"Enron" Essays and Research Papers

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Enron Company

Enron Corporation Before filing for bankruptcy in 2001, Enron Corporation was one of the largest natural gas and electricity companies in the world. In addition to being one of the largest bankruptcies in American history, Enron undoubtedly was the biggest audit failure. It was one of the most famous company in the world, but also one that fell down too fast. In 1985, Enron was created by a merge between Houston Natural Gas and InterNorth by Houston’s Natural Gas’s CEO Kenneth Lay. It was...

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Enron Scandal

corporation, large enough to hurt the economy? The Enron scandal is an example of a historical exposure of unethical behaviors within a company and it is also one of the largest corporate scandals in America. Enron started as a gas pipeline company. It soon expanded into the world’s largest and dominant corporation focusing on trading gas, electricity and water – the most essential needs of a citizen living in North America. In December of 2001 Enron filed for bankruptcy. The moral concern from...

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Rise and Fall of Enron

The rise and fall of Enron is a company that was lead to its own demise by it’s own leadership and ill business decisions. The motivational theories explained from the readings of Organization Behavior can correlate with the failure of Enron’s internal organization. Even though a company may appear to display successful business practices, the influence of leadership through management can ultimately lead the company to fail. Enron’s code of ethics prided itself on four key values; respect, integrity...

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Fraud Examination Enron Paper

1. Define the problem(s) Enron failed to record some of its transactions. Arthur Andersen did not allow the LJM financial statement to stay unconsolidated. 2. Analyze the situation - again, take a "lessons learned" approach. You might use the following questions as guides: A. What important internal controls were ignored when LJM1 was created? LJM1 ignored some of Enron’s entries in the books that were missing. Outsiders owned less than 3% of the Special Purpose Entities equities. There was...

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Enron Case

CASE 1.1 Enron Corporation “Think Straight, Talk Straight. “ This was the motto of Arthur Edward Andersen. He was the founder of the Arthur & Company, which was established to provide accounting, auditing and related services. Throughout his professional, Arthur E. Andersen career, relied on a simple, four-word motto to serve as a guiding principle in making important personal and professional decisions: “Think straight, Talk straight.” Andersen would prefer fewer clients, than having more...

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Enron Scandal

Current issue: Scandals in auditing Enron Scandal 1. Introduction Accounting scandals are political or business scandals which arise with the disclosure of financial misdeeds by trusted executives of corporations or governments. These days, not too often, these scandals are splashed as headlines across media. Why? Because there are complex groups of stakeholders who might be seriously affected by the scandals. Enron scam was the most remarkable scandal in 20 centuries by their institutionalized...

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Fall of Enron

Winsett Dr. Frances L. Ayers Accounting 5252-920 27 March 2013 The Fall of Enron: Mini-Case Analysis Summary: Enron was founded in 1985 as a natural gas pipeline company. In the 1990s, Enron emerged as one of the leading pioneers in the energy market by building its business around energy trading and international energy-asset construction. Their emergence in the energy-trading sector all started when Enron recognized that they could take advantage their position as the largest interstate...

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The Fall of Enron

Case: The Fall of Enron Enron was so admired prior until 2000; they grew to a powerful company. In 1985, Internorth acquired Houston Natural Gas to form HNG/Internorth, a natural gas pipeline company. This company was renamed to Enron. At the time of Enron’s creation, the U.S. gas market was in the middle of deregulation. In 1985, rules were established that allowed gas users to realize the cost savings by purchasing gas at spot prices and separately contracting with pipeline firms for delivery...

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Enron: the Smartest Guys in the Room

The film titled, Enron, the Smartest Guys in the Room, is a phenomenal examination of an organization that in all likelihood started out to perform ethically but, after a modification in design and moral decision-making, it evolved into an organization based upon greed and performance no matter what cost. Ironically, the motto of this company was, “ask why” however this is perhaps the sole question that many employees are now asking themselves and should have routinely asked in the years...

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Enron Ethics

in this case: how did Enron lose both its economical and ethical status? This question makes the Enron case interesting to us as business ethicists. Enron ethics means that business ethics is a question of organizational "deep" culture rather than of cultural artifacts like ethics codes, ethics officers and the like. BackgroundAt the beginning Enron faced a number of financially difficulty years. In 1988, the deregulation of the electrical power market took effect and Enron redefined its business...

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