Give an example of an ethical dilemma from the Enron case. Describe steps to resolve the ethical dilemma AICPA code of professional conduct requires a member in public practice to be independentWhat is meant by auditor independence? Were the auditors In the Enron case Independent? Cite specific examples to support whether they were independent. The Sarbanes$-$Oxley Act and SEC have placed restrictions on the types of non$-$audit services that can be provided to publicly held clients. Nine services are prohibited $.$ List these services and state the pros and cons of providing non$-$audit services to the client. What are the functions of an audit committee? Would the requirement by SOX to have all audit and non$-$audit services approved by the audit committee prevent another "Enron Scandal? Anderson's chief executive Joseph F Bernardino testified that the proposed $ million adjustments were not material. What is your understanding of materiality $?$ What are some factors that may have prevented them from insisting that Enron make the adjustments? Cite examples from the case Many asked, "Where was Anderson, the accounting firm that was to serve as Enron's public $"$ watchdog? Was this question justified? What do you think ultimately led to the downfall of Anderson LLP$?$ Cite examples from the case. What are some of the ways that the profession and society now encourage CPAs to conduct themselves with high integrity?