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Despite the fact that quite a few organizations dispersed property to SPEs, Enron abused the observe by making use of SPEs as dump internet sites for its troubled belongings.
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Explore the lessons that present day businesses Extra resources can learn through the Enron scandal to improve their company governance and ethical standards.
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Arthur Andersen also came under extreme scrutiny, As well as in March 2002, the U.S. Office of Justice indicted the firm for obstruction of justice. Clients eager to assure traders that their economical statements could meet the very best accounting standards deserted Andersen for its competitors. They had been shortly followed by Andersen workers and overall places of work.