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Unformatted text preview: and finances with their shareholders and analysts. I think that if Enron had developed any principles of Internal Control over their financial reporting, then they were not monitored very effectively, if at all after a given amount of time. The internal control that they failed on was to keep the accounting records correct and current. The accountants should have recognized what was going on and reported what was happening and may have known but told to hush up. In the end the company lost $63.4 billion in Assets including: gas pipelines and an assortment of different plants. This was the biggest bankruptcy in American history up until WorldCom went bankrupt the following year. Bibliography 1. 31, December. "Enron Scandal." Wikipedia, the Free Encyclopedia . Web. 29 Apr. 2011. <http://en.wikipedia.org/wiki/Enron_scandal>....
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- Spring '07
- Enron scandal, Paper Enron Scandal