After Enron: Lessons for Public Policy

Hardcover
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Author: William A. Niskanen

ISBN-10: 0742544338

ISBN-13: 9780742544338

Category: Corporate Accounting

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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.

1A crisis of trust12Major private responses133Political responses to the Enron scandal184Don't count too much on financial accounting475Corporate accounting before and after Enron556Don't count too much on auditing877The formal audit process898The market analysts1019Public and private rule making in securities markets10510Should Congress repeal securities class action reform?12511The business press as a corporate monitor : how the Wall Street Journal and Fortune covered Enron14712Lawyers as corporate monitors17113Bankers as corporate monitors19814The credit rating agencies21815The SEC as a corporate monitor23116Our tax system is a major part of the problem24317Compensation, journalism, and taxes24518Replace the scandal-plagued corporate income tax with a cash-flow tax28319Corporate governance33720Major policy lessons from the collapse of Enron355