PALMARAT & ENRON

Failure of the Parmalat and the Enron

Failure of the Parmalat and the Enron

Introduction

The companies of Parmalat and Enron had met failures in the market field because of the lacking in the constitution of the statutory auditors and the irresponsible response actions of gatekeepers towards the accounts manipulations respectively.

The key factors causing the failures are discussed with intense level of evaluations regarding the malfunctioning, which occurred there.

Discussion

The issues related to the failure of Parmalat have caused considerable changes in the laws and governance in terms of the fraudulent activities. The changes in the laws and the enforcement ...