5 entries
Enron's compliance and ethics function, embedded within the Risk Assessment and Control group, administered the Code of Ethics, Restricted Lists, ethical wall procedures, and anonymous reporting facilities -- a formal infrastructure that failed to prevent or detect executive-level fraud.
The series of congressional investigations launched in January 2002 following Enron's collapse, spanning multiple Senate and House committees and featuring testimony from key executives including Sherron Watkins, Jeffrey Skilling, Ken Lay, and Andrew Fastow.
Enron's distributed internal audit function, nominally under Chief Risk Officer Rick Buy, relied heavily on Arthur Andersen for execution and focused on trading controls while missing the accounting fraud that destroyed the company.
The 213-page investigation by Enron's Special Committee that documented systematic accounting fraud, executive self-enrichment, and board oversight failures, becoming the foundation for criminal prosecutions and the Sarbanes-Oxley Act.
Enron's obligations under Securities and Exchange Commission reporting rules, the collaborative filing processes documented in the email corpus, and the systematic violations that resulted in criminal prosecutions and the Sarbanes-Oxley Act.