Faculty Mentors

Dixie Clark


One thing that remains constant through the Enron collapse and subsequent investigation is the resolve of the Securities and Exchange Commission (SEC) and the accounting profession to assure the public that they are taking the appropriate measures to avoid a situation like this in the future. Since the SEC released its intent to investigate Enron, in October 2001, both the SEC and the American Institute of Certified Public Accountants (AI CPA) have made and implemented many changes including four new Statements on Auditing Standards (SASs) and at least two new programs. Of the four new standards, only SAS No. 99 is not an update to a previously published statement. In response to the SEC's action, the accounting profession has begun to implement the new standards as well as create new programs in an attempt to regain public support.

Included in

Accounting Commons



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