sarbanes-Oxley Act which monitors the ethical and financial affairs of all business corporations.
Using the Internet or the Strayer Library, locate sources of information about this landmark case. Review the contributing factors to the evolution of this situation, the legal ramifications, and the resulting effects on corporate ethical standards that occurred to prevent further malfeasance on the part of corporate executives. Refer to the Supreme Court Full Case Name: Arthur Andersen LLP v. United States. Citations: 544U.S 696; 125 S.Ct.2129; 161L.Ed.2d 1008; 2005 U.S.LEXIS 4348; 73U.S.L.W.4393.
Write a four (4) page paper in which you:
1. Determine the primary factors that contributed to the downfall of Enron’s financial practices.
2. If you had been assigned to defend Enron, justify the legality of its methods of handling its finances.
3. Differentiate the responsibilities of Arthur Anderson’s auditors from that of Enron’s executives.
4. Analyze the provisions of the Sarbanes-Oxley Act.
5. Use at least five (5) quality academic resources in this assignment. Note: Wikipedia and other Websites do not quality as academic resources.
