Over the last decade, Enron Corporation was one of the world's leading energy, commodities and services companies, marketing electricity and natural gas, delivering energy and other physical commodities, and providing financial and risk management services to customers around the world. In December 2001, the one time darling of Wall Street became the largest bankruptcy in U.S. history. Investors lost billions. Use the Google search engine or any other information sources to seek information as to what caused this historic collapse.In a related action, the American Institute of Certified Public Accountants and the Big Five accounting firms just released a list of "risk factors" that should be considered as companies prepare their 2001 financial statements. The stated reason for the document is in response to the current economic downturn, events of September 11, and recent business failures.
Analysis
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