Enron Corporation was an American energy, commodities and services company based in Houston Texas that is arguably one of the biggest corporate collapses in recent history.

Requirement:

Research the events surrounding the collapse of Enron

Questions:

(i) Which parts of the independence requirements and ethical framework were compromised during the final audit year? Explain and provide examples. (350 words)

(ii) What were the main accounting and auditing outcomes after the Enron collapse? (500 words)

(iii) What accounting events lead to the collapse of Enron? (150 words)