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)

Answer rating: 100% (QA)

1 In mark to market accounting the accounts are not valued or measured on their cost basis Rather the accounts are measured on fair value basis and th... View the full answer