Task:
Topic: The Enron bankruptcy of 2001
Areas to be addressed in your paper:
1) What are the lessons for investors?
2) Enron has demonstrated how easy it is to cook a firm's books. Can the manipulation of financial statements be avoided? Is ethical conduct consistent with good business sense?
3) Is corporate greed (deceit) consistent with profit maximization and/or the enlightened self interest of management and employees?
4) What are the lessons from Enron for the auditing profession - is there a need for radical audit reform?
5) What is the impact of the Enron collapse on energy deregulation in the U.S.?
6) What is the impact of the new set of corporate-governance rules (approved by the SEC under the 2002 Sarbanes-Oxley act) on "boardroom excesses"?
7) What were the roles of the CEO/CFO in the Enron crisis?
8) Is there something in common between the Enron & WorldCom scandals?