This business college class I am taking does a "Tribond assignment" That makes you write a small one page paper about what the common bond is on three things. What do you think the common bond is for Enron, Arthur Andersen, and Sarbanes-Oxley?
Enron = Lack of internal controls
Arthur Andersen = Somehow managed to ‘overlook’ Enron’s lack of internal controls, because some of Andersen’s employees/auditors were also part of Enron’s management team.
Sarbanes-Oxley = Mandates that an auditing firm cannot be part of the company’s management ‘team’.
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That’s my opinion – hope it gives you a start. 
December 27th, 2009 at 3:20 pm
Enron = Lack of internal controls
Arthur Andersen = Somehow managed to ‘overlook’ Enron’s lack of internal controls, because some of Andersen’s employees/auditors were also part of Enron’s management team.
Sarbanes-Oxley = Mandates that an auditing firm cannot be part of the company’s management ‘team’.
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That’s my opinion – hope it gives you a start.
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