Is Enron’s Accounting Method About To Become The Standard For All Businesses?

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By Holly A. Bell Remember Enron? Apparently the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) don’t. While the Enron scandal had multiple layers of both illegal and unethical behavior, at the heart of it all was Jeff Skilling’s insistence on using mark-to-market accounting techniques. This was not standard accounting practice, …

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