a. Identify and discuss at least THREE (3) financial or managerial practices that were violated by Enron. (6 marks)

b. Suggest and justify appropriate internal controls practices that should have been used to prevent the occurrence of each of the violation identified above, along with at least ONE (1) accounting assumptions that should have been adhered to. (8 marks)

c. Defend how adherence to any TWO (2) of the following bodies could have helped in preventing the violations identified above: I. IASC II. GAAP III. FASB IV. FAC