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ASSIGNMENT - ENRON-THE BIGGEST FRAUD IN HISTORY Accounting frauds are a common phenomenon globally. Many companies had to even close down in the face of frauds. In this assignment, you are required to watch the YouTube video and answer the following questions, You can do additional research online regarding Erion You are required to complete the assignment by September |". 2021,6:30 PM in the morning and submit online in google classroom. ENRON-THE BIGGEST FRAUD IN HISTORY In this video, we take a look at the Enron story, At over $60 billion being scammed away from the public, they were the biggest fraud in history, Yes, even bigger than Theranos YouTube Video Link hum://youtube.cam/watchivme50CIYGRMKI Questions 1. Briefly describe the Vahalla Scandal, 2. Why did Kenneth Lay hire a new CEO? 3. Describe Maark to Market Accounting as described in the video. 4. Ruthless Mind of Skilling identifies his nature for running the business. Identify 2-3 characteristics as described in the video, 5. Dot com and boom section of the video identifies the first fraud committed by Enron under skilling Describe the fraud that was happening. 6. Why do you think what the CFO told the journalist was wrong in the world of Accounting? What is not right to show companies are doing good when they are actually not? 7, What was the LIM Scam? 8. The video identifies that Enron Owns California, But what was Entan actually doing? Describe the electricity scam in brief. 9. Enron shredded Accounting Documents, Do you think they had the right approach? Why do you think it is unethical to do so? 10, How can we prevent accounting fraud as described in the video? 1 1. Briefly describe the main fraud committed by Enron