Enron Corporation

Latasha Bush Strayer University Prof: ABRAHAM LEG 100 January 23, 2011 Enron like all mankind companies was required by the federal securities laws to describe its related- dowery transactions to shareholders and to members of the invest public in several different disclosure documents: the triennial reports filed with the SEC on a quarterly and yearbook basis, and the annual proxy solicitation materials sent to shareholders. We found significant. issues concerning Enrons public disclosures of related-party transactions. Enron has part of its operations off the book. This is criminal by and standard. At least one auditor caught this and insufficient attention was paid to the organisational structure could have been different by not changing the original structure.   When Enron decided to change its structure by hiring pile from outside the company and gave them power to make huge decisions that would locomote the organization.   The reward system inside the company changed and gave the Top performers more opportunity for bonus and stock options. Enron has since become a customary symbol of willful corporate fraud and corruption.

The scandal overly brought into questions the accounting practices and activities of many other corporations throughout the United States and was a factor in the creation of the Sarbanes-Oxley Act of 2002. Enron filed for loser in the Southern District of New York in late 2001 as its bankruptcy counsel. It emerged from bankruptcy in November 2004 pursuant to a court-approved cast of reorganization after one of the biggest and most complex bankruptcy cases in United States history. Enrons officers did not act within the scope of their authority. The scope of authority only goes as far-off as the law will allow. When Enron was acted dishonestly and unethically to avail over its shareholder and member they were no longer in the scope of their authority. Enron... If you want to get a full essay, fiat it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper