Arthur Andersen
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Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. It was founded by Kenneth Lay in 1985 as a merger between Lay's Houston Natural Gas and InterNorth, both relatively small regional companies.
Mar 1, 2024 · Enron was an energy-trading and utility company that collapsed in 2001 after a massive accounting fraud. Learn about Enron's rise and fall, the key players involved, and the impact of the scandal on the financial industry.
Enron scandal, series of events that resulted in the bankruptcy of the U.S. energy, commodities, and services company Enron Corporation in 2001 and the dissolution of Arthur Andersen LLP, which had been one of the largest auditing and accounting companies in the world.
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Enron's $63.4 billion in assets made it the largest corporate bankruptcy in U.S. history until the WorldCom scandal the following year. Many executives at Enron were indicted for a variety of charges and some were later sentenced to prison, including former CEO Jeffrey Skilling.
Apr 9, 2024 · Learn how Enron, a former energy giant, collapsed in 2001 due to accounting fraud, debt hiding, and market exposure. Find out the key players, schemes, and consequences of the Enron scandal.
- Troy Segal
- 2 min
Aug 3, 2021 · The collapse of Enron and the dark side of business. 3 August 2021. By Lesley Curwen,Presenter, BBC Radio 4. Getty Images. Washington DC, 2002: Sherron Watkins recounting to Senators how she...
Aug 3, 2021 · A report on the accounting scandal that brought down Enron, the seventh largest US company, and its impact on corporate governance and auditing. It also examines other cases of fraud, such as Wirecard, and the challenges of regulating the sector.
