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The Enron scandal deeply influenced the development of recent laws to Enhance the reliability of financial reporting, and enhanced community recognition about the value of obtaining accounting requirements that present the financial fact of providers and also the objectivity and independence of auditing companies.[sixty]
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Empirical reports document that main accounting journals publish in complete less study article content than equivalent journals in economics together with other organization disciplines[fifty seven], and Therefore, accounting scholars are fairly fewer prosperous in tutorial publishing than their organization school peers.
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The scandal brought on the dissolution of Arthur Andersen, which at some time was one of many 5 largest accounting companies on the planet. Following a number of have a peek at this site revelations involving irregular accounting processes executed all through the 1990s, Enron submitted for Chapter 11 bankruptcy security in December 2001.