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Enron, WorldCom, Arthur Anderson

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After the Enron, WorldCom, Arthur Anderson fiascos, and the effects that such major failures continue to have on the public trust everywhere, many advocate for an expanded role of the government in taming and controlling irresponsible management behavior. As an expert economist, members of Congress have asked you, speaking strictly from an economic and/or financial viewpoint (and not a political/social one) should the government have an expanded role? Why or why not? In your response, make sure you address the role of the SEC and other regulatory/enforcement agencies.

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The response addresses the queries posted in 494 words with references.

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The response addresses the queries posted in 494 words with references.

//Prior to talking about whether the government has an expanded role from the viewpoint of economics or finance, we will talk about in brief about the impact of wrong financial statement treatment on the trust of the public. So, we write about such impact under the heading of Introduction, for example: //

In the late years, the well advertised retrogresses by the several companies like Enron, WorldCom, etc, have not only greatly struck the activities of business of the worldwide market, but also the public trust everyplace that would result into understate of financial or economic market position. In all these cases, the company has followed the practice of accounting frauds or illegal recitations in presenting/reporting its ...

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  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
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