custom writing services

Need more information?: Chat with us


support@myprivateresearcher.com

order download
Average score 4.96 out of 5 based on 673 opinions

What regulations and laws would you put into place to stop this from happening again in the future?

Please provide a 2 page written analysis of the legal and ethical issues that ved in paper posted last week. Based on the findings, you will evaluate what these legal and ethical implications may have and what types of laws or regulations you would recommend be put into place in order for this not to happen again in the future. (For example, some activities may be legal but not ethical; if this is the case, what regulations and laws would you put into place to stop this from happening again in the future?

The Accounting fraud of Enron Company

James Miles

September 13, 2014

The Accounting Fraud of Enron Company

The corporate scandals have been taking place for centuries whereby it involves corruption, fraud, bribery together with other forms of greedy actions which impacts on economy as a whole and attribute to Company’s failure or impeach of the president or vice president of the Companies involved (Bauer, 2009).

The Company which I choose is Enron Company which deals with commodities, energy as well as being a service corporate. This Company is identified as the Company which turned in centuries since it oozed with the wealth, power and smarts. Certainly, the Enron Corporate involved in a spectacular bankruptcy as a result of painstakingly-planned account fraud which was made by its accounting firm. The accounting firm executive beyond the accounting fraud is known as Arthur Andersen, Jeff skilling who is a CEO and former Ken Lay also a CEO (O’Gara, 2004). The sources indicate that, Enron Company’s shares dropped from $90 to $0.50 thus illustrating a disaster within the financial world. Due to the accounting fraud, thousands of the employees and the investors identified their savings loss within the Company since it had filed an earnings restatement on October 2001. However, the Enron Corporate scandal lead to Chicago based Company to voluntarily relinquish its own licenses to the practice through certified public accountants, the CPA which is preferably in U.S because of the Enron accounting scandal which shows a loss of 85000 jobs as well as corporate rebranding. The accounting fraud of Enron was identified through a turn in by the international whistle-blower Sherron Watkins through high stock prices which had fueled suspiciously.

The fraud players beyond the fraud of Enron accounting were CEO Jeff skilling and the former CEO Ken Lay. The scandal incident resulted in penalty of CEO Jeff Skilling who was sent to prison for 24 years for his roles in engaging in energy giant’s financial collapse. The Company had filed for bankruptcy and Arthur was beyond the accounting fraud therefore he was found guilty of fudging Enron’s accounts and also his attributes to loss of shareholders worth $74 billion of money (Walden, 2007). The other player was Ken Lay was confirmed dead before serving time of the Enron accounting fraud execution. The fun fact beyond the Enron Company shows that, the fortune magazine named the Enron Company the most America’s innovative Corporate for six years preferably in a row prior to its scandal.

References

Bauer, A. (2009). The Enron scandal and the Sarbanes-Oxley-Act. München: GRIN Verlag.

O’Gara, J. D. (2004). Corporate fraud: Case studies in detection and prevention. Hoboken, N.J: Wiley.

Walden, M. L., & Thoms, P. (2007). Battleground: Business. Westport, Conn: Greenwood Press.

HOW IT WORKS

  simple order process Pricing order download You have just landed to the most confidential, trustful essay writing service to order the paper from. We have a dedicated team of professional writers who will assist you with any kind of assignment that you have. Your work is handled confidentially with a specific writer who ensures you are satisfied. Be assured of quality, unique and price friendly task delivered in good time when you place an order at our website. banner We have a team of dedicated writers with degrees from all spheres of study. We readily accept all types of essays and we assure you of content that will meet your expectations. Our staff can be reached  via live chat, email or by phone at any given time with prompt response.  

Prices starting at:

High school
Undergrad.(yrs 1-2)
Undergrad.(yrs 3-4)
Master’s
Doctoral
$10 / page
$10/ page
$12/ page
$15 / page
$17/ page

Note: The prices in the table above are applicable to orders completed within 14 days. Kindly see the full price table for more prices..

We urge you to provide as much information as possible to avoid many revisions. Set your deadline, choose your level, give payment information and relax while you track your work. We will deliver your paper on time. . 1 Are you in a quagmire and you are unable to complete your assignments? Do you doubt yourself on the quality of the essay you have written? Myprivateresearcher.com  is here to assist you. We will offer you unmatched quality that is plagiarism free. Place an order at myprivateresearcher.com  for guaranteed  high grades. order download

we offer gifts to our paper help customersPayment Methods

you can request our services and pay via paypal

we offer gifts to our paper help customersOur Guarantees

  1. Zero plagiarism.
  2. 100% confidentiality.
  3. FREE Reference page
  4. High Quality papers
  5. 24/7 Customer support

Our Testimonials Testimonials

I ordered a 7 page college essay and was delivered on time. Thank you guys I will definitely order again!

9.5
, FL

Our statisticsOur Statistics

  • Orders Completed todate 65387

  • Number of writers 246

  • Satisfied customers 98.7%

  • Returning customers 92.3%

  • Orders placed today 204