Related Papers
The Enron Scandal a Decade Later: Lessons Learned?
Alexandre Di Miceli da Silveira
The year 2011 has marked a decade since the Enron collapse, considered the most emblematic corporate scandal worldwide. Despite its importance, few studies provide an integrated analysis of the underlying failures that allowed Enron’s debacle, going beyond the traditional view that reduces the case to a mere "accounting fraud". Few studies also evaluate the main lessons from the Enron scandal in perspective, by comparing its common causes with corporate scandals that emerged during the global financial crisis in 2007-2008. These are the gaps I aim to fill. I conclude that Enron’s accounting manipulations, rather than being the cause of the problems, were the consequence of managerial failures and wishful blindness by its stakeholders. I also show that some lessons from Enron have not been fully internalized by companies worldwide, since most of its underlying causes are similar to those of several corporate scandals that emerged a couple of years later.
ENRON AND ARTHUR ANDERSEN: THE CASE OF THE CROOKED E AND THE FALLEN A
Elvan Lex
The Case Analysis of the Scandal of Enron
Ayax Christopher
The Enron scandal, revealed in October 2001, eventually led to the bankruptcy of the Enron Corporation, an American energy company based in Houston, Texas, and the dissolution of Arthur Andersen, which was one of the five largest audit and accountancy partnerships in the world. In addition to being the largest bankruptcy reorganization in American history at that time, Enron undoubtedly is the biggest audit failure. It is ever the most famous company in the world, but it also is one of companies which fell down too fast. In this paper, it analysis the reason for this event in detail including the management, conflict of interest and accounting fraud. Meanwhile, it makes analysis the moral responsibility From Individuals' Angle and Corporation's Angle.
OALib
The Crisis of the Ethics of Audit Profession: Collapse of Enron Company and the Lessons Learned
2016 •
hasen albeksh
Corporate Governance: The international journal of business in society
Unlearned lessons from the past: an insider's view of Enron's downfall
2009 •
Charles Vance
Enron-The Signs of Irregularities.pdf
ahmed mouneimneh
Corporate Ownership and Control
Factors Causing Enron’s Collapse: An Investigation Into Corporate Governance and Company Culture
2011 •
Nguyễn Hữu Cường
This paper investigates and evaluates the weaknesses of Enron’s corporate governance structures, weaknesses that lead to the collapse of the company. Overall, poor corporate governance and a dishonest culture that nurtured serious conflicts of interests and unethical behaviour in Enron are identified as significant findings in this paper. Employing the case study method, the paper synthesizes, analyses, and interprets all aspects of corporate governance that lead to Enron’s collapse based on three main reports: The Powers Report (Powers, Troubh and Winokur 2002), the Testimony of Chief Investigation (Roach 2002), and The Subcommittee’s Report (United States Senate’s Permanent Subcommittee on Investigations 2002). Firstly, Enron’s Board of Directors failed to fulfil its fiduciary duties towards the corporation’s shareholders. Secondly, the top executives of Enron were greedy and acted in their own self-interest. Thirdly, many of Enron’s employees witnessed the wrongdoings of Enron’s ...
Almost a decade later : Have we learned lessons from inside the crooked E , Enron ?
2010 •
Shannon A Bowen
Almost a decade after the collapse of Enron, it is time to ask what lessons have been learned from the unethical conduct of the organisation. Enron was the seventh largest corporation in the United States, with a Code of Ethics published in book form (Enron 2000) and distributed to all employees. With Enron’s collapse, unethical and illegal behaviour at the highest levels of the corporation emerged. In the years since Enron’s demise, public trust in business has continued to decline (Edelman 2009). What can we learn from the events inside Enron to halt the decline of public trust in business? This paper analyses Enron’s 64page Code of Ethics and compares that document against the company’s operation and unethical behaviour. This study seeks to discover why the Code of Ethics failed by looking closely at the organisational culture inside Enron, extending the research of other scholars on this topic (Sims and Brinkman 2003) and updating it with historical context. Rather than being se...
Corporate Governance: An International Review
Accounting for Enron: shareholder value and stakeholder interests
2005 •
Thomas Clarke
