The Enron Scandal

Paper Summary:

This paper discusses the economy of the accounting industry, the environment in which the Enron fraud occurred and the outcomes of the related lawsuits. The paper presents a SWOT analysis of the company and explores the company's market cap before and after the fraud. The paper concludes that the Enron accounting scandal may be credited with at least setting the stage for accounting reform in the United States.

Outline:
Introduction
The Economy of the Accounting Industry
The Environment of the Fraud
SWOT Analysis
Conclusion

From the Paper:

"In the past decade several accounting scandals have emerged; however, the most notable accounting scandal involved the global business giant Enron, an American energy company based in Houston Texas. The Enron scandal encompassed a myriad of complex transactions involving mysterious partnerships that allowed Enron to book huge corporate profits and payments to insiders, while simultaneously ignoring any associated financial liabilities. In just 15 years, Enron grew from nowhere to be America's seventh largest company, employing 21,000 staff in more than 40 countries (BBC News, 2002). The firm's success turned out to have involved an elaborate scam."

Sample of Sources Used:

• AICPA. (2005). Summary of Sarbanes-Oxley Act of 2002. Retrieved November 19, 2006 from HTTP://WWW/AICPA.ORG/INFO/SARBANES_OXLEY_SUMMARY.HTM.
• BBC News. (2002). Enron Scandal-at-a-glance. BBC News; Retrieved November 18, 2006 from http://new.bbc.co.uk/1/hi/business/1780075.stm.
• Levinson, A. (2002). Subjective Accounting or Fraud. Strategic Finance, Retrieved September 30, 2005, from ABI/Inform database (112533879).
• Online News Hour. (2002). The Rise and Fall of Enron. Retrieved November 19, 2006 from http://www.pbs.org/newshour/bb/infrastructure/power/enron_time.html
• Orange County Publications. (2002). Enron Scandal gets Worse. Retrieved November 19, 2006 from http://archive.recordonline.com/archive/2002/01/13/13edita.htm

More papers on The Enron Scandal:

• Essay # 67797 : "The Enron Scandal"
• Analytical Essay # 71712 : "The Enron Scandal"
• Analytical Essay # 123234 : "The Enron Scandal and Lack of Morals"
• Essay # 63043 : "The Enron Scandal"

APA Citation:

MLA Citation: