Answer the following questions about the Enron scandal.

1. Explain mark-to-market accounting in your own words (1 Point). What role did mark-to-market accounting play in the Enron scandal (2 Points)?

2. Describe the culture and tone at the top at Enron using specific quotes from the book (3 Points). How did the tone at the top at Enron contribute to the downfall of the company (2 Points)?

3. How does the fraud diamond apply to Enron? Make sure to use specific examples from the book (4 Points).

4. In the legal systems judgment of its role at Enron, Arthur Anderson was ultimately found not guilty. Do you believe that Arthur Anderson was innocent (1 Point)? Why or why not (2 Points)?

5. Who (or what) do you believe is the most responsible for the fall of Enron (1 Point)? Why (1 Point)?