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The Enron Scandal was a number of occasions that resulted during the bankruptcy in the U.S. energy, commodities, and services business Enron Company in 2001 along with the dissolution of Arthur Andersen LLP, which had been certainly one of the most important auditing and accounting corporations on the planet.
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Arthur Andersen also came below powerful scrutiny, As well as in March 2002, the U.S. Department of Justice indicted the agency for obstruction of justice. Customers desirous to guarantee buyers that their fiscal statements could meet up with the highest accounting benchmarks abandoned Andersen for its competitors. They ended up soon accompanied by Andersen workers and total offices.
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