In Enron's Wake

Sweeney, Paul
March 2002
Financial Executive;Mar/Apr2002, Vol. 18 Issue 2, p21
Academic Journal
The article discusses proposed reforms in the aftermath of an accounting scandal involving Enron Corp. and accounting firm Arthur Andersen. Howard Schilit, author of "Financial Shenanigans," believes auditors need to be more outspoken when they see clients engaged in questionable activities. Professor Douglas Carmichael of Baruch College says that corporate audit committees need to have access to independent advisers. Professor John Coffee of Columbia University Law School advises that firms should be made to hire new auditors every three years.


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