WASTE MANAGEMENT FRAUD CASE

Chapter 9 Assignment What were the incentives and pressures that led to the fraud? The incentives were to create the appearance of continued rapid growth in order to keep stock prices up and to maintain the wealth of the companies executives. 1. 2. What happened to each of the Waste Management executives cited in the SEC's Litigation release? 3. What happened to the auditing firm of Arthur Anderson as.a result of their Waste Management 4. What policies or procedures could Arthur Anderson have used to avoid the problems in the Waste 5. How did this case affect your views and opinions Do you think the punishment was appropriate? audits? Do you think those consequences were appropriate? Management audit? Chapter 9 Assignment What were the incentives and pressures that led to the fraud? The incentives were to create the appearance of continued rapid growth in order to keep stock prices up and to maintain the wealth of the companies executives. 1. 2. What happened to each of the Waste Management executives cited in the SEC's Litigation release? 3. What happened to the auditing firm of Arthur Anderson as.a result of their Waste Management 4. What policies or procedures could Arthur Anderson have used to avoid the problems in the Waste 5. How did this case affect your views and opinions Do you think the punishment was appropriate? audits? Do you think those consequences were appropriate? Management audit