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The Enron Scandal was a series of functions that resulted while in the personal bankruptcy of the U.S. Electricity, commodities, and services firm Enron Corporation in 2001 as well as dissolution of Arthur Andersen LLP, which were among the most important auditing and accounting organizations on this planet.
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Arthur Andersen also arrived underneath powerful scrutiny, and in March 2002, the U.S. Section of Justice indicted the company for obstruction of justice. Purchasers planning to guarantee buyers that their economic statements could fulfill the very best accounting benchmarks deserted Andersen for its opponents. They have been before long followed by Andersen employees and overall offices.
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