13 Jun EXPLAIN IN DETAIL THE ACCOUNTING SCANDAL
Assignment 2
Discuss the Enron case.
Contents:
Describe the case (economic situation, managerial behavior, etc.);
Determine the corporate scandal (fraud, greed, lack of control, misuse of power, accounting manipulation, etc.);
Explain in detail the accounting scandal/fraud issues (use figures);
Discuss ethical issues;
Refer to accounting framework/standard; • Describe corporate governance failure.
Suggested Material/readings:
UNBC Library: Business source complete (search for Enron)
Bierman, H. – Accounting/Finance lessons of Enron. A Case Study, World Scientific, 2008
Benston, Bromwich, Litan and Wagenhofer – Following the Money, AEI-Brookings Joint Center for Regulatory Studies, 2003
Armour, J. and McCahery, J.A. – After Enron, Hart Publishing, 2006
Note: 5-7 pages, font size 12, double spaced
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