Insights from the Enron Scandal: The Evolution of Compliance Standards to Combat Fraud

Dive into the infamous Enron scandal of 2001, a landmark case of corporate fraud that reshaped regulatory standards and compliance in the business world. In this video, we explore Enron's deceptive practices, including the use of off-the-books entities and accounting gimmicks, and examine the key issues that led to its downfall. We also discuss how modern compliance frameworks, like the Sarbanes-Oxley Act, have been implemented to prevent similar catastrophes in the future. Discover the importance of transparency, auditor independence, and strong corporate governance in safeguarding stakeholder interests and maintaining public trust.