Enron Corporation Article Example | Topics and Well Written Essays - 500 words

Enron Corporation - Article ExampleThis proved to be a blatant intrusion of the accounting rules and eventually led to the mess that resulted in the bankruptcy of Enron and criminal prosecution of several Enron employees. Secondly, Mr. Kenneth get down held a great deal of tariff because he spearheaded the overstatement of Enrons income for four years prior to the bankruptcy. This in effect and efficiently led to his conviction for securities fraud, wire fraud and making false and misleading statements. Thirdly, Mr. David Duncan held some of the responsibility because he was aware that there were violations with regards to the rules of bookkeeping and was bounded by the ethics of his profession to report such(prenominal) violations. By not doing this, he was responsible to some degree for the final collapse of Enron. Fourthly, the accounting warm of Arthur Andersen held the responsibility because they were hired as auditors to ensure that the accounting rules were being followed. At any point during the audit, they could seduce reported the misdoings of the Enron officials. Finally, the stock analysts held some blame because they continued to recommend Enron stocks even after the value of shares in the Enron Corporation fall drastically in late 2001.2.