Questionable Accounting Practices Bring New Regulation to the United States, business and finance assignment help

The correct way to reference the text in the “Reference” section of each unit’s work is as


Ferrell, O., Hirt, G., & Ferrell, L. (2009). Business in a Changing World. (7th ed.) pg. XX.

New York, NY: McGraw-Hill Irwin.

Post a minimum of 750 words

Enron: Questionable Accounting Practices Bring New Regulation to the United States

Case Summary

1. In a narrative format discuss the key facts and critical
issues presented in the case.

2. Why do you think
companies such as Enron use complex accounting schemes and loopholes in
regulation to seemingly boost the company’s revenue.

3. Do you think that Sarbanes-Oxley Act of 2002 was the right
reaction to the accounting scandals associated with Enron and Worldcom and in
light of 2008-2009 accounting scandals, has it been effective in preventing
accounting misconduct?

4. If you were the CEO of a
Fortune 500 company, how would you ensure that your accounting system is in
compliance with regulations and best practices within the industry?

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