For purposes of this question, assume that the excerpts from the Powers Report shown in Exhibit 3 provide accurate descriptions of Andersen’s involvement in Enron’s accounting and financial reporting decisions.Given this assumption, do you believe that Andersen’s involvement in those decisions violated any professional auditing standards? If so,list those standards and briefly explain your rationale.

Read (Knapp 21) Knapp, Michael C.

Contemporary Auditing, 10th Edition.

Answer rating: 100% (QA)

Yes Anderson did violate the professional auditing standards as he influenced the decision making pr... View the full answer