The Company and the Accounting Impropriety

The Company and the Accounting Impropriety

Enron Corporation was an energy, commodities and services company in America which was primarily based in Houston, Texas. It was formed by Kenneth Lay in 1985. It had an approximate 20000 staff and was a major global electricity, communications, natural gas, pulp and paper factory with soaring revenues of over $101 billion by the year 2000. The Fortune Magazine named it as the most innovative company in America for six consecutive years (Lashinsky, 2001).The Enron Scandal was unearthed in October 2001 and subsequently resulted in the bankruptcy of the corporation and dissolution of Arthur Andersen which was one of the greatest…..

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