Essays on Enron Scandal

Accounting practitioners, auditing regulators, and auditing professionals agree that auditor independence is crucial for enhancing auditor credibility. Independence forms an undergirding principle in the auditing profession that in turn, leads to high-quality audits (Tepalagul, and Ling 102). The second general standard of GAAS states that...

Introduction and Situational Analysis The lessons from the collapse of Enron on ethical standards will never fade. In its prime, the company stock was selling at $90, and it had assets worth sixty-five billion, a growth that had taken almost sixteen years. However, in just...

Introduction: Enron was formed from a merger of two companies Houston Natural Gas Company and InterNorth Incorporated in 1985 (Segal, 2019). It has been named “America’s Most Innovative Company” by Fortune for six consecutive years between 1996 and 2001. In 1992, Jeffery Skilling got SEC’s...