search query: @journal_id 4479 / total: 47
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| Author: | Clark, W. W. Demirag, I. |
| Title: | Enron: The Failure of Corporate Governance |
| Journal: | Journal of Corporate Citizenship
2002 : WINTER, 8, p. 105-122 |
| Index terms: | CORPORATE GOVERNANCE ACCOUNTING BANKRUPTCY REGULATIONS |
| Language: | eng |
| Abstract: | The accounting drama that surrounded the collapse of Enron in the USA during the month of December 2001 will not be known for several years as investigations and lawsuits proliferate and remain embedded in the US legal system. Three issues are clear, however. First, the company had a corporate culture that encouraged its staff to influence public policy-makers on the deregulation or privatisation of the US (and world) energy sector. Second, the company both instructed and led its accounting firm into 'dubious' financial transactions, which ultimately caused the collapse of Enron and may have ended Andersen as an independent firm, especially in its core business of accounting. Yet the third outcome from the Enron debacle is the most significant. |
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