The Enron collapse exemplifies greed, fraud, and misuse of accounting rules. The demise of Enron had a devastating effect on many people's lives.

The Enron Scandal Explained in One Minute: Corporate Recklessness, Lies and Bankruptcy is a good starting point for your reflections.

What were the effects on accounting, the profession, ethical standards of business conduct in general, employees, supporting businesses and/or government regulation? How can we minimize the risk of future financial scandals and maintain public trust in the system?