University of the People BUS 5115 What could have been done to avoid the conflicts of interest you identified.docx - What could have been done to avoid the conflicts of interest you

What could have been done to avoid the conflicts of interest you identified?
With the fall of Enron, the financial auditor Arthur Anderson fell due to his complicity, by receiving $ 25
million in fees, for auditing Enron's company while he received $ 27 million for consulting the same
company in the same year, that Arthur Andersen's office was doing in addition to the two professions
The previous two had the task of internal review of the same company, which contributed greatly to the
occurrence of these financial scandals, and therefore, Arthur Andersen failed to provide a sincere and
fair opinion due to weakness in professional ethical standards, which led to its collapse and inclination.
(Stinson)
The Arthur Andersen Collapse incident made the integrity of the auditing profession a matter of doubt
by the community. When combining two tasks (auditing and cons