business in the changing world
Enron: Questionable Accounting Practices Bring New Regulation to the United States
Case Summary
1.) In a narrative format discuss the key facts and critical issues presented in the case. (250 Words)
Case Analysis
2.) Why do you think companies such as Enron use complex accounting schemes and loopholes in regulation to seemingly boost the company’s revenue. (250 words)
3.) Do you think that Sarbanes-Oxley Act of 2002 was the right reaction to the accounting scandals associated with Enron and Worldcom and in light of 2008-2009 accounting scandals, has it been effective in preventing accounting misconduct? (250 Words)
Application
4.) If you were the CEO of a Fortune 500 company, how would you ensure that your accounting system is in compliance with regulations and best practices within the industry? (250 words)
APA Format and in text-citation and can put the question in from of your answer onto one word document.
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Introduction
Enron Corporation was founded in 1985 as a result of the amalgamation of interNorth and Houston Natural Gas. It majored in the production of energy through electrical energy and natural gas. At the time of its formation, the corporation had close to twenty thousand employees. During this year and later years, Enron was considered a top notch production firm, especially where electricity was concerned…..
APA
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