Holmes Institute HI5026 Memo 01 – Semester 02, 2014
Background:
Mr. Dewey, a Senior Partner of the CPA firm
Dewey, Cheatem, & Howe, after noting that
many positivist accounting theorists and rightwing economists recommend that general
purpose financial statements (GPFS) be
deregulated and let market forces control the
quality of GPFS, has expressed concern that
the role (and revenues) of independent external
auditors will be dramatically reduced.
Required:
Use the events and outcomes surrounding the
collapse of Enron and Arthur Andersen to give
insight on this issue in a ½ to 1½ page Memo
that is addressed to Mr. Tu Dewie and resolves
his concerns.
A Full Service Creative Accounting Firm
Loopholes Located Books Juggled Taxes Evaded
Funds Diverted Money Laundered Shortages Hidden
Pensions Plundered Credit Denied Parking Validated
Bankruptcies our Specialty!
Holmes Institute HI5026 Memo 01 – Semester 02, 2014 Background: Mr. Dewey, a Senior Partner of the CPA firm Dewey, Cheatem, & Howe, after noting that many positivist accounting theorists and right wing economists recommend that general purpose financial statements (GPFS) be deregulated and let market forces control the quality of GPFS, has expressed concern that the role (and revenues) of independent external auditors will be dramatically reduced. Required: Use the events and outcomes surrounding the A Full Service Creative Accounting Firm collapse of Enron and Arthur Andersen to give Loopholes Located Books Juggled Taxes Evaded insight on this issue in a ½ to 1½ page Memo Funds Diverted Money Laundered Shortages Hidden that is addressed to Mr. Tu Dewie and resolves Pensions Plundered Credit Denied Parking Validated his concerns. Bankruptcies our Specialty!
Attachments: