The Enron collapse in the USA raised several issues with regard to Auditor Independence

Question: The Enron collapse in the USA raised several issues with regard to Auditor Independence.

a.Discuss three audit issues (such as independence, due diligence and valuation) that arose during the Enron collapse.

b.Critically discuss the relevance (if any) of the developments following Enron (for example the Sarbanes-Oxley Act) to Australian Auditors.

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