with regards to the Enron Scandal

1. What do you believe Enron should have done to prevent the collapse? [15 MARKS]
2. Identify and list five recommendations that have been made recently to strengthen the independent audit function. For each of these recommendations, indicate why you support or do not support the given measure. [10 MARKS]
3. Do you believe that there has been a significant shift or evolution over the past several decades in the concept of "professionalism" as it relates to the public accounting discipline? If so, explain how you believe that concept has changed or evolved over that time frame and identify the key factors responsible for any apparent changes. [5 MARKS]