TITLE: Fall of Enron: How Could It Have Happened

CIS-NO: 2002-S401-45  
SOURCE: Committee on Governmental Affairs. Senate  
DOC-TYPE: Hearing Retrieve the full text of testimony  
DOC-NO: S. Hrg. 107-376  
DATE: Jan. 24, 2002  
LENGTH: iv+152 p.  
CONG-SESS: 107-2  
ITEM-NO: 1037-B; 1037-C  
SUDOC: Y4.G74/9:S.HRG.107-376  
 
GPO-STOCK-NO: 552-070-28629-2.

SUMMARY:
Hearing to examine factors contributing to the financial collapse of Enron Corp., focusing on noncompliance with accepted accounting standards.
 
Supplementary material (p. 75-152) includes witnesses' written statements and written replies to Committee questions and submitted statements.

CONTENT-NOTATION: Enron Corp financial collapse, issues review

DESCRIPTORS:  
    ENRON CORP.; CORPORATIONS; BANKRUPTCY; FINANCIAL REGULATION; ACCOUNTING AND AUDITING

02-S401-45 TESTIMONY NO: 1     Jan. 24, 2002 p. 26-54, 75-83, 138-141
 
WITNESSES (and witness notations):
   LEVITT, ARTHUR, JR. (former Chairman, SEC)
   TURNER, LYNN E. (former Chief Accountant, SEC)
 
STATEMENTS AND DISCUSSION:
   Perspectives on accounting industry standards and deficiencies; examination of accounting standards and enforcement procedures; need to enhance accounting standards and compliance enforcement; overview of Enron noncompliance with accounting standards.
 
CONTENT NOTATION:
   Enron Corp financial collapse, issues review
 
 
02-S401-45 TESTIMONY NO: 2     Jan. 24, 2002 p. 54-74, 84-137
 
WITNESSES (and witness notations):
   HENNING, BRUCE B. (Director, Regulatory and Market Analysis, Energy and Environmental Analysis, Inc)
   LANGBEIN, JOHN H. (Professor, Law and Legal History, Yale Law School)
   PARTNOY, FRANK (Professor, Law, University of San Diego School of Law)
 
STATEMENTS AND DISCUSSION:
   Impact of Enron collapse on U.S. energy markets (related graphs, p. 91-92); overview of Enron pension investment practices; need to implement diversification standards for pension plan investments; examination of Enron involvement in derivatives market; review of Enron alleged use of subsidiaries and derivatives investments to falsify financial reports.
 
CONTENT NOTATION:
   Enron Corp financial collapse, issues review
 
TESTIMONY DESCRIPTORS:
   ENERGY AND ENVIRONMENTAL ANALYSIS, INC.; RETIREMENT INCOME; PENSIONS; INVESTMENTS; ENERGY RESOURCES; COMMODITY CONTRACTS AND EXCHANGES

LOAD-DATE: February 3, 2003