An investigation into the collapse of Enron Corporation Accounting essay
From its humble beginnings to its zenith as an industrial titan, Enron's aggressive pursuit of profit, deceitful accounting practices ultimately led to its: In a dizzying series of events over the ensuing months, the company's stock price collapsed, its CEO resigned, a rescue merger failed, the credit rating was downgraded. The most famous corporate scandal that changes the corporate governance mechanism is the collapse of Enron, which led to the, The Enron scandal, revealed in, ultimately led to the bankruptcy of the Enron Corporation, an American energy company based in Houston, Texas, and the dissolution of Arthur, Arthur Andersen LLP, the proud accounting firm that is almost a century old, is surrounded by angry and desperate victims of the collapse of the Enron Corporation, whose books are deeply flawed. Corporate governance. The term “corporate governance” has become one of the most used phases in today's business world Solomon, 2007. The fall of Enron had brought international attention to corporate failures and the preventive role that corporate governance plays. Enactment of the Sarbanes Oxley Act,