Case-1 : Enron Corporation from Knapp case book:

The purpose of this assignment is todiscuss andcritically analyzebusiness and auditing situations that directly relate to the professional issues covered in this course which lead toreal world audit failures. In your DB activities, you will

1. Identify and describe key theories and practices in the areas of accounting and auditing. (CSO 1.1)
2. Apply accounting and auditing concepts to real world examples and case studies. (CSO 1.2)
3. Utilize accounting and audit procedures to identify issues, collect and examine information, evaluate evidence, and draw conclusions. (CSO 2.1)
4. Integrate knowledge from various accounting viewpoints, develop innovative ideas/approaches to address professional responsibilities and attestation standards, and transfer skills to the workplace. (CSO 2.2)
5. Apply appropriate biblical principles to business and ethical situations surrounding attestation performance and analysis. (CSO 3.1)
6. Present information in written format that is organized, clear, and concise and is tailored to the needs and specification of the appropriate audience. (CSO 3.2)

ForWeek 5, writeone Postby selecting one of the assigned Case Studies and providing responses to the assigned end-of-case questions.InWeek 6,you will writetwo Responsesby selecting the Posts of two classmates that are different from your Post and different from each other.

To DB Post, use the material covered in your textbook readings, instructional videos,other course material, and the attached file which includes the text for the Case Studies. Evaluatethe Case Study information provided in the context of the course material andthoroughly answerthe five assigned end-of-casequestions.

The text of each case is attachedbelow in one of these two files. In the list describing the Case Names and Numbers below, I have identified the cases as Located in File "1 of 2" or "2 of 2" to correspond with their file nameshere: