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The Enron Scandal was a series of activities that resulted from the bankruptcy in the U.S. Power, commodities, and services company Enron Corporation in 2001 as well as the dissolution of Arthur Andersen LLP, which had been certainly one of the biggest auditing and accounting corporations on the planet.

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Nevertheless, its downfall in 2001 discovered common accounting fraud and led to the personal bankruptcy of the corporate, leaving Many employees jobless and wiping out billions of bucks in shareholder price.

The collapse of Enron, which held greater than $sixty billion in assets, involved among the most important individual bankruptcy filings in the history on the U . s ., and it created A lot debate in addition to laws meant to improve accounting expectations and methods, with extensive-Long lasting repercussions while in the fiscal world.

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