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Research 3 of the most high profile business scandals, Enron, WorldCom, and Parmalat.
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Introduction In the last few years there have been a number of high profile accounting scandals where businesses have "lost" billions through poor, unscrupulous or illegal accounting practises. In the project I'm going to research 3 of the most high profile scandals, the three businesses are: * Enron * WorldCom * Parmalat I'm going to research the three companies and describe what each of the businesses did, in each case describe what happened to the business, and if there have been any other scandals in the UK. What do the Companies do? Enron Enron was born in July 1985 when Houston Natural Gas merged with Omaha-based InterNorth. Enron is now an energy trading and communications company based in Houston, Texas employing around 21,000 people in more then 40 countries. Its split into three main areas: 1. Enron Wholesale Services- this includes the marketing and delivery of physical commodities and financial and risk management services. 2. Enron Energy Services- provides integrated energy...
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