        The Enron Corporation (Enron) was once one of the worlds leading null companies. In December 2001, Enron filed the largest corporate bankruptcy claim in get together States history. The collapse led to investigations of both Enron and Arthur Andersen, an accounting firm engaged by Enron. Investigators focused on charges that Enron deliberately concealed its fiscal problems, misled investors, and failed to pay income taxes.
        Enron has taken a downward slide since January do their stock worthless today. With corrupt executives and the help of their auditing firm, they have been suitable to provide investors with false financial information, which gave them a false look-alike of the companys true state of affairs. The collapse of Enron has made thousands of employees lose their manners savings in 401k plans, and company stock holdings. Investors were defrauded out of billions of dollars and everyone is petition the questions, How did this happen, and can we prevent this from happening again?
        Enron began business in 1986 as a result of the merger of two innate gas companies intent on creating the first nationwide indwelling gas pipeline. Enron wanted to take advantage of the newly deregulated markets for energy and become a market middleman for energy.
They wanted to complete this by bringing together buyers and vendors of energy, in addition to delivering inseparable gas. But instead of simply bringing buyers and sellers together, Enron entered the contract with the seller and signed a contract with the buyer, making money on the difference between the selling price and the buying price. Enron unbroken its books closed, making it the only party that knew both prices. Over time, Enron began to objective increasingly varied and complex contracts. Customers could insure themselves against all sorts of eventualities-such as a rise or fall in affair rates, a change in...
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