1. Enron and the Sarbanes Oxley Act
... of the largest in history today (Jickling). In December of 2001, Enron filed bankruptcy with $62 billion in assets; just one month after their auditor gave the company a clean report (meaning their financial statements looked good) (Buckstein). The company seemed like a healthy giant, but behind the curtains, Enron's' executives, filled with bad business ethics and greed were manipulating the company ... 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 ...
- Word Count: 3410
- Approx Pages: 14
- Has Bibliography
- Grade Level: Graduate