安然公司分 析.pptVIP

Causes Analysis andEnlightenment of Enron‘s Bankruptcy 制作人 ：王帅 Contents Enron?background Analysis of cheating Enron?Event Alert 1、Basic Situation of Enron The establishment of -1930?year,?the United States of America?Headquarters?-Houston. The main?natural gas,?electric power,?“Enron online”,?futures. The position?-?wealth?500 strong?ranks seventh,?the blue chip?stock?- 1.October 31, 2001 - (SEC) involved in the investigation. 2.November 8, 2001 - (8-K) report, financial fraud. 3.In November 30, 2001,?the stock price fell to?$0.26,?($80000000000?worth?-2 billion dollars). 4.January 15, 2002 ,?stock?delisted?-?over the counter?(90.75-0.07),?shareholdersfiled a Class Action Lawsuit. 5.December 2, 2002 ,?filed for bankruptcy,?bankruptcy?bankruptcy?bill?-$49800000000. 2、Analysis of cheating （ A). Overmeasure profit through SPE, concealed liabilities. (two). Use the sale and transfer of shares repurchase, profit manipulation. (three) .?Planning?without?economic substance?hedge?transactions,?covering up investment losses. (four). Linked notes receivable, capital and stockholders equity. Jobs, pensions wiped out, ordinary investors lose billions of dollars 3、Enron Event Alert 1,?Not only?should not exaggerate the?role of?independent audit?in the securitiessupervision,?nor shall the?listing Corporation due to?full responsibility for?fraudcollapse?due to?the CPA 2,?Neither superstitious?American?model of corporate governance,?independent directors?can not be?myth 3,?Not only the importance of?institutional arrangements,?and?ignore the credibility?of all-round education 4,?Dont?blind?Big Five,?Five?audit quality is?not always?trustworthy