The Proper Way: Enron Accounting
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In this article, the writer points out that Enron and its legacy in the United States are well-known. The writer discusses that Enron and Arthur Anderson directly led to Sarbanes-Oxley (SOX), and specifically, to Section 302 of the SOX act, on corporate governance and how the success or failure of this particular section affects the corporate officer fiduciary behavior vis-a-vis the securities markets in the United States.
From the Paper:"Enron utilized special purpose entities to which it allocated real debt so that it could keep that debt off its financial reports to the SEC and investors. While Enron hid debt ..."
Cite this Analytical Essay:
The Proper Way: Enron Accounting (2006, December 01) Retrieved February 07, 2023, from https://www.academon.com/analytical-essay/the-proper-way-enron-accounting-130882/
"The Proper Way: Enron Accounting" 01 December 2006. Web. 07 February. 2023. <https://www.academon.com/analytical-essay/the-proper-way-enron-accounting-130882/>