Opening Story C The standards involved in Enron case n Special purpose entity(SPe); D FASB on SPe: 3% independent interest; Assume substantially the risk d Enron and Andersen: stick to 3 %o requirement, ignoring the risk assessment requirement; Q Accounting Standards or standards enforcement? Task Team of FUndaMientalactoUntING Business Sehool. Sun Yatsen niversity4 Opening Story ⧫The standards involved in Enron case;  Special purpose entity (SPE);  FASB on SPE; →3% independent interest; →Assume substantially the risk;  Enron and Andersen: stick to 3% requirement, ignoring the risk assessment requirement; ⧫Accounting Standards or standards enforcement?