Date of Award

Fall 12-15-2011

Document Type

Thesis

Degree Name

Bachelor of Science (BS)

Department

Accounting

College

College of Business

First Advisor

Sheila Mitchell

Abstract/Description

There is no question that Enron has brought change to the landscape surrounding business practices both domestically and globally. After the Emon Scandal occurred, Congress passed a very controversial and groundbreaking legislative act known as the Sarbanes-Oxley Act as a means of stopping the conditions that made this widespread scandal possible. There are several reasons why another Emon-type Scandal is prone to repeat itself in the near future. One of the reasons is that Sarbanes-Oxley is not the perfect bill. Although the controversial Sarbanes-Oxley is a valiant effort to reform the environment that fostered Enron, there are major gaps and faults in the bill. Another reason is that there is no present evidence that proves the perception of accounting and finance has changed considerably. For there to be less of a chance of another scandal, it would be an absolute necessity that accounting and finance ethical standards shift considerably. These key causes of the Enron Scandal have gone unaccounted for (no pun attended), and until they are addressed the door is open for future corporate indignity.

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