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At the end of 2001 the accounting world was shocked by a case that occurred in a company called Enron. Based on this case, answer the following questions:
Problem 1: What happened to the Enron case?
Problem 2: Who is responsible for the financial statements? auditors or management?
Problem 3: What are the implications for the Public Accounting Firm involved with this case?
Problem 4: What rule does the Enron case lead to in the United States?
Problem 5: In your opinion, how to maintain the independence of a Public Accountant?
Financial Statement Analysis and Preparation
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This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
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T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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