The world of multinational corporations has witnessed a myriad of scandals involving its top management. However, no scandal has drawn much attention like the Enron Scandal. In 2001, revelations about the Enron Scandal began to resurface. The scandal involving top level management led to the state of bankruptcy of the firm (Sterling, 2002). Additionally, it contributed to the dissolution of one of its partners, Arthur Andersen, an audit firm. Apart from being one of the biggest scandals in the United States history, the scandal exposed the weaknesses in the audit sector. The paper seeks ...
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