This essay discusses the scandal of Enron Corporation. In the first part, main reasons having led to its sudden and scandalous downfall will be explained; in particular accounting and business practices as well as corporate governance will be outlined. Subsequently, in the second part, important parties having been involved will be shown; notably the role of the auditing company Arthur Andersen and their conduct will be analyzed. In a final step, aftermaths for Enron, Arthur Andersen and further involved actors will be outlined. A special focus will be on consequences for the accounting world and how regulations have been changed in order to prevent future accounting violations.
Table of contents
1. Introduction
2. The Enron scandal
2.1 Business and accounting practices
2.2 Corporate governance
2.3 Involved parties
2.4 The downfall of Enron
3. Arthur Andersen as auditor
4. Prevention of the scandal
5. Consequences
5.1 Enron and Andersen
5.2 Sarbanes-Oxley Act
6. Conclusion
7. References
- Arbeit zitieren
- Milena Luke (Autor:in), 2016, The Enron Scandal. Main Reasons for the Downfall of the Company, München, GRIN Verlag, https://www.grin.com/document/445639
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Laden Sie Ihre eigenen Arbeiten hoch! Geld verdienen und iPhone X gewinnen. -
Laden Sie Ihre eigenen Arbeiten hoch! Geld verdienen und iPhone X gewinnen. -
Laden Sie Ihre eigenen Arbeiten hoch! Geld verdienen und iPhone X gewinnen. -
Laden Sie Ihre eigenen Arbeiten hoch! Geld verdienen und iPhone X gewinnen.