1. Enron and the Sarbanes Oxley Act
... The collapse of Enron was undoubtedly due to a mix of bad corporate ethics, lack of corporate governance, manipulated accounting guidelines, and most importantly a large conflict of interest (Jickling). Enron created Special Purpose Entities (SPE's), otherwise known as off-book partnerships, and the executives used these partnerships to hide their large amounts of debt as well as record profits by taking out large ... never included in their financial statements. The company would also sell their bad (not profiting or old) assets to the SPE's to get them off their balance sheet and recor...
- Word Count: 3410
- Approx Pages: 14
- Has Bibliography
- Grade Level: Graduate