How was Enron found to be cooking the books?

Top Enron executives "cooked the books" as the energy corporation neared financial collapse, an attorney for shareholders charged Monday, as multiple probes into how the company went bankrupt -- and whether it misled its own employees and investors -- gathered steam. read more

On October 16, Enron announced a third quarter loss of $618 million. During 2001, Enron's stock fell from $86 to 30 cents. On October 22, the SEC began an investigation into Enron's accounting procedures and partnerships. In November, Enron officials admitted to overstating company earnings by $57 million since 1997. read more

Top Enron executives "cooked the books" as the energy corporation neared financial collapse, an attorney for shareholders charged Monday, as multiple probes into how the company went bankrupt -- and whether it misled its own employees and investors -- gathered steam. read more

Enron's auditors, Andersen, were also slammed by the report. It said that the firm did not fulfil professional responsibilities in audits of the company's financial statements. Moreover, it said that the firm should have drawn the board's attention to its concerns about internal controls, which were discussed within Andersen. read more

Enron stands accused of, basically, cooking its books, fraudulently pumping up the company's value by concealing massive amounts of debt in an array of complex partnerships set up by Enron officers. Nudged into reluctant action by a Securities and Exchange Commission investigation, the company was forced to admit that it had over-reported profit by nearly $600 million during the last four years. read more

WASHINGTON (CNN) - Top Enron executives "cooked the books" as the energy corporation neared financial collapse, an attorney for shareholders charged Monday, as multiple probes into how the company went bankrupt -- and whether it misled its own employees and investors -- gathered steam. read more