1. Enron and the Sarbanes Oxley Act
... 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 loans in the SPE's name to purchase assets and conduct business without ever reporting the liability of debt on their balance sheet (Buckstein ... accuracy of the financial statements, and personally liable if they are found to be falsified (Maleske). Although so much positive change has occurred since the fall of Enron and the implementation of SOX, I can't disregard those who feel the costs of the act outweigh the benefits (Cernusca). Fo...
- Word Count: 3410
- Approx Pages: 14
- Has Bibliography
- Grade Level: Graduate