1. Enron and the Sarbanes Oxley Act
... most importantly a large conflict of interest (Jickling). Enron created Special Purpose Entities (SPE's), otherwise known 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 ... without ever reporting the liability of debt on their balance sheet (Buckstein). Investigations found that Enron had around 3,000 different SPE's that they used and were never included in their financial statements. The company would also sell their bad (not profiting or o...
- Word Count: 3410
- Approx Pages: 14
- Has Bibliography
- Grade Level: Graduate