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Background of the Enron Case: During the downfall of
the Enron Corporation, Arthur Anderson, and Enron’s accounting firm, instructed
its employees to destroy financial documents relating to Enron. On May 6, 2002
a charge of obstructing an official proceeding of The Securities Exchange
Commission was filed against Arthur Andersen LLP. Hence, the term, “Whistle-blower,”
was formed as well as the Sarbanes-Oxley Act which monitors the ethical and
financial affairs of all business corporations.
the Internet, locate sources of information about this landmark case. Review
the contributing factors to the evolution of this situation, the legal
ramifications, and the resulting effects on corporate ethical standards that
occurred to prevent further malfeasance on the part of corporate executives.
Refer to the Supreme Court Full Case Name: Arthur Andersen LLP v. United
States. Citations: 544U.S 696; 125 S.Ct.2129; 161L.Ed.2d 1008; 2005 U.S. LEXIS
a four to six (4-6) page paper in which you:
- Determine the
primary factors that contributed to the downfall of Enron’s financial
- If you had been
assigned to defend Enron, justify the legality of its methods of handling its
- Differentiate the
responsibilities of Arthur Anderson’s auditors from that of Enron’s
- Analyze the
provisions of the Sarbanes-Oxley Act.
at least five (5) quality academic resources in this assignment. Note: Wikipedia
and other Websites do not quality as academic resources.
assignment must follow these formatting requirements:
- Be typed, double
spaced, using Times New Roman font (size 12), with one-inch margins on all
sides; citations and references must follow APA or school-specific format.
Check with your professor for any additional instructions.
- Include a cover
page containing the title of the assignment, the student’s name, the
professor’s name, the course title, and the date. The cover page and the
reference page are not included in the required assignment page length.
specific course learning outcomes associated with this assignment are:
guidelines to maintain effective corporate governance in a firm and ensure
compliance with the provisions of the Sarbanes-Oxley Act.
- Analyze company
policies to ensure compliance with key provisions of the major federal
laws related to investor protection, equal employment opportunity,
consumer protection, and environmental protection.
technology and information resources to research issues in commercial law.
clearly and concisely about commercial law using proper writing mechanics.