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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1015 |
Essay's paper body
They have 85.000 employees in 84 different countries. Their job was simply to audit financial statements, but they didn't do just that. Arthur Andersen was with Enron for all 16 years. According to Enron's financial statements Andersen earned $25 million for the auditing work that they did and $27 million for the non-audit fees in 2000 alone...
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But, that is from Enron's financial statement and I guess we can't really rely on that. After Enron filed for bankruptcy, the SEC questioned Andersen CEO Joseph Berardino. They questioned Berardino on his firms auditing and Enron's overstated profits. He told the SEC that Enron's audit statements were misleading...
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General points of the essay
Analysis of Financial Statements
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