What is an example of how inaccurate financial reporting has led to poor decision making in the capital markets?© BrainMass Inc. brainmass.com June 3, 2020, 8:23 pm ad1c9bdddf
I will give you the example of Enron,
Enron was growing at a compound annual rate of more than 60 percent from 1995 through 2000 and touched over $100 billion in 2000.
But this growth was artificial and it was inaccurate.
It filed for bankruptcy on December 2, 2001. The CFO Fastow led the team which created the off-books companies, and manipulated the deals to provide himself, his ...
The expert examines examples of how inaccurate financial reporting is issued.