• Research the scandals involving Enron and Worldcom and cite your article(s). Write a report including the answer of the following questions.
• Provide details (with reference to dates) of the Enron Scandal

1. Provide details (with reference to dates) of the WorldCom Scandal
2. Who were the auditors of Enron? what was their role in the scandal?
3. Who were the auditors of WorldCom? what was their role in the scandal?
4. What was the government’s reaction to these scandals?
5. How have these two situations affected the Auditing profession in Canada currently? Be specific.

Your answers should contain the following items:

Information Risk

Business Risk

Audit Risk

Accounting Risk

Professional Judgment

Professional Skepticism

Ethics