To my understanding, Enron was a thriving company. It expanded into other industries. To sustain it’s growth , however, Enron began borrowing money and had serious debts to pay. The company decided to hide this fact because it would make the stock look less valuable. They also began offering secret information to to large potential investors which was illegal. And to top that off, the CEO of Enron began to secretly sell his stock so that he doesn’t lose any money. The truth eventually came out and the company announced a loss of $638 million and the stock market fell drastically.
Now, who is Arthur Anderson and what exactly was his role in the scandal? I heard that his job was to ensure that potential investors could rely on Enron’s financial statements.
Any information regarding this case is appreciated ! (This is for an assignment). I can’t seem to find anything about Andersen on google :/
Thanks!
Categorized | Affiliate Marketing 101
The Enron Gas Company Scandal. Who Was Arthur Andersen And How Was He Involved In The Scandal.?
Posted on January 20, 2011.
Not a person…an accounting firm. You couldn’t have searched very hard.
Sounds like you are searching like I was not to long ago. I needed to pay some bills and generate some consistent income. Sure am glad I stumbled into this opportunity. A friend suggested I try it and it’s made a huge difference in a short amount of time. Maybe it’ll be right for you.
Good Luck
Sure you can find information on Authur Anderson.http://en.wikipedia.org/wiki/Arthur_Ande…
Arthur Anderson may have been a “person” but it is the accounting firm that Enron used to coverup their financial helath. AA fudged on the audits and shredded paperwork, which keep the real financials of Enron hidden.
AA was a gigantic accounting firm, part of the “big 8” accounting firms and very very well respected. There are only 4 “Big” accounting firms remaining = KPMG, Pricewaterhouse Coopers, Deloitte Touche, and Ernst & Young.
Hi revi,
Arthur Andersen was on eof big accounting firms involved in the Enron scandal.
I know how you feel. I have been frustrated with my hit and miss strategies in my trading in the stock market. Having attended a few high ticket seminars the strategies have not proved consistent except in losing trades.
I was disappointed with my results and very frustrated as I know there are a few traders who are doing extremely well. But what is their secrets or methods of making money in the stock market.
For me it has a hit and miss until now since I have come across a system of trading stocks and options as a real and proven system creating consistent profits not losses.
How about you? Time to make money not lose it.
Wishing you big success in your trading.