Question
Based on discussion and materials regarding the Enron Collapse Case, which of the following statements is false ? A. Major collapses often occur as a
Based on discussion and materials regarding the Enron Collapse Case, which of the following statements is false?
A. | Major collapses often occur as a result of multi-system failures. In other words, many systems (any one of which should detect fraud), fail to work, at the same time. | |
B. | Had Enron not been exposed by a whistle blower, it probably would still have collapsed on its own, since the fraud being committed was unsustainable. | |
C. | Management at Enron actually did not engage in a conflict of interest. | |
D. | Enron is one of the reasons why Sarbanes-Oxley (SOX) was enacted. SOX was a reaction to corporate fraud and a lack of trust in accountants |
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