Internal Controls

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Internal Controls

Internal Controls

Introduction

The main purpose of the audit is to check, balance, and prepare a proper report to the shareholder's and the regulatory authorities. It is the duty of an auditor to perform his duties with honesty, many auditors deviate from their basic role and help companies to show fake results and give benefits to the organizations to earn sum bribe. In this paper, we will discuss a real case of American company Enron, which makes false financial statements with their auditor namely Arthur Anderson.

Enron Corporation was formed in 1985 from a merger of Houston Natural Gas and Intermonth. Enron held ...
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