Arthur Anderson: Questionable Accounting Practices

Assignment 3: “Arthur Anderson: Questionable Accounting Practices”

Read the Arthur Anderson: Questionable Accounting Practices case. You are to write a four to six page paper that answers the following questions:

1.      Review the mandated requirements for legal compliance (from Chapter 4) and determine which requirements apply to the Arthur Anderson case. Explain your rationale.

2.      Discuss how the issues with the Arthur Anderson case may have played out differently if the Sarbanes-Oxley Act had been enacted in 1999.

3.      Determine and discuss which elements of the framework for ethical decision making in business (from Chapter 5) played the biggest role in the Anderson case. Explain your reasoning.

4.      Discuss how the situations at Arthur Anderson may have played out differently if their senior management had displayed the habits of strong ethical leaders.  Provide specific examples to support your response.

5.      Include at least three (5) references, no more than three (3) years old, from material outside the course.