The Arthur Andersen Debacle free essay sample

A discussion of whether or not auditing should be separated from consulting. We will write a custom essay sample on The Arthur Andersen Debacle or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Need order essay? Ask here how. This paper analyzes the accounting firm, Arthur Andersen and describes the role Andersen played in the Enron collapse. The paper uses this case to illustrate the debate of whether or not auditing should be separated from consulting. The writer states that the Andersen debacle has been instrumental in informing the public of the flaws of businesses in a capital market. In recent months the standards of the accounting profession have been the subject of great scrutiny. At the forefront of this ongoing debate is the accounting firm of Arthur Andersen. The firm has been found guilty of obstruction of justice in the Enron case on the grounds that the company shredded valuable documents relating to the financial collapse of Enron. The purpose of this paper is to explore whether or not auditing should be separated from consulting.