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  2. Enron scandal - Wikipedia

    en.wikipedia.org/wiki/Enron_scandal

    An Enron manual of ethics from July 2000, about a year before the company collapsed. Enron's complex financial statements were confusing to shareholders and analysts. [1]: 6 [10] When speculative business ventures proved disastrous, it used unethical practices to use accounting limitations to misrepresent earnings and modify the balance sheet to indicate favorable performance.

  3. Accounting scandals - Wikipedia

    en.wikipedia.org/wiki/Accounting_scandals

    The Enron scandal was defined as being one of the biggest audit failures of all time. The scandal included utilizing loopholes that were found within the GAAP (General Accepted Accounting Principles). For auditing a large-sized company such as Enron, the auditors were criticized for having brief meetings a few times a year that covered large ...

  4. Mark-to-market accounting - Wikipedia

    en.wikipedia.org/wiki/Mark-to-market_accounting

    The most infamous use of mark-to-market in this way was the Enron scandal. After the Enron scandal, changes were made to the mark to market method by the Sarbanes–Oxley Act in the US during 2002. The Act affected mark to market by forcing companies to implement stricter accounting standards.

  5. Billboards and ads claiming infamously bankrupt Enron ... - AOL

    www.aol.com/news/billboards-ads-claiming...

    Enron was a major electricity, natural gas, communications and paper company, which was named by Fortune as “America’s Most Innovative Company” for six years in a row and employed around ...

  6. Tone at the top - Wikipedia

    en.wikipedia.org/wiki/Tone_at_the_top

    The Enron scandal, revealed in October 2001, eventually led to the bankruptcy of the Enron Corporation, an American energy company based in Houston, Texas, and the de facto dissolution of Arthur Andersen, its audit firm. Enron is considered to be the largest bankruptcy reorganization in U.S. history, as well as the biggest audit failure. [13]

  7. Arthur Andersen - Wikipedia

    en.wikipedia.org/wiki/Arthur_Andersen

    Arthur Andersen LLP was an American accounting firm based in Chicago that provided auditing, tax advising, consulting and other professional services to large corporations. By 2001, it had become one of the world's largest multinational corporations and was one of the "Big Five" accounting firms (along with Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers).

  8. Accounting ethics - Wikipedia

    en.wikipedia.org/wiki/Accounting_ethics

    Accounting ethics is primarily a field of applied ethics and is part of business ethics and human ethics, the study of moral values and judgments as they apply to accountancy. It is an example of professional ethics. Accounting was introduced by Luca Pacioli, and later expanded by government groups, professional organizations, and independent ...

  9. Is Enron back? If it's a joke, some former employees aren't ...

    www.aol.com/enron-back-joke-former-employees...

    An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went bankrupt in 2001.