Accounting Scandal

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August 31, 2024 5 min read Definitions

Enron Scandal: A Complex Case of Fraudulent Accounting

Economics Finance Business History Enron Accounting Scandal Fraud Sarbanes-Oxley Act Corporate Governance

The Enron Scandal was a notorious accounting scandal that led to the collapse of Enron, the seventh-largest company in the USA, due to fraudulent accounting practices and audit failures. It had far-reaching implications, including the enactment of the Sarbanes-Oxley Act of 2002.

August 31, 2024 4 min read Definitions

Freddie Mac Scandal: An Accounting Scandal

Finance Economics Freddie Mac Accounting Scandal Financial Misconduct Federal Home Loan Mortgage Corporation 2003 Scandals

An in-depth look into the Freddie Mac accounting scandal of 2003, where fraudulent misstatements of earnings led to significant financial and legal repercussions.