10 Biggest Recent Accounting Scandals in America

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1. Enron

2001 – $78 billion

With $78 billion in losses of shareholder funds, Enron ranks first on our list of the 10 biggest recent accounting scandals in America. Sherron Watkins, Enron Corp’s whistleblower, exposed details of the financial scandal to the world, leading to the company’s bankruptcy. The infamous Enron bankruptcy led to the passage of the Sarbanes-Oxley Act in 2002 and to the downfall of its auditors, Arthur Anderson.

10 Biggest Recent Accounting Scandals in America

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