Summary of A Sad Tale

FIN/571

Summary of A Sad Tale

This week, Learning Team B is asked to read "A Sad Tale: The Demise of Arthur Andersen," a consulting firm who is most notable for handling Enron audits. They are asked to discuss the mistakes made by the organization as well as what leadership could have done to help prevent the organization's failure.

According to Webster, a consultant is a person who gives professional advice or services to companies for a fee (Incorporated, 2013). Investopedia states that an accountant is a professional person who performs accounting functions such as audits or financial statement analysis (USA, 2013). A person giving professional advice to a company as well as providing accounting functions and audits would have a serious breach of ethics if...