from the movie, Enron- the smartest guys in the room.

Questions : What was Enron's fraud triangle? Enron employed "mark to market" accounting, whereby they recorded future revenue when they booked a deal. Which accounting principle does this violate? What was at least one early indicator that Ken Lay may not have valued ethics and integrity (hint: look - 15 minutes into the movie) What major conflict of interest was mentioned in the movie (hint: it involved Andy Fastow) Independent External Audits, like the ones performed by Arthur Andersen, are a key monitoring control. Why do you think this control failed