(a) What are the responsibilities of a company's board of directors? (b) Could the board of directors...
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(b) Could the board of directors at Enron-especially the audit committee-have prevented the fall of Enron?
(c) Should they have known about the risks and apparent lack of independence with Enron's SPEs? What should they have done about it?
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a The board of directors is responsible for ensuring that a firms management is acting in the best interest of the firms owners As such directors can be held liable by shareholders and others if they ...View the full answer
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Aun Ali
I am an Associate Member of Cost and Management Accountants of Pakistan with vast experience in the field of accounting and finance, including more than 17 years of teaching experience at university level. I have been teaching at both undergraduate and post graduate levels. My area of specialization is cost and management accounting but I have taught various subjects related to accounting and finance.
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Related Book For 
Auditing Cases An Interactive Learning Approach
ISBN: 978-0133852103
6th edition
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
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