CLA 2 Comprehensive Learning Assessment

The textbook includes information regarding Enron Corporation and Sarbanes-Oxley. Using the search terms to search the textbook and with other supporting research:

a) Identify at least three internal control issues exhibited in the demise of Enron and their external accounting company, Arthur Anderson.

b) Identify at least three important elements of the Sarbanes-Oxley Act that attempted to address these issues.

c) Finally, give your informed opinion as to whether or not the Sarbanes-Oxley Act fixes the financial issues of the Enron collapse.

I have provided the Homework Template in the files. 

Textbook Link: https://assets.openstax.org/oscms-prodcms/media/documents/FinancialAccounting-OP_YioY6nY.pdf

Please use the Chapters to complete the Assignment 

Reading: Principles of Accounting, Volume 1, Financial Accounting

o Chapter 6: Merchandising Transactions

o Chapter 14: Corporation Accounting

o Review all chapters necessary for the successful completion of the CLA2.