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24-04-2021
Business

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In what ways did Skilling's involvement in unethical financial and accounting practices benefit stakeholders initially?

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Nyctalus Nyctalus

26-04-2021

Answer:

The given case relates to the movie Enron. In the movie, Jeffrey Skilling engineered transactions and falsely boosted stock values, allowing various stakeholders to earn higher returns at first. Arthur Anderson, the corporation's auditor, was involved in the investment fraud. Thus, initially to increase the share price the defaulters boosted their earnings.

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