Search results
Enron scandal, series of events that resulted in the bankruptcy of the U.S. energy, commodities, and services company Enron Corporation in 2001 and the dissolution of Arthur Andersen LLP, which had been one of the largest auditing and accounting companies in the world.
Mar 1, 2024 · Enron was an energy company that engaged in massive accounting fraud and collapsed in 2001. Learn about its rise and fall, the key players, the causes and consequences of the scandal, and the reforms that followed.
Jun 3, 2024 · Learn how Enron used mark-to-market accounting, special-purpose vehicles, and lack of oversight to hide its losses and inflate its profits. Find out how the company collapsed, who was involved, and what were the consequences.
The Enron scandal was an accounting scandal involving Enron Corporation, an American energy company based in Houston, Texas.
Aug 3, 2021 · In June 2020, it admitted €1.9bn (£1.6bn) of cash on its books "probably did not exist". Its CEO Markus Braun was arrested on suspicion of accounting fraud and market manipulation. He has ...
Dec 2, 2021 · While lack of trust in the market is a direct consequence of Enron’s mega fraud, the indirect consequences of government actions also seem to have hurt Main Street USA.
Enron scandal - Accounting Fraud, Corporate Greed, Bankruptcy: Enron executives practiced mark-to-market accounting and special purpose entities (SPEs). Sherron Watkins warned of possible accounting scandals.
