1. Enron and the Sarbanes Oxley Act
... client, paying them a little over $50 million in 2000 for both auditing and consulting services (Buckstein). Anderson acted as both Enron's internal and external auditor, which poses a huge conflict of interest and is a recipe for disaster. Enron outsourced many of its internal audit functions to AA, and AA even kept permanent staff on site at Enron at all times (Buckstein). As if that wasn't bad ... enough, many of Enron's executives were former AA executives (Buckstein). This conflict of interest hindered Anderson's ability to provide fair and independent services to Enron, which resul...
- Word Count: 3410
- Approx Pages: 14
- Has Bibliography
- Grade Level: Graduate