Enron and the Powers Report: An Examination of Business and Accounting Failures

Author(s): Cheryl de Mesa Graziano, Financial Executives Research Foundation

Year: 2002

Description:
This report provides a synopsis of the Powers Report, paying particular attention to Enron’s failures in executing the transactions involving Special Purpose Entities. It emphasizes oversight shortfalls at many levels and by many parties, including conflicts of interest and corporate governance issues.