Acc 281 Week 3 dq 1

Read and respond to ATC 7-7 on page 285. This situation is similar to the Enron scandal from several years ago. Use the Ashford Online Library to research Enron accounting procedures. In your post, discuss how these accounting procedures affected the company and stockholders. You must respond to at least two of your classmates' postings to receive full credit.

a. How did David's scheme affect the overall appearance of Global's financial statements? Why was this important to investors and creditors?

b. Review the AICPA's Articles of Professional Conduct (see Chapter 1) and comment on any of the standards that have been violated.

c. Name the features of the fraud triangle and explain how they materialize in this case.

How did David's scheme affect the overall...