Description
After Enron addresses the major lessons about accounting, auditing, taxation, and corporate governance that are illustrated by the collapse of Enron and other recent major corporate scandals. The book then develops a set of proposals for changes in public policy that would lead accountants, bankers, board members, lawyers, and corporate managers to better serve the interests of the general public.
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This is a paperbound reprint of a 2005 book. Niskanen (chairman of the Cato Institute) presents the second book to result from his organization's project assessing the major policy lessons to be drawn from the collapse of the energy giant Enron. While the earlier Corporate Aftershock: The Public Policy Implications of Enron and Other Corporate Disasters (2003) focused on lessons specific to energy markets and the specialized financial instruments used by Enron, this collection of 20 papers consider broader issuers of corporate governance and regulation, including accounting problems and their alternatives, the failure of the entire Enron auditing chain, provisions of the tax code that influence the character of executive compensation and promote the conditions leading to bankruptcy, and corporate governance rules that have shifted power to corporate managers relative to shareholders over the past few decades. Annotation ©2007 Book News, Inc., Portland, OR (booknews.com)
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