... Buckstein). Investigations found that Enron had around 3,000 different SPE's that they used and were never included in their financial statements. The company would also sell their bad (not profiting or old) assets to the SPE's to get them off their balance sheet and record a gain and then would turn around and hide all their losses under the SPE's name instead of their own (Buckstein). ... auditor, they are in charge of all communication with the external auditors so that no management is involved, and they must pre-approve all audit and even non-audit services the independent auditor ...

• Word Count: 3410
• Approx Pages: 14
• Has Bibliography
• Grade Level: Graduate