Read the following case and answer the questions below:
In the case of Enron, was fraud committed on behalf of the organization (such as financial statement fraud) or committed against the organization (such as embezzlement)? evaluate how the different types of fraud are generally committed, who usually commits each type, and who benefits from the fraud to answer the question.
Review Enron’s challenges with financial reporting. Did Enron manipulate or manage earnings according to analysts’ projections? Is earnings management fraudulent? How could Enron have ethically managed earnings in their financial reporting without committing fraud?
What are some of the regulations that have been passed since the fall of Enron that could have helped prevent that situation from getting out of hand?