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 ... it seem like the company was perfectly healthy caring low debt and making high profits. The next fault leading to the collapse was the huge conflict of interest between Arthur Anderson and Enron. Arthur Anderson...
- Word Count: 3410
- Approx Pages: 14
- Has Bibliography
- Grade Level: Graduate