Please review the prescribed short videos 1 & 2 and prepare a maximum 1-page response from the whole group to the questions below.

As this this is group exercise, you only need to submit 1 response for you whole group, please ensure that you identify any students who did not participate in this activity

1: The Enron Scandal (youtube)

2. Understanding the Sarbanes Oxley Act (youtube)

Questions to be answered by group

At least when the titanic went down the lights were on Enron CEO Jeff Skilling, 2001

1. Executive accountability is an essential internal control. Enron scandal (short video 1 & 2) (2 marks) Students who participated in answering questions 1(a&b) are (1) ., (2), (3) .., (4) .., (5) .

(a) Identify and discuss at least two (2) key issues in executive accountability coming forward in this case; (1 mark)

(b) Identify and discuss

2 key lessons can you take-away from the this for improving IT risk management (1 mark) The giant accounting firm Arthur Andersen broke the law by shredding Enron Corp. documents, a U.S. jury decided on the weekend. CBC News, June 17, 2002.

2. With reference to Short videos 1 & 2 (2 marks) Students who participated in answering question 2 (a & b) are (1) ., (2), (3) .., (4) .., (5) .

(a) How was Arthur Andersons independence as an external Audit compromised at Enron? (0.5 mark)

(b) How does Sarb Ox (2002) seek to address? (1.5 Mark)