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Questionable Accounting Practices Bring New Regulation to the United States, business and finance assignment help – termpaperbuddy.com | Instant Assignment Help
The correct way to reference the text in the “Reference” section of each unit’s work is as
Ferrell, O., Hirt, G., & Ferrell, L. (2009). Business in a Changing World. (7th ed.) pg. XX.
New York, NY: McGraw-Hill Irwin.
Post a minimum of 750 words to
Enron: Questionable Accounting Practices Bring New Regulation to the United States
1. In a narrative format discuss the key facts and critical issues presented in the case.
2. Why do you think companies such as Enron use complex accounting schemes and loopholes in regulation to seemingly boost the company’s revenue.
3. Do you think that Sarbanes-Oxley Act of 2002 was the right reaction to the accounting scandals associated with Enron and Worldcom and in light of 2008-2009 accounting scandals, has it been effective in preventing accounting misconduct?
4. If you were the CEO of a Fortune 500 company, how would you ensure that your accounting system is in compliance with regulations and best practices within the industry?