What types of fundamental accounting and auditing practices eventually contributed to the fraud performed by Enron?

After reading the article, draft a two-page paper by explaining what you learned about accounting and finance. You can include any reflections related to the article; however, address in paragraph form at least the following in your two-page paper:

 What specific actions (or lack of) led to Enron’s bankruptcy?

 What types of fundamental accounting and auditing practices eventually contributed to the fraud performed by Enron?

 Briefly describe the ethical environment that led to the fraud.

 How did Enron’s bankruptcy impact the financial markets for Enron’s competitors?

 Briefly describe what you learned about the importance of the auditing process.

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