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Enron Corp. is in the Energy Industry
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An Icon Crumbles; Long before the Enron scandal, cracks were eroding the foundation of the accountancy revered for its unwavering standards.(News)(Brief Article)
Byline: Steven R. Strahler Arthur Andersen LLP's spectacular skid from an auditor above reproach to a criminal organization convicted of obstruction of justice is supposed to be either a mystery or a travesty-too much of a colossal irony, or injus Byline: Steven R....
Shred or dead? The fall of Enron has shaken public faith in the accountancy profession. David Allen considers what accountants can learn from the affair and asks how far they are responsible for share prices
Over recent weeks the accountancy profession has attracted much unwelcome publicity following the spectacular collapse of Enron. Some myths have been shattered and weaknesses have been exposed, but what lessons are there for management accountants?
Andersen UK in last minute rescue attempt
ANDERSEN'S UK partnership is desperately trying to convince rivals to take it over before the beleaguered global accountancy firm implodes. Deloitte & Touche, which had ruled itself out of an Andersen deal just last week, is now understood to be in talks over the UK and European...
Enron debacle: CPAs warn against 'hasty conclusions'.(Brief Article)
While the State Board of Accountancy prepares to investigate Enron's and Arthur Andersen's financial high jinks, the leader of the Connecticut Society of Certified Public Accountants CSCPA is concerned about the prospect of knee-jerk regulations be While the State Board of Accountancy prepares to investigate ...
US clampdown on Enron loophole
THE US accountancy watchdog, the Financial Accounting Standards Board, has proposed toughening the so-called 3 per cent rule that allowed Enron to keep special purpose entities, such as partnerships, off its books by ensuring third-party investors held at least 3 per cent of the entities. The FASB wants to increase...
Strenthening the foundations
With confidence in the accountancy profession dipping to what may be an all-time low following events surrounding the Enron scandal, Accountancy Age has embarked on the task of laying out a 10-point plan for restoring faith in the profession. It was clearWith confidence in the accountancy profession dipping to what...
Andersen Quakes as Enron Puts Accountancy into Crisis.
By Matthew Lynn, Sunday Business, London Knight Ridder/Tribune Business News By Matthew Lynn, Sunday Business, London Knight Ridder/Tribune Business News
Additional Resources
Effects of Enron on future Russian business leaders: a time line survey
Russia has emerged as a new capitalistic country with a prior history of corruption under the state controlled regime. Will word of corruption in America stop efforts for an ethical business climate in the new Russia? Has the Enron scandal affected Russian views of business? In pursuit of the answer,...
Documentaries of all kinds
A rich array of documentaries can be found on DVD this fall, from the absurd and comical to the tragic. The Rape of Europa from Menemsha Films (www.menemshafilms.com; $29.95. not rated) is a thrilling film based on Robert M. Edsel's book, Rescuing Da Vinci , which details how the Nazis...
Constellation Energy Resumes Construction of 774-Megawatt Hillabee Energy Center, an Industrial Info News Alert
Researched by Industrial Info Resources(Sugar Land, Texas) -- Constellation Energy Group Incorporated (NYSE:CEG)(Baltimore, Maryland) resumed construction of the Hillabee Energy Centerthis month near Alexander City, Alabama, after receiving the final permitin September. The plant, which Constellation acquired from CalpineCorporation (NYSE:CPN) (San Jose, California) in February 2008, had stoppedconstruction in 2003...
Southwestern Energy Appoints New Senior Vice President
HOUSTON, Oct. 15 /PRNewswire-FirstCall/ -- Southwestern Energy Company today announced the appointment of Jeffrey B. Sherrick as Senior Vice President - Exploitation of its subsidiaries, SEECO, Inc. and Southwestern Energy Production Company, effective today. Mr. Sherrick will be responsible for the company's North American oil and gas...
Former Enron lead prosecutor John Hueston tells his court tale
CORRESPONDENT DANVILLE -- John Hueston, former lead prosecutor in the Enron trial, talked to a riveted crowd Tuesday morning about how to spot ethical pitfalls in business Regaling his audience with details of the now infamous collapse of energy giant Enron, Hueston revealed the...
Eliminate Enron accounting
In a court settlement, quietly announced on Sept. 9, J.P. Morgan, Citigroup, Bank of America, Lehman Brothers and others agreed to pay $7.2 billion dollars to Enron shareholders. Being the masterminds behind "Enron accounting," is it any wonder that these companies spent the last decade infecting the entire global financial...
A ripsote to the Archbishop
When Rowan Williams and John Sentamu took up their crosiers against shortsellers, they chose strange company: Ken Lay, the disgraced chief executive of Enron, Dennis Kozlowski, the jailed boss of Tyco (who took out full-page ads against short-sellers, before his company sank under the burden of accounting fraud) and the...
Powers separation case may yield a blockbuster high court ruling
A dispute one appellate judge called the most important separation-of-powers case involving presidential appointment and removal authority in 20 years could reach the U.S. Supreme Court toward the end of the justices' current term. Whether this term or next, says an Oklahoma law professor, it could supply...
Upheaval in the Financial Markets Sharpens the Focus on Information Governance and Enterprise Transparency
Fuels Trend to Improve Oversight and Control of Enterprise Information to Proactively Mitigate Risk, Prepare for Next Wave of Compliance Pressures Improving Processes, Reducing Costs Keys to Success in Volatile Global Economy CHICAGO, Oct. 6 /PRNewswire-FirstCall/ -- While no one can predict the full impact...
Lehman 'may take 10 years to wind up'
The Lehman Brothers administration will not be completed until 2018 at the earliest, according to the man in charge of selling and winding down the failed bank's European assets. Tony Lomas, the chairman of business restructuring at PricewaterhouseCoopers PwC, said: "Based on industry experience, including cases like...
Credit crisis diary
After naked greed, just get naked Playboy magazine is hoping female City traders will lose their shirts all over again. It's looking for 20 models for a forthcoming "Women of Wall Street" feature that is meant to mark the credit crisis - and for hard-pressed ex-bankers, the...
This week's platinum picks
Taxi to the Dark Side ***1/2, 2008, ThinkFilm/Image, unrated, $28 Director Alex Gibney's Oscar-winning documentary beat No End in Sight, which would have been my choice. But Gibney also was executive producer of Sight after he directed Enron: The Smartest Guys in the Room. Did someone...
Enron Creditors Recovery Corp. Returns Additional $829 Million to Creditors in Latest Distribution
To date Estate has returned total of $21.428 Billion HOUSTON, Oct. 1 /PRNewswire/ -- Enron Creditors Recovery Corp., f/k/a Enron Corp., today announced its twenty-fourth distribution to creditors of Enron and its affiliated Debtor companies. Today's distribution to holders of allowed general unsecured claims and allowed...
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Enron Corp. Company Info
NAICS Code
Pipeline Transportation of Natural Gas: 486210
