Enron & SOX

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Written by:

Walter R


Date added:

January 12, 2013








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1 / 272


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SOX also established the Public Company Accounting Oversight Board which oversees and regulates accounting firms. In summary, this act further regulates the public companies management and accounting practices. Enron: Enron Corporation was known as one of the worlds leading company that was hailed as a great and excellent company...
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In 2001, it was found that the company had been using accounting fraud to keep the company afloat. Along with their accounting firm, Arthur Anderson, they created fraudulent financial reports, which resulted in bankruptcy. Including, but not limited to, their reporting of assets were inflated, fraudulent or even nonexistent...
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