Of the following,which is NOT true of the Enron financial scandal?
A) It was a key event leading the U.S.Congress to pass the Sarbanes-Oxley Act of 2002.
B) The scandal surprised no one because Enron was always regarded as an unethical company.
C) In 2000,corporate revenues exceeded $100 billion.
D) The company's former president,Jeffrey Skilling,led Enron to abuse an accounting practice known as mark to market accounting.
E) The truth about Enron was revealed in 2001.

Question

Quizplus · Accepted Answer

The statement that the Enron scandal surprised no one because Enron was always regarded as an unethical company is not true. While there were concerns about Enron's accounting practices and ethics prior to the scandal, the full extent of their fraudulent activities was not widely known or anticipated.

Of the Following,which Is NOT True of the Enron Financial