Lessons from Enron

The string of embarrassments afflicting Andersen hits James A. Largay III, the editor of Accounting Horizons, pretty hard. He finds the Enron tragedy to be highly instructive, the kind of watershed event that comes along once in a generation or so, the jaws of the kind of disaster from which victory - the good name of the accounting profession - might be snatched. Largay discusses some of the lessons to be learned.