Amid the world-renowned CES Las Vegas kicking off this week, news of a supposed micro nuclear reactor designed to power homes ...
History tells us that Enron’s woes were essentially concealed by high-risk accounting and auditing practices. When the US Securities and Exchange Commission investigated the bankruptcy, they found ...
The technique allowed Enron to have higher current profits, or so it seemed. In addition to market-to-market accounting, Enron also used special purpose entities for dump sites for its troubled ...
Historical cost accounting and mark-to-market, or fair value, accounting are two methods used to record the price or value of ...
Enron was a Houston-based energy and utility company that collapsed for committing one of the largest accounting frauds in history.
Along the way, we watch Enron game California's deregulated electricity market, get a free pass from Arthur Andersen (which okays the dubious mark-to-market accounting), use greed to manipulate ...