Phyllis Only

After reading the article, draft a two-page paper by explaining what you learned about accounting and finance. You can include any reflections related to the article; however, address in paragraph form at least the following in your two-page paper:
 What specific actions (or lack of) led to Enron’s bankruptcy?
 What types of fundamental accounting and auditing practices eventually contributed to the fraud performed by Enron?
 Briefly describe the ethical environment that led to the fraud.
 How did Enron’s bankruptcy impact the financial markets for Enron’s competitors?
 Briefly describe what you learned about the importance of the auditing process.