Enron Movie: The Smartest Guys in the Room
Review Questions
1. Identify at least five (5) control issues in the movie using the Committee of Sponsoring Organization of the Tread way Commission (COSO) framework as a guide.
2. How did Enron engage in fraudulent financial in reporting? Give at least three examples of Enron’s creative accounting policies.
3. Explain Ken Lays relationship with President Bush. What is your opinion of the regulatory environment which existed at the time.
4. State two major implication of fraudulent financial reporting in Enron’s case
5. Use the fraud triangle to identify fraudulent issues in the Movie. The issues should be categorized according to the three factors.
