Enron scandal - PowerPoint PPT Presentation

REGULATORY DEVELOPMENT: FINANCIAL REPORTING COUNCIL AND IFAC REQUIREMENTS

REGULATORY DEVELOPMENT: FINANCIAL REPORTING COUNCIL AND IFAC REQUIREMENTS. By Prof. Benjamin Chuka Osisioma Nnamdi Azikiwe University, Awka. I. INTRODUCTION. Three major phenomena have defined the agenda for recent developments in the accounting profession:

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The Enron Scandal

The Enron Scandal. By Aleksandra Whistle, Rachel Davis and Jie li. Background Information. Kenneth Lay. Chairman and CEO of Enron. Jeffrey Skilling. CEO of Enron. Andrew Fastow. Chief Financial Officer. Arthur Andersen. One of the top 5 largest accounting firms in the U.S.

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The Enron Scandal – Timeline

Enron acknowledges SEC investigation. Enron files for Chapter 11 bankruptcy protection. CEO Ken Lay encourages employees to buy stock. Enron says it overstated earnings by $600 million since 1997. Congressional hearings begin on the largest corporate bankruptcy in U.S. history.

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5.14k views • 8 slides

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