Enron as a Symptom of Audit Process Breakdown: Can the Sarbanes-Oxley Act Cure the Disease?
Document Type
Article
Keywords
Sarbanes-Oxley Act;Enron;Audit process
Publisher
Elsevier
Publication Source
Critical Perspectives on Accounting
Abstract
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.
COinS
Comments
Published by Elsevier in Critical Perspectives on Accounting, volume 15 issues 6-7, pages 853-864.
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