Enron

Enron Vanessa & Eduardo Abstract This paper explores the facts behind the demise of Enron Corporation, and American energy company that was based in Houston, Texas and the end of Arthur Anderson, which was i of the five big audit and accountancy partnerships in the unhurt world. Enron became known for the biggest audit failure and 2nd largest bankruptcy in the United States. As a consequence of the Enron scandal, new regulations and regulation were enacted, such as Sarbanes-Oxley and the increased accountability of the auditing firms to remain frank and independent of their clients. Enron Enron was not always one of the giant companies in the world. It started way back in the 1930s as a much smaller company by the name of northern Natural swash Company. The company was founded in Omaha, Nebraska and its pattern investors were from a company in Texas called Lone Star Gas Company that would later on merge with the Omaha based Company. Initially, Yankee struggled to obtain positive results. However, thanks to a large sum total of cut-rate labor during the neat depression they were able to variety a pipeline which supplied homes with natural gas within the Great Plain land.

This allowed Northern to begin to grow and establish itself as a company that offered natural gas for a cheap price (knapp,2011). The company continued to grow slowly hardly still remained unknown outside of its region of operations. thusly in 1947, the company went public and began to sell stock on the wise York Stock Exchange. The prospect to appear on such a highly regarded stock exchange benefited Northern by allowing them the opportunity to obtain greater financing and continue expanding its operations. A region where Northern invested greatly in was in the development of a pipeline in Alaska during the 1970s (Knapp, 2011). This development permitted the company to admission charge natural gas reserves both in Alaska and Canada. Then in the 1980s, the company changed its name from... If you want to get a full essay, order it on our website: Orderessay

Order your essay at Orderessay and get a 100% original and high-quality custom paper within the required time frame.