The fall of Enron cannot be blamed on just a few bad apples, discuss Essay

The fall of Enron cannot be doomedd on just a few bad apples, discuss critically - Essay Examplelt was a replacement of Andrew Fastow, Enrons Chief Financial Officer and the start of investigations on investiture partnerships depicting the web of partnerships aimed at hiding Enrons debt. The effect was a plummeting of Enron stock to less than a dollar, and Enron filed for bankruptcy in Dec 2, 2011. This study aims at analysing the strengths and weaknesses of the assertion that the fall of Enron cannot be blamed on just a few bad apples. The effect is the development of an in-depth understanding of the factors that were in play in the fall of Enron and provided a conclusion as to the reasons behind the fall of Enron.There argon a number of strengths for the statement,a few bad apples are to blame for Enrons fall. The statement takes into consideration the mistakes made by a few people including Arthur Andersen LLC, Enrons accounting firm alongside Andrew Fastow for allowing Enron to utilization partnerships to spread over debt and present questionable profits in its financial statements2. Andersen LLC overlooked problems at Enron since it was a lucrative client garnering over $100 million in fees indeed are among the bad apples to blame for Enrons fall. Andersen is also responsible for the shredding of evidence relating to its dealing with Enron affecting the ability of investigations to unearth the cause of the fall showing that they are responsible for Enrons fall. Andrew Fastow is to blame for orchestrating the minimal disclosure and the use of the mark-to-market accounting to hide debts at Enron and gives a false impression of profitability. He also exhibit a conflict of interest in terms of the $30 million he gained from the partnerships aimed at helping Enron but allowing for him to gain from the transaction sat the expenditure of the stakeholders. The Enron executives form the other bad apples to blame for the fall of Enron through cashing in on th eir stock while using company funds for personal use through phony investments. The evidence for