Enron used the practice of posting profits on potential instead of actual gains and used Arthur Andersen accounting firm to cover any losses through the misuse of special purpose entities (SPEs). Arthur Andersen, was old and well-respected; no one believed it would be party to corporate fraud, making Enron seem squeaky-clean. Retrieved on 23 October 2017 from http://www.mademan.com/mm/enron-scandal-summary.html (Links to an external site.). This scheme was working until Enron decided to falsely create energy demand through blackouts and power plant shutdowns. This misguided plan, to boost profits ultimately lead to the unmasking of years of cover-up and lies by Arthur Andersen on Enron’s behalf. Not only was Arthur Andersen compliant to Enron’s
