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The Enron Scandal. Main Reasons for the Downfall of the Company

The Enron Scandal. Main Reasons for the Downfall of the Company

Paperback

Management

ISBN10: 3668840423
ISBN13: 9783668840423
Publisher: Grin Verlag
Published: Dec 6 2018
Pages: 20
Weight: 0.09
Height: 0.05 Width: 5.83 Depth: 8.27
Language: English
Essay from the year 2016 in the subject Business economics - Business Management, Corporate Governance, grade: 1,3, Rhine-Waal University of Applied Sciences, course: Auditing / Wirtschaftsprüfung, language: English, abstract: 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.

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