ACC 618 ACC618 WEEK 2 DQ 1 ARTHUR ANDERSON - ASHFORD

ACC 618 ACC618 WEEK 2 DQ 1 ARTHUR ANDERSON - ASHFORD

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Ashford ACC 618 Week 2 Discussion 1 Arthur Anderson
Arthur Anderson [CLO: 3]. 1st Post Due by Day 3. Arthur Andersen LLP was the auditor for Enron, WorldCom, Waste Management and other companies that committed fraud. Andersen was forced to shut its doors forever after a U.S. Department of Justice lawsuit against the firm charged that it had obstructed justice and lied to the government in the Enron case. One thing Andersen had done was to shred documents related to its audit of Enron before the government could get its hands on them. Some in the profession thought the government had gone too far given the facts and mediating circumstances including top management’s deception; others believed the punishment was unjustified because most accounting firms got caught up in similar situations during the late 1990s and early 2000s (pre-Sarbanes-Oxley). What do you believe? Use ethical reasoning to support your answer.
Incorporate concepts from this week’s lecture in your post. Your main post should be at least 250 words in length. Respond to at least two of your classmates’ posts.

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