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Responsibilities of Certified Public Accountants and of the Board

  • Dimitris N. Chorafas

Abstract

Arthur Andersen, the former auditor of Enron and so many other companies in judicial trouble, said the fall-out from the company’s demise had created opportunities, as well as difficulties.1 This was a curious statement contradicting what the market thought about the auditors’ responsibilities. The same day that Andersen made that statement, February 6, 2002, Deloitte Touche Tohmatsu became the next auditor to succumb to pressure for reform after the collapse of the US energy trading company.

Keywords

Audit Committee Trade Creditor Supervisory Board Audit Firm Accounting Firm 
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Notes

  1. 7.
    D.N. Chorafas, Implementing and Auditing the Internal Control System, London, Macmillan, 2001.CrossRefGoogle Scholar
  2. 11.
    D.N. Chorafas, Operational Risk Control, London and Boston, Butterworth-Heinemann 2003.Google Scholar
  3. 14.
    D.N. Chorafas, Membership of the Board of Directors, London, Macmillan, 1988.CrossRefGoogle Scholar
  4. 15.
    D.N. Chorafas, Modelling the Survival of Financial and Industrial Enterprises. Advantages, Challenges, and Problems with the Internal Rating-Based (IRB) Method, London, Palgrave Macmillan, 2002.CrossRefGoogle Scholar

Copyright information

© Dimitris N. Chorafas 2004

Authors and Affiliations

  • Dimitris N. Chorafas

There are no affiliations available

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