The Enron Scandal

Enron scandal Enron was founded in 1930 as Northern Gas Company and has partnered with three other companies to develop the industry. By public offering of shares, the four companies began to collapse between 1941 and 1947. In 1979, when Northern Gas was acquired by InterNorth, it was placed under new control. In 1985, CEO of Houston Gas Company, Kennethley acquired the Houston Gas Company of Inter North. Lay was appointed CEO of the new company and changed the name of InterNorth to Enron.

Case 1: Fraud has become a threat to businesses since the start of business. Enron scandal is one of the big threats to the business world. It can be said that the Enron scandal helped the birth of contemporary forensic accounting. In the Enron case, the ability of the forensic accountant has been tested and is still being used as a model for studies of national forensic accounting students. As a result of Enron, hundreds of other companies received similar audits. In addition to helping to expose other companies to similar fraud accounting practices, we also create a series of annual audit systems to ensure shareholder safety. Therefore, it also expands the field of accountant's work specializing in forensic accounting.

Introduction In this paper, we will consider accounting scandal, especially Enron accounting scandal. First, I will explore the history of Enron. Let's explore the implications of derivatives after deeply exploring the accounting issues confronting Enron. Finally, after discussing the conclusion, I think it is important to consider different types of accounting fraud. The accounting scandal was caused by collective greed and corporate arrogance. In the problem of accounting education. Toy Center audit and business risk assessment, May 23, 2008, No. 2, pages 299 - 307 Christine E. Earley and Fred Phillips, senior management of professional services companies, assigned to audit the personal financial statements It is done. The company is called Toy Central Corporation (TCC). In addition, partners also ask you to identify business risks that could adversely affect TCC's ongoing profitability.

Enron scandal, a series of events, resulted in the bankruptcy of Enron, a US energy, commodity and service company, and the dissolution of Arthur Anderson law firm, one of the world's largest auditing and accounting firms. The collapse of Enron over $ 60 billion in assets involves one of the largest bankruptcy filings in the history of the United States and creates many controversies and legislation aimed at improving accounting standards and practices, and the impact of the sustainable financial world It was.