1. Enron and the Sarbanes Oxley Act
... 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 ... to the newest and best in terms of accuracy and ease of shareholders to see a true picture of a company's financial position (Buckstein). Another major duty of the PCOAB is to ensure that the audit client relationship is free from conflict of interest to prevent what happened at Enron and AA ... were] ...
- Word Count: 3410
- Approx Pages: 14
- Has Bibliography
- Grade Level: Graduate