1. Enron and the Sarbanes Oxley Act
Before a person can understand the true affect and changes brought about by the Sarbanes Oxley Act, they must first understand the details of the Enron scandal and how Enron's executives falsified their financials in order to compare the pre-Enron vs. post-Enron eras of corporate America. ... People started questioning how to trust the valuation of companies, and started believing that all corporate executives and accountants were crooked and greedy (Cernusca). ... Enron created Special Purpose Entities (SPE's), otherwise known as off-book partnerships, and the executives used these...
- Word Count: 3410
- Approx Pages: 14
- Has Bibliography
- Grade Level: Graduate