ENRON Paper.docx - Austin Lybbert Accounting 2600 Enron Scandal Assignment Enron Enron formed by the merging of two companies Houston Natural Gas and

ENRON Paper.docx - Austin Lybbert Accounting 2600 Enron...

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Austin Lybbert Accounting 2600 April 14, 2014 Enron Scandal Assignment Enron Enron, formed by the merging of two companies, Houston Natural Gas and Internorth, was an American energy company that was founded by Kenneth Lay. Throughout the company’s life, it grew to be a huge company that provided people around the world with electricity, natural gas, and communications. However, in the late 1990s and early 2000s, the company started making its way to bankruptcy. After doing some research on the scandal of Enron, I quickly learned that this was one of the largest and most complicated cases of white-collar fraud that the world had seen. Throughout this paper I will discuss the different aspects of fraud and things that led to fraud in the Enron case including: the deregulation of Enron, the mark-to-market accounting method, the misrepresentation of Enron’s financials, and the energy crisis that caused by Enron. First, deregulation. When the government regulates a company, they have a lot more say in how things should be done and can regulate the company’s activities and behaviors.
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  • Fall '14
  • Steven
  • Accounting, scandal of Enron

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