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Examine the part performed by Enron’s board of administrators in the organization’s corporate governance failures And exactly how they could have acted in a different way to avoid the scandal.
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The Enron Scandal was a series of occasions that resulted in the personal bankruptcy of your U.S. Electrical power, commodities, and services company Enron Company in 2001 along with the dissolution of Arthur Andersen LLP, which were certainly one of the most important auditing and accounting providers on the earth.
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By this stage, Lay experienced been given an anonymous memo from Sherron Watkins, an Enron vice chairman who experienced turn out to be worried about the Fastow partnerships and warned of probable accounting scandals.
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