1. Enron and the Sarbanes Oxley Act
... 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 to falsified financial statements), and ceased to exist after the collapse (Jickling). The collapse of Enron raised several questions about corporate governance and caused the publi...
- Word Count: 3410
- Approx Pages: 14
- Has Bibliography
- Grade Level: Graduate