On almost a weekly basis, the public is hearing news of fraud, embezzlement, money laundering, or some other type of white-collar financial crime. The increased need for forensic accountants id directly proportionate to the increasing amount of public accounting scandals. I am going to take a look at a case study of one of the first international fraud cases that spanned multiple continents, involved public officials, and eventually had vast implications for the accounting profession as a whole. Case studies were identified in the research discussed in Forensic Accounting: What is it? And How to be an Effective Forensic Accountant , identified case studies as an important tool for forensic accountants to further hone their skills. Two parts were addressed while looking at FOF, one the perpetration of the fraud itself and then the charges brought its auditor.
Arthur Andersen Case
Arthur Andersen Case Example | Graduateway
By , Enron was the largest selling company of natural gas in North America. In October a scandal involving Enron was emerging. This scandal led to the fall of the company. The Enron case and many others cases led to the collapse of other companies that did business with them which included one The business risks Enron faced are as following Discuss the environmental, strategic and organizational changes that occurred over the life of Andersen in the context of figure
Arthur Andersen LLP Case Study Analysis & Solution
The cases describe the demise of Arthur Andersen, a firm that had long set the industry standard for professionalism in accounting and auditing. Once an example of strong corporate culture with a commitment to public service and independent integrity, Andersen saw its culture and standards weaken as it grew explosively and changed its mode of governance. Students analyze the causes of Andersen's problems and advise Andersen leadership. The B case covers Arthur Andersen's relationship with Enron, one of the great success stories of the "new economy" boom. When Enron's aggressive use of off-balance sheet partnerships became impossible to hide in autumn , news reports stated that Andersen auditors had engaged in extensive shredding of draft documents and associated communications with Enron.