Search the internet and find an instance of "Earnings Mismanagement" or "Accounting Fraud" related to a business in your pathway. Please put the company's name as the subject of your post....

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Search the internet and find an instance of "Earnings Mismanagement" or "Accounting Fraud" related to a business in your pathway. Please put the company's name as the subject of your post.


Requirements:



  • Write a 3 paragraph discussion post with the following information:


  • Why this company interests you.

  • When they did it.

  • Describein detailwhat they did and how they got caught.


  • Tellus what the consequences were to the individuals responsible.


  • Cite at least two sources for your information.

Answered 2 days AfterApr 05, 2021

Answer To: Search the internet and find an instance of "Earnings Mismanagement" or "Accounting Fraud" related...

Nitish Lath answered on Apr 07 2021
152 Votes
Company name: Enron Corporation
Enron Scandal is one of the largest scam in accounting history and
due to this scam there were various laws were implemented by the regulatory authorities such as Sarbanes Oxley Act, 2002. This scandal is most interesting because after this scandal drastic changes were happened in various rules and regulations and compliances were made more stringent for listed entities. The scandal was uncovered in year 2001 and the share prices of the company fall from $90.75 per share to $0.26 per share.
The company was following wrong accounting practices and inflated its books...
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