After watching the video Bigger Than Enron from this unit’s studies, discuss the following.
It appears from the video that Arthur Andersen was plagued by a number of scandals during the 1990s before the Enron scandal. It also appears that the SEC during this time had made several attempts to enact reforms that were thwarted by lobbyists, Congress, and the business itself. Given these circumstances and the fact that this was pre-Sarbanes Oxley, how much culpability is assigned to Arthur Andersen? Please explain your position. Does not have to be too long, one to two paragraphs are enough.