... 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 ... and independence (Buckstein). These new standards promoted transparency of audits and updated audit formats 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 ....

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