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common aspects for Enron and WorldCom to occur

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What were the common aspects that were necessary for the Enron and WorldCom debacles to occur?

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This solution discusses common aspects that were necessary for the Enron and WorldCom debacles to occur.

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One of the main aspects that were necessary for the events in both companies to occur include a completely misguided, unethical management team. In both cases, we see the three components of the fraud triangle met, which include 1) motivation to commit fraud, 2) an opportunity to do so, and 3) a perceived or real pressure. In both cases, management completely overrode internal controls that went completely ...

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