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. ... In December of 2001, Enron filed bankruptcy with $62 billion in assets; just one month after their auditor gave the company a clean report (meaning their financial statements looked good) (Buckstein). ... Enron created Special Purpose Entities (SPE's), otherwise known as off-book partnerships, ...

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