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...
:It also has destroyed the reputation of the global accounting giant Andersen,
which had failed to spot any irregularities while auditing Enron・s accounts. ...
:There is no systemic failure in this country in financial reporting, auditing or
corporate governance.;
(reference appendix eleven)
This statement shows that the current situation in the UK market of an event
like Enron happening over here is not very likely, as the financial reporting,
auditing and corporate governance are all at a higher standard than the US. ...
:Enron・s collapse has triggered a loss of confidence in corporate governance,
financial reporting and auditing, not just in America, where the problems had
arisen, but right around the world including, as we know.
Approximate Word count = 1912 Approximate Pages = 7.6 (250 words per page double spaced)
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