Enron

Enron The article on Enron states that there was not one main reason why Enron fell; however it was a corporate culture of deception that lead to the demise of this company. Enron had many loans on their books that they disguised as assets to make them look stronger and more profitable. They worked backwards by figuring out what they wanted their company to look like financially, and then made changes in the books to make it appeal to them. Since the authorities were not using checks and balances to make sure fraud was not taking place, it would have been easy for Enron to make it look like particular divisions were doing worse then they actually were, so they did not have to pay their employees as much. It was also easy for Enron to lie to their accountants because they did not check what the managers told them was truth. The auditors did not check the enron, make, sas, look, company, books, 99, sarbanes-oxley, place, one, mistakes, easy, directors, cpa, check, board, been, because, auditors, article, against, act, worse, worldcom, world, worked, wanted, using, under, truth, told, thing, taking, sure, summarizes