"The Smartest Guys in the Room" Enron

1. Enron followed Mark-to-Market Accounting. What is Mark-to-Mark accounting? How did Enron take advantage of this method of Accounting?

2. Off-the-book entities - Enron made minimal disclosures about it's off-the balance sheet liabilities that it was carrying. Explain

3. Evaluate Enron's culture which leads to its collapse.

4. List the unethical issues (at least 4 issues) that are overlooked by Arthur Anderson. If you are apart of the audit team, what would be your stand in those issues?

(If you could make your answers as long as possible without repeating that would be appreciated)