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Enron mismanage GAAPs ?
Can someone name what GAAP rules they broke and give a example of how they broke it.
2 Answers
- Ms. PLv 61 decade agoFavorite Answer
There was the mark to market issue, the abuse of SPEs (special purpose entities) or off book accounting, and a number of issues that were just plain criminal. I think Arthur Anderson deserved a lot more punishment than it got.
Try this link
- Anonymous1 decade ago
H the Question moves me. It's a lot of work if one doesn't know. Since you are asking and, I don't know if you testing the forum. Or, is there a even a readily available answer?
Possibility: Enron didn't violate GAAP. A disturbing thought!
Reasons I won't go there, I really wanted some Enron. I never got there. I didn't follow it.
P.S. stinkin' spell checker doesn't want me to us an acronym.
