Answer:
Enron is a Houston-based energy trading firm that was formed in 1985 by the combination of two energy firms, Houston Natural Gas and Internorth. Enron climbed to number 7 on Fortune publication's ranking of the best 500 U.S. businesses under president and Chief executive officer Kenneth Lay's leadership.
The Enron case brought attention to financial and industrial wrongdoing when its lenders lost $74 billion and its workers lost billions in health payments in the four times running up to its collapse.
Enron's accountants allowed the company to book more sales than it actually received, as well as keep deficits and liabilities off the financial statements. If this had been prohibited, Enron's money-losing situation would have been exposed even earlier.
