... compensation. As part of the capitalization of an entity designed to hedge an investment Enron held in a bankrupt broadband company, a $1.2 billion entry was made to Enron's books to increase notes receivable and shareholder's equity. When these hedging arrangements were terminated to avoid having to issue more than 58 million shares of its" own stock, Enron recorded a loss on ... 30, 2002. Highlights of the Sarbanes-Oxley act are: Section 100 - Requires the establishment of a five member Public Accounting Oversight Board who will oversee registration of audit firms for publicly traded c...

• Word Count: 2557
• Approx Pages: 10
• Grade Level: Undergraduate