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May 7, 2024 · The Enron scandal was a 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.
Feb 3, 2003 · Enron used questionable accounting to disguise its cash flow and debt levels, according to a report by court-appointed investigator Neal Batson. Here are Enron's reported and actual financials...
Dec 7, 2016 · Enron’s auditors provided their blessing on deals that were clearly designed for Enron’s accounting benefits, not for their economic benefits. In some cases, Enron even garnered fairness opinions on specific transactions from supposedly independent third parties, like PWC.
Jun 11, 2024 · The Enron scandal led to a cascade of legal actions, targeting both the company and its executives. Key figures, including Kenneth Lay, Jeffrey Skilling (Enron’s COO and later CEO), and Andrew Fastow (CFO), faced criminal charges for their roles in the fraud.
Mar 1, 2024 · Enron was a U.S. energy company that perpetrated one of the biggest accounting frauds in history. Read about Enron’s CEO and the company’s demise.
Jun 1, 2002 · Enron's accounting for its non-consolidated special-purpose entities (SPEs), sales of its own stock and other assets to the SPEs, and mark-ups of investments to fair value substantially...
Aug 3, 2021 · Accountancy firm Arthur Andersen saw its reputation destroyed by the Enron scandal. In the UK, there was little or no reform in response to Enron. And according to Labour peer Prem Sikka,...
