6 entries
Enron's corporate accounting organization led by Chief Accounting Officer Rick Causey, responsible for financial reporting, controller functions, and the aggressive accounting practices at the center of the company's fraud and collapse.
Arthur Andersen LLP served as Enron's external auditor and collapsed following its obstruction of justice conviction for destroying Enron-related documents.
Off-balance-sheet partnerships created and managed by Enron CFO Andrew Fastow that became central to the company's accounting fraud.
The accounting method that allowed Enron to book projected future profits immediately, championed by Jeff Skilling and approved by the SEC in 1992, which became a vehicle for manufacturing over $100 million in fraudulent earnings.
Structured commodity contracts that Enron used to disguise $8.5 billion in bank loans as trading revenue, artificially inflating cash flow while concealing billions in debt.
A comprehensive examination of the off-balance-sheet financing vehicles that enabled Enron to hide billions in debt and manipulate its financial statements, ultimately precipitating the company's collapse.