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 ... 's financial statements due to this conflict of interest (Buckstein). Enron was AA's second largest client, paying them a little over $50 million in 2000 for both auditing and consulting services (B...
- Word Count: 3410
- Approx Pages: 14
- Has Bibliography
- Grade Level: Graduate