Enron burst into flames around January 2002. I was just starting my second semester at Brock University in the esteemed Bachelor of Accounting program when the Houston-based company went down. What did this mean to a 19-year-old Canadian accounting student with no share holdings and no knowledge of the energy trading giant from Texas? Actually, [...]
Tag: Enron ↓
What Enron meant to me
July 21st, 2006 · 2 Comments
Category: Auditing
Tags: Arthur Andersen, Enron, ethics, GAAP, Sarbanes-Oxley, school, standards
More discussion of rules versus principles
June 5th, 2006 · 2 Comments
Dennis over at AccMan Pro has commented on the difference between rules-based US GAAP and international principles-based IFRS, and his thoughts echo mine: Recent commentary has suggested the idea of convergence between US GAAP and IFRS won’t happen until hell freezes over. I’ve long held the view that the rules based US GAAP system is [...]
Category: Accounting Standards
Tags: CA, Enron, GAAP, IFRS, principles, rules, standards, WorldCom
