Arthur Anderson, Enron's certified accountant, and one of the top accounting firms in the nation was also charged with obstruction of justice (giving a clean opinion to falsified financial statements), and ceased to exist after the collapse (Jickling). ... Enron created Special Purpose Entities (SPE's), otherwise known as off-book partnerships, and the executives used these partnerships to hide their large amounts of debt as well as record profits by taking out large loans in the SPE's name to purchase assets and conduct business without ever reporting the liability of debt on ...

• Word Count: 3410
• Approx Pages: 14
• Has Bibliography
• Grade Level: Graduate