1. The Enron debacle created what one public official reported was a crisis of confidence on the part of the public in the accounting profession. List the parties who you believe were most responsible for that crisis. Briefly justify each of your choices.
Several parties are responsible for the precipitous downturn of Enron. Due to lack of audit independence, transparency of Enrons disclosure and ethical management by the top executives, the collapse of Enron is inevitable. In my point of view, the parties are most responsible for the crises are as follow:
1) Enron Board of Directors - focused too much attention on sustaining and creating the largest company in the world. The excerpt from Wherron... View More »