Question

What suggestions can be given to Enron Corporation after its scandal?

Answer 1

A Thumbs Up! Would be really helpful for me. If you have any questions, please leave a comment and I will get back to you as soon as possible.

Enron Corporation scandal was one of the most significant collapses of any corporation happened in the United States of America. And because of this many savings of people and loan giving to the people were considered as a failure. There were many reasons of the failure of the corporation and one of the reason was the conflicts between the two role person Arthur Anderson, who was an auditor and a consultant to Enron but the people of the corporation show the least interest into the business and the maintenance of financial accounting which let the corporation down. There are various suggestions that should be taken from the Enron scandal is that you should not invest in anything if you're not aware of that particular thing or the company. it will not have a good result and you will regret what you did as this scandal shows. Unnecessarily investment in anything will not provide you a profit or huge amount but it will destroy many things. You should be having proper knowledge and understanding and what you are investing which will help you in growing more and achieving your organizational objectives. Moreover, it tells the corporation about the importance of maintaining financial accounting and management and how it should be maintained or handled. As a corporation, you should be totally aware of the leverages which are coming in an excessive form.