4. Risk Management at Enron (20 points) > What type of risks was Enron exposed to? Discuss. Do you think the collapse of Enron came as a result of weak risk management personnel and tools or corporate governance issues? 5. Role of External Parties (20 points) Do you think that the external auditor, Arthur Andersen, bears any responsibility for what transpired at Enron in 2001? > How could the sell-side analysts miss the problems at Enron just two months prior to it filing for bankruptcy