Affirmative Adaptation And Modernize Resulting From The...

Affirmative Adaptation and modernize resulting from the scandal In today’s society the desolation of Enron has been one of the greatest disasters to hit a major United States corporation, nevertheless the actions of this deception let to Varity major future benefits. The effects of Enron without a doubt are primarily disadvantageous. However, although Enron has made illegal and unethical choices the company has paid the ultimate penalty by â€Å"Declared bankruptcy on December 2, 2001 after restating earnings in the 3rd-quarter 10-Q, indicating major problems with special-purpose entities. Investigations by the SEC, Justice Department, and others; executives indicted and class-action lawsuits filed (Giroux. 2008). Whereas many perceive the Enron scandal as a total disaster there has been many optimistic out comes that has surfaced from this scandal. To prevent future financial fraud the U.S congress developed The Sarbanes-Oxley Act of 2002,which was enforced by the U.S. Secur ities and Exchange Commission.The Sarbanes-Oxley Act is one of the most monumental acts issued by the U.S congress to safeguard investors and shareholders from company’s misrepresentation their financial information. This also forced companies to follow specific guidelines and if they did not comply they could be audited or faced with legal action. In my perspective I found this outcome of the Enron scandal constructive, many of the guidelines created by the United StatesShow MoreRelatedFailure And Fraud Of Enron1161 Words   |  5 PagesIn 2001, Enron, the seventh largest company in the U.S participated in fraudulent activity. The fraudulent activity committed by Enron was the beginning of an inevitable ripple of failure in the company’s future. Although Enron performed the major scandal, the auditing agency Arthur Andersen was highly responsible for their negligence and their participation in the deception of the financial investors. The general public didn t easily predict the downfall of Enron because it was one of the most thrivingRead MoreOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 Pageslittle significance. But there is little agreement over when the twentieth century c.e. arrived, and there were several points both before the year 2000 (the collapse of the Soviet Union, the reunification of Germany, the surge of globalization from the mid-1990s) and afterward (9/11, or the global recession of 2008) when one could quite plausibly argue that a new era had begun. A compelling case can be made for viewing the decades of the global scramble for colonies after 1870 as a predictableRead MoreProject Mgmt296381 Words   |  1186 Pageswith teaching awards from both the Oregon State University MBA program and the University of Oregon Executive MBA program. He has been a member of the Portland, Oregon, chapter of the Project Management Institute since 1984. In 1995 he worked as a Fulbright scholar with faculty at the Krakow Academy of Economics on modernizing Polish business education. In 2005 he was a visiting professor at Chulalongkorn University in Bangkok, Thailand. He received a B.A. in psychology from Claremont McKenna College