The accounting after the 2000s financial scandals : case of Enron and WorldCom

Abstract EN

The purpose of this paper is to highlight the implications of the financial scandals of Enron and WorldCom for the accounting.

in other words, and using a descriptive analytical methodology, we will present a short explanation about how the aforementioned companies succeeded in deceiving wall street for such a long time by presenting themselves as a very successful companies.

after that, we conclude the article by citing the new rules introduced by the international accounting standards board, in order to limit the manipulation that have taken place in that period.