Enron's fraudulent financial activities resulted in the creation of the Sarbanes-Oxley Act and many reforms to the accounting profession. Research the company and answer the following questions.

• Question 1: How did the members of the accounting firms violate the standards of integrity and credibility?
• Question 2: Do you believe the new standards that resulted from theEnronscandal to be adequate?
• Question 3: Name and explain two aspects of theSarbanes-OxleyAct of 2002.
• Question 4: Ratio Analysis. Using the 2000 Enron 10-K, calculate 2 years of the following liquidity, solvency, and profitability ratios. Include your calculations and analysis for these ratios and what they tell you about the company.

Use a citation/reference, and please list each question along with the answer.