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The international CPA firm of Arthur Andersen faced significant liability in conjunction with its audits of Enron Corporation. Required: a. From a legal liability perspective,

The international CPA firm of Arthur Andersen faced significant liability in conjunction with its audits of Enron Corporation.

Required:

a.From a legal liability perspective, describe the unique features of this audit case.

b.Describe the important implications of this audit case for a firm of public accountants.

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