Enron as a Sympton of Audit Process Breakdown: Can the Sarbanes-Oxley Act Cure the Disease?
Critical Perspectives on Accounting
This paper presents a model of the auditor’s misstatement detection and reporting process, which consists of three steps: (1) awareness of the transaction, (2) recognition that the transaction’s accounting treatment results in a misstatement, and (3) a willingness to modify the audit opinion to disclose the nature of misstatement if management does not correct the misstatements.
Recommended CitationCullinan, Charles P., "Enron as a Sympton of Audit Process Breakdown: Can the Sarbanes-Oxley Act Cure the Disease?" (2004). Accounting Journal Articles. Paper 12.
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