"1 what were the business risks enron faced and how did those risks increase the likelihood of material misstatements in enron s financial statements" Essays and Research Papers

Sort By:
Satisfactory Essays
Good Essays
Better Essays
Powerful Essays
Best Essays
Page 7 of 50 - About 500 Essays
  • Better Essays

    Ethics and Enron

    • 2078 Words
    • 9 Pages

    Question 1: How did the Corporate Culture at Enron contribute to its bankruptcy? The corporate Culture at Enron could have contributed to its bankruptcy in many ways. Its corporate culture supported unethical behavior without question for as long as the behavior resulted in monetary gain for the company. It was describe as having a culture of arrogance that led people to believe that they could handle increasingly greater risk without encountering any danger. Its culture did little to promote

    Premium Enron

    • 2078 Words
    • 9 Pages
    Better Essays
  • Good Essays

    Enron and WorldCom

    • 853 Words
    • 3 Pages

    Enron and WorldCom FIN/486 December 22‚ 2014 Enron and WorldCom In 1998‚ Waste Management executives acknowledged earnings misstatements of approximately $1.7 billion. With the help of the Arthur Anderson accounting firm‚ Waste Management shareholders lost more than $6 billion dollars (CNN‚ 2001). The Waste Management corruption ushered in a series of corporate scandals into the new millennium. Enron and WorldCom were only two of many ethical and accounting violations that prompted new legislation

    Premium Enron Enron scandal

    • 853 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    The Fall of Enron

    • 508 Words
    • 2 Pages

    1 Why did the external auditors and the board fail to detect the company’s true economic condition? For external auditors‚ the failures could be largely attributed to the lack of independence between external auditors and Enron and the existence of conflicts of interest. From 1993‚ Enron started to outsource its internal audit functions to Anderson. Besides‚ conflicts of interest gets aggravated when the cross-selling of consulting services by auditors increases a lot. And consulting fees to auditors

    Premium Auditing Risk Corporate governance

    • 508 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Enron Case

    • 2180 Words
    • 9 Pages

    Part B: What role did the CFO play in creating the problems that led to Enron’s financial problems? In order to prevent the losses from appearing on its financial statementsEnron used questionable accounting practices. To misrepresent its true financial condition‚ Andrew Fastow‚ the Enron’s CFO‚ takes his role involving unconsolidated partnerships and “special purpose entities”‚ which would later become known as the LJM partnership. Taking advantage from the SPEs’s main purpose‚ which provided

    Premium Enron

    • 2180 Words
    • 9 Pages
    Better Essays
  • Better Essays

    Enron Eassy

    • 1641 Words
    • 7 Pages

    Enron: Leadership without Ethics and Practical Execution Enron‚ once one of the largest energy public companies globally‚ achieved a $65 billion asset volume but only took 24 days to go bankrupt. Initially‚ its main service is extracting natural gas and manufacturing energy-using products‚ but the excessively aggressive and benefit-oriented type of operation makes the company create lots of so-called "innovative" investment department and financial products. All these activities played as the

    Premium Enron

    • 1641 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    The Enron Scandal

    • 2112 Words
    • 9 Pages

    it will show how Enron was involved in improper accounting practices that led to over $70 billion of losses and also Enron’s method that was used to able them in covering their losses. Enron’s fall and bankruptcy had affected not only the employees‚ but also the shareholders‚ U.S Citizens and also the impact that it had on other countries that Enron was affiliated with. The focus of this paper is on the creation of Enron’s business model that resulted in the fall of Enron. Also‚ how the SPEs and

    Premium Enron Enron scandal

    • 2112 Words
    • 9 Pages
    Powerful Essays
  • Better Essays

    Enron Scandal

    • 1773 Words
    • 8 Pages

    The Enron Scandal One of the most popular business bankruptcies and collapses known to date is that of the Enron Corporation. Enron‚ once known as "America ’s Most Innovative Company" by Fortune Magazine six straight years from 1996 to 2001. Enron seemed to be doing very well until the summer of 2001 generating a lot of cash and new businesses‚ but in October of 2001 Enron was forced to disclose that their accounting practices had been very creative‚ and failed to follow generally accepted accounting

    Premium Enron scandal Enron Arthur Andersen

    • 1773 Words
    • 8 Pages
    Better Essays
  • Powerful Essays

    Enron Paper

    • 1612 Words
    • 7 Pages

    very rotten in the state of Enron.” This quote by Michigan Senator Carl Levin is a twist of words from a famous playwright‚ Shakespeare’s Hamlet; “Something was very rotten in the state of Denmark.” From the play‚ this was recited because there was a lot of corruption in Denmark from the betrayal in royalty. In comparison to Levin’s quote‚ there was betrayal of Enron leaders to their employees‚ as well as the company itself. Between the years of 1979 and 2001‚ Enron was known for the largest market

    Premium Enron

    • 1612 Words
    • 7 Pages
    Powerful Essays
  • Best Essays

    Enron Case

    • 2928 Words
    • 12 Pages

    bitterness. Business scandals that happened seemed eliminate confidence by the business world about the practice of good corporate governance in the United States. Enron was a company that was ranked as seventh out of the five hundred leading companies in the United States and is the largest U.S. energy company that went bankrupt leaving debts amounting to nearly U.S. $ 31.2 billion. In instance with the case of Enron known occurrence of moral threat behavior such as manipulation of financial statements

    Premium Enron Enron scandal

    • 2928 Words
    • 12 Pages
    Best Essays
  • Powerful Essays

    The Downfall of Enron

    • 1155 Words
    • 3 Pages

    The Downfall of Enron Valerie Glushkov Enron Company was once one of the biggest energy company in the U.S. Fortune magazine ranked Enron as #7 in April 2001 in Fortunes ranking by market capitalization of the five hundred largest corporations in the United States. On December 2‚ 2001‚ Enron filed for Chapter 11 bankruptcy. The unexpected and rapid collapse in the market value of this corporate giant has had immense consequences for nearly all of its stakeholders

    Premium Enron

    • 1155 Words
    • 3 Pages
    Powerful Essays
Page 1 4 5 6 7 8 9 10 11 50