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Enron logo. The Enron scandal was an accounting scandal sparked by American energy company Enron Corporation filing for bankruptcy after news of widespread internal fraud became public in October 2001, which led to the dissolution of its accounting firm, Arthur Andersen, previously one of the five largest in the world.
The scandal brought into question the accounting practices and activities of many corporations in the United States and was a factor in the enactment of the Sarbanes–Oxley Act of 2002. It affected the greater business world by causing, together with the even larger fraudulent bankruptcy of WorldCom, the dissolution of the Arthur Andersen ...
Arthur Andersen LLP v. United States, 544 U.S. 696 (2005), was a United States Supreme Court case in which the Court unanimously overturned accounting firm Arthur Andersen's conviction of obstruction of justice in the fraudulent activities and subsequent collapse of Enron.
Andersen Consulting was once one of the top names in professional services. The firm rebranded to Accenture in 2000, and its parent company went bust following the Enron scandal.
Arthur Andersen LLP was an American accounting firm based in Chicago that provided auditing, tax advising, consulting and other professional services to large corporations. By 2001, it had become one of the world's largest multinational corporations and was one of the "Big Five" accounting firms (along with Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers).
The fallout from Enron's collapse continued to spread for months after the former energy conglomerate declared bankruptcy. One of the final Enron-caused implosions of collateral damage hit.
In the first, the U.S. Supreme Court gave Jeffrey Skilling a partial victory on his conviction for leading the Enron accounting fraud. In the second, The courts have been busy Thursday, with two ...
Kenneth Lee Lay (April 15, 1942 – July 5, 2006) was an American businessman and political donor who was the founder, chief executive officer and chairman of Enron.He was heavily involved in Enron's accounting scandal that unraveled in 2001 into the largest bankruptcy ever to that date.