Lessons learned from enron’s collapse: auditing the accounting industry hearing before the committee on energy and commerce house of representatives. Case-study-so-what-is-it-worth prior post where students discussed the case forget accounting scandals, this was a crappy business based on trading so no way to determine normalized earnings when i was in brazil and saw enron’s newly-built generating plant sitting idle, i asked why. I hope it encourages people to follow the enron corporate slogan: “ask why” one of the reasons that enron succeeded is that no one (or very few) asked “why.
A video clip of ask why , composed of enron commercials. Enron ask why how unethical and illegal behavior ruined lives brief history of enron enron was an energy company based in houston, texas that dealt with the energy trade on an international and domestic basis.
I’ve just finished watching ‘the smartest guys in the room’ a documentary which goes through the detail of exactly what happened at enron before it went bust. The enron scandal, publicized in october 2001, eventually led to the bankruptcy of the enron corporation, an american energy company based in houston, texas, and the de facto dissolution of arthur andersen, which was one of the five largest audit and accountancy partnerships in the world.