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The Enron Scandal was a series of activities that resulted from the bankruptcy of the U.S. energy, commodities, and services enterprise Enron Corporation in 2001 and also the dissolution of Arthur Andersen LLP, which were among the biggest auditing and accounting businesses in the world.
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Mark-to-market accounting permitted the corporate to write unrealized long run gains from some buying and selling contracts into present revenue statements, more helpful hints As a result supplying the illusion of greater present-day profits.