Enron Scandal Research Papers Samples For Students

Introduction

Enron scandal which took place in 2001 had become known all over the world for its unprecedented span. In accordance with BBC (2002) top management of the company was incriminated in concealment of the actual financial situation, namely: providing its stakeholders with irrelevant information about profits and debts of the company.
The current paper is to investigate causes and consequences of Enron scandal and discuss the Sarbanes Oxley Act of 2002 (SOX) points with respect to this case.

1. Brief Outline of Enron Crisis

Enron scandal had far-reaching financial and political implications which influenced economical and political life of the United States and the ...

Abstract

This report analyzes the case of Enron and its failure. The practices adopted by the management have been analyzed and criticized in order to identify the main cause behind the whole issue. Along with this, the report also suggests different solutions and recommendations for the management in order to minimize or stop the risk of such issues in the future. The report has also highlighted the importance of Information System in this case. Moreover, the report presents suggestions regarding how the implementation of Information System can help the management to avoid such issues.

Organizational analysis: Enron

Enron scandal is one of the ...

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Enron was believed to be one of the leading, innovative corporations of the world. The company that received the “America’s Most Innovative Company” award for six years in a row by Fortune magazine saw a sudden fall in 2001 and shocked the entire industry. The fall of the giant corporation did not only affect the industry but also shattered the dreams of the employees and stockholders of the company who had been bedazzled by the great profits.
The factors behind the fall of this huge corporations were never identified before ...

Introduction

White collar crimes are the crimes are nonviolent financially motivated crimes. Typical white collar crimes are fraud, bribery, industrial espionage, etc. In October 2001 the Enron company was involved into the ethnical and criminal scandal. The company’s CEO and CFO developed schemes of hiding billions of dollars from stakeholders, as well as from the tax department. This paper is devoted to one of the most famous white collar crimes in the world. The first part of the paper will contain the brief overview of the scandal. In the second part of the research paper, I will analyze the ...

Business Law: ENRON SCANDAL

Introduction
The scandal that is Enron stands out among other corporate scandals such as WorldComm, Global Crossing. At Enron, the situation is illustrated of how the free enterprise system in the United States of America and the unregulated trust vested on auditors can be abused by a group of selfish and individualistic capitalists determined to make good of a bad situation. The case also illustratively points out the effects of corporate pressure from the shareholders on the management and the weaknesses of the stewardship concept of management of shareholders wealth. Enron puts a clear case of the need to have strong ethical ...

Accounting profession requires a lot of skills and ethical knowledge. This is because there are numerous temptations that accountants face such as pressures to satisfy investors or to maintain an upward revenue growth. As such, ethics are essential since accountants who maintain ethical behaviours are able to develop inner strength. This helps them to make ethical decisions which will ensure that a firm prospers in the long run. A professional accountant is expected to possess various principles. These principles include objectivity, integrity, professional behaviour, confidentiality, and professional competence. This paper discusses whether the current business and regulatory environment is conducive for ...

The complete lack of ethical leadership displayed in the Enron scandal has hardly been unique over the last decade, but rather seems to be one of many examples of massive corporate fraud, corruption and lack of social responsibility to employees, consumers, shareholders and the general public. Fraud and corruption on Wall Street and the mortgage industry resulted in the worst financial meltdown in history, and WorldCom under the leadership of Bernie Ebbers collapsed in one of the worst corporate frauds in history. Over the last decade, public confidence in corporate leadership and the economic system in general has been ...