Unfortunately, as far back as prior to Jeffrey Skilling’s appointment to CEO the audit team at Andersen was clearly aware of the deception and the labyrinth of limited partnerships Enron leadership was covering up. They could have and certainly should have reported the violation, but motivated by their own greed giving up the $52 million-dollar client was not an option, as a result they did nothing but proliferate the façade (Rosoff, Pontell and Tillman, 2014). Enron had a lengthy list of contributors to its eventual downfall, many of which will likely never be prosecuted. The key leadership from treasury, finance and executive branch had the opportunity to do the right thing but chose to continue the cover-up until Enron finally imploded. Financial institutions that provided questionable transactions would share in the blame and of course the company whose auditing seal of approval would be inked on Enron along many firms to in the wake of the scandal, Arthur Andersen (Downes,
Unfortunately, as far back as prior to Jeffrey Skilling’s appointment to CEO the audit team at Andersen was clearly aware of the deception and the labyrinth of limited partnerships Enron leadership was covering up. They could have and certainly should have reported the violation, but motivated by their own greed giving up the $52 million-dollar client was not an option, as a result they did nothing but proliferate the façade (Rosoff, Pontell and Tillman, 2014). Enron had a lengthy list of contributors to its eventual downfall, many of which will likely never be prosecuted. The key leadership from treasury, finance and executive branch had the opportunity to do the right thing but chose to continue the cover-up until Enron finally imploded. Financial institutions that provided questionable transactions would share in the blame and of course the company whose auditing seal of approval would be inked on Enron along many firms to in the wake of the scandal, Arthur Andersen (Downes,