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AC 410 All Assignments

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The international CPA firm of Arthur Andersen faced significant liability<br />

in conjunction with its audits of Enron Corporation.<br />

Required:<br />

From a legal liability perspective, describe the unique features of this<br />

audit case.<br />

Describe the important implications of this audit case for a firm of<br />

public accountants.<br />

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5–36<br />

Comment on the reliability of each of the following examples of audit<br />

evidence. Arrange your answer in the form of a separate paragraph for

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