1. Enron and the Sarbanes Oxley Act
... $538 million (90%) and failed to recognize some $628 billion in liabilities (Buckstein). By time the executives got caught, the debt had caused the company to file bankruptcy, and thousands of Enron employees lost their jobs and all of their retirement savings (Jickling). Arthur Anderson, Enron's certified accountant, and one of the top accounting firms in the nation was also charged with obstruction of justice (giving a clean opinion ... of interest (Jickling). Enron created Special Purpose Entities (SPE's), otherwise known as off-book partnerships, and the executives used these partne...
- Word Count: 3410
- Approx Pages: 14
- Has Bibliography
- Grade Level: Graduate