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 ... did mandate that they now have to be fully disclosed in the financial statements (Jickling). Besides disclosure of stock options and mandating a code of ethics, the Sarbanes Oxley Act more importa...
- Word Count: 3410
- Approx Pages: 14
- Has Bibliography
- Grade Level: Graduate