Read Watkins' Whistle Blower Letter to Enron Chairman Explanatory notes: AA=Arthur Andersen (auditing firm) MTM=Mark to market
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Question:
Read Watkins' Whistle Blower Letter to Enron Chairman
Explanatory notes:
AA=Arthur Andersen (auditing firm)
MTM=Mark to market
EES=Energy exchange schemes
ENE=Equity non-existing
IBIT=Income before Interest and Taxes
NI=Net Income
N/P=Notes payable
VIE=Variable interest entities
REQUIRED:
Identify as many financial and non-financial red flags from the letter as you can. According to my analysis, there are at least 20 red flags mentioned in Watkins' letter.
List your red flags in a numerical order (1, 2, 3...20).
Each red flag description should not exceed two lines. Red flags need be drawn from Watkin's letter directly, and not from any random source or other chapters in the textbook.
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