Enron, a U.S. energy company, faced one of the most infamous corporate scandals due to systematic accounting fraud and bankruptcy in 2001.
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.
A deep dive into Special-Purpose Entities (SPEs), their structure, purpose, types, historical context, relevance, and associated risks.
Discover the story behind the Enron scandal, including what happened and who was responsible for one of the largest accounting frauds in history.
