Meeting Their Professional Obligations? – A Comparison of the Professional Obligations of Enron’s Attorneys and Accountants
Ethics and Critical Thinking Journal, Vol. 2010, No. 3, pp. 35-62, 2010
35 Pages Posted: 12 May 2011 Last revised: 25 Jan 2018
Date Written: October 1, 2010
This paper explores the actions of both Arthur Andersen and Vinson & Elkins as they related to the Enron fraud. Analysis is given to the inherent differences between the roles of accountants and lawyers in business transactions and consideration is given to the specific actions of the lawyers and accountants involved with Enron given their respective professional duties and obligations. The premise of this paper is that Vinson & Elkins and Arthur Andersen each played equally essential roles in the perpetuation of the fraud and that it was an inequitable result that Arthur Andersen met its demise while Vinson & Elkins survived relatively unscathed.
Keywords: ethics, professional obligations, Enron, Vinson & Elkins
JEL Classification: M14, M40, K42
Suggested Citation: Suggested Citation