Ethics and Legal Issues In 2001 Enron Corporation and Arthur Andersen

(accounting firm) were involved in a massive stock fraud scheme.

Enron’s stock plummeted, and it filed bankruptcy. Stockholders lost their entire investment. Prepare a history of the Enron scandal. What ethics issues were involved? Discuss reforms that were put in place as a result of the Enron stock scandal, such as the Sarbanes-Oxley (SOX) Act of 2002. How does SOX enhance corporate responsibility and protect you as an investor?