Enron What Went Wrong

1874 Words 7 Pages
Giroux, G. (2008). What Went Wrong? Accounting Fraud and Lessons from the Recent Scandals. 75(4), 1205-1238. Retrieved from http://www.jstor.org/stable/40 972113 In this Journal, The author uses binding sources to display the accurate reason behind the collapse of Enron. Throughout the article the authors references many major scandals that has took place with in the same time period as Enron, for example Global crossing, WorldCom, Tyco, west, Major Banks, and Prosperous hedge funds. Enron has always been known for falsifying financial information on their balance sheet, Income statement, Statement of retains earning but this article displays the reasoning behind that. Enron has been involved in many issues causing them to lose valuable …show more content…
The author does so by linking back to Enron far before the financial crises. This journal mainly shows the basic performance of Enron through time, by analyzing Enron through time the author places the build up to the financial fraud in sequential order. One key area mentioned in this article was the heavy regulations behind the energy trading industry, there are many legal penalties distributed if energy isn’t traded lawfully. What separates this article from many of the others is that this article focuses on Jeff skilling who was the CEO of Enron in the time of the financial crises that took place. There have been many published papers on skillings involvement and awareness with the well-known Enron financial fraud. This article would influence the construction of my paper by adding quantitative and statistical information into my essay. It also displays the involvement of the executive members of Enron and some from the auditing firm that was majorly involved in the fraud that took place in …show more content…
This article is manly subjected to discussing the negative aspects of the Sarbanes Oxley act of 2002. In my perspective I think that the Sarbanes Oxley act of 2002 is a monumental act that protects many different sections in the market that why it is difficult to locate negative articles about it. In this research Freer discusses consequences that surfaced from the creation of the Sarbanes Oxley act of 2002.The negative effects of Sarbanes Oxley act of 2002 was one of the arguments in my paper that was difficult to find sources for. By locating and using this source I think it helps navigate my paper to a more just

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