Revisiting Enron - How the Accounting World Got Turned Upside Down

2023-03-13

Earn 1 Free CPE for this Episode here: Revisiting Enron Episode DescriptionIn August 2000, the Enron stock price reached an all-time high and the company ranked 5th on the Fortune 500 list. Just one year later, Enron became, at that time, the largest corporate bankruptcy in U.S. history. In this podcast episode, we will look at how Enron exploited accounting tactics, some even legal, to inflate their revenue by over 1,500%, hide billions in debt, and trick most of the business world into believing they...

Earn 1 Free CPE for this Episode here: Revisiting Enron

Episode Description
In August 2000, the Enron stock price reached an all-time high and the company ranked 5th on the Fortune 500 list. Just one year later, Enron became, at that time, the largest corporate bankruptcy in U.S. history. In this podcast episode, we will look at how Enron exploited accounting tactics, some even legal, to inflate their revenue by over 1,500%, hide billions in debt, and trick most of the business world into believing they were one of the strongest companies in the world.

We will also walk through the significant regulatory changes in the accounting industry in the aftermath of the Enron scandal.

Episode Sources:
KPRC Houston (News Headline), 2001 - Enron Scandal: https://www.youtube.com/watch?v=Rjqgdggnlfo&ab_channel=KPRC2Click2Houston

Enron: The Smartest Guys in the Room, Alex Gibney, 2005

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