Due Professional Care in Cases of High Engagement Risk - Auditing concerns that are particularly relevant on high-risk engagements such as Enron include going-concern assessments; related-party disclosures; subsequent discovery of facts; auditor independence; audit documentation; and loss contingency disclosures. This article examines each, and the authors discuss the relationship between due ...
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|Authors:||Venuti, Elizabeth; Holtzman, Mark P.; Basile, Anthony|
The CPA journal. - New York, NY : New York State Soc. of Certified Public Accountants, ISSN 0094-2049, ZDB-ID 8606109. - Vol. 72.2002, 12, p. 26-33
Enron and the Raptors - Enron's troubles can be traced to special purposes entities (SPE), dubbed the Raptors, that it established to shield itself from mark-to-market losses in its equity investment business. The authors detail the Raptors' byzantine structures and the attempts by Enron management to hide the losses from the company's balance sheet once the equity investments went south.
Holtzman, Mark P., (2003)
Basile, Anthony, (2008)
Basile, Anthony, (2002)
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