Research Article
z Available online at http://www.journalcra.com INTERNATIONAL JOURNAL OF CURRENT RESEARCH International Journal of Current Research Vol. 8, Issue, 08, pp.37451-37460, August, 2016 ISSN: 0975-833X RESEARCH ARTICLE THE LESSON FROM ENRON CASE - MORAL AND MANAGERIAL RESPONSIBILITIES 1,*Seied Beniamin Hosseini and 2Dr. Mahesh, R. 1PG Student in MBA, B.N. Bahadur Institute of Management Sciences (BIMS), University of Mysore, Mysore Karnataka, India 2Associate Professor, B.N. Bahadur Institute of Management Sciences (BIMS), University of Mysore Mysore Karnataka, India ARTICLE INFO ABSTRACT Article History: The Enron scandal, give out in October 2001, Enron Top officials abused their privileges and power, manipulated information put their own interests above those of their employees and the public and Received 19th May, 2016 Received in revised form failed to exercise proper oversight or shoulder responsibility for ethical failings which eventually led 15th June, 2016 to the bankruptcy of an American energy company based in Houston, Texas, and the dissolution of Accepted 17th July, 2016 Arthur Andersen, which was one of the five largest audit and accountancy partnerships in the world. Published online 31st August, 2016 In addition to being the largest bankruptcy reorganization in American history at that time, Enron undoubtedly is the biggest audit failure. It is one of companies which fell down too fast. This paper Key words: will analyze the reason for this event in detail including the management, conflict of interest and Enron, Management Control System, accounting fraud. Meanwhile, it will make analysis the moral responsibility From Individuals’ Angle Fraud, Sarbanes, Corporate Leadership. and Corporation’s Angle.
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