Fraud Case – Enron Corporation Include an overview of the case. Suggested topics to be addressed included: The Enron debacle created what one public official was a “crisis of confidence” on the part of the public in the accounting profession. List the parties who you believe are most responsible for the crisis and justify each of your choices – List at least three types of consulting services that audit firms have provided to their audit clients in recent years. For each item, indicate the specific threats, if any, that the provision of the given service can pose for an audit firm’s independence -Identify and list recommendations that have been made recently to strengthen the independent audit function and why you support(or not support)the given recommendation. Describe key requirements including in the professional auditing standards regarding the preparation and retention of audit work papers,including which party owns the work papers(auditing firm or client)
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