Future financial scandals

The Enron collapse exemplifies greed, fraud, and misuse of accounting rules. The demise of Enron had a devastating effect on many people’s lives. The Enron Scandal Explained in One Minute:

Corporate Recklessness, Lies and Bankruptcy is a good starting point for your reflections.

What were the effects on accounting, the profession, ethical standards of business conduct in general, employees, supporting businesses and/or government regulation?

How can we minimize the risk of future financial scandals and maintain public trust in the system?

This is a sample question

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