THIS IS FROM BIGGER THAN ENRON MOVIE

E) Discuss the fraud at Sunbeam involving the CEO Al "Chainsaw" Dunlop. What accounting mechanisms were abused? Discuss the "Cookie Jar Reserves" or "Slush-Fund" and how they work. What actions can be taken by an Auditor to ensure that such Reserves" and Funds" are not established and abused by Management? [Hint: Retroactive Restatement vs. Current and Prospective Adjustments F) Discuss the Fraud at Waste Management. How did management pull-off the Fraud? When did the Auditors (Arthur Andersen) discovered what happened? Discuss the long-term agreement between Andersen and Waste Management What does this agreement constitute? How and when did the SEC find out about the scandal and the arrangement? What did the SEC do in light of this impact of the destruction of documents in the Waste Management case and the "Harbinger" of things to come at Enron Do you believe in some way that the SEC assisted in the same behavior occurring at Andersen? unprecedented "agreement" between Andersen and Waste Management? Discuss the Enron by not severely punishing E) Discuss the fraud at Sunbeam involving the CEO Al "Chainsaw" Dunlop. What accounting mechanisms were abused? Discuss the "Cookie Jar Reserves" or "Slush-Fund" and how they work. What actions can be taken by an Auditor to ensure that such Reserves" and Funds" are not established and abused by Management? [Hint: Retroactive Restatement vs. Current and Prospective Adjustments F) Discuss the Fraud at Waste Management. How did management pull-off the Fraud? When did the Auditors (Arthur Andersen) discovered what happened? Discuss the long-term agreement between Andersen and Waste Management What does this agreement constitute? How and when did the SEC find out about the scandal and the arrangement? What did the SEC do in light of this impact of the destruction of documents in the Waste Management case and the "Harbinger" of things to come at Enron Do you believe in some way that the SEC assisted in the same behavior occurring at Andersen? unprecedented "agreement" between Andersen and Waste Management? Discuss the Enron by not severely punishing