Earlier this month, Skilling told Congress: ‘On the day I left, I absolutely and unequivocally thought the company was in good shape.’
Already his testimony has been described as ‘not credible’ by one senior government official – James Greenwood, chairman of a energy and commerce’s subcommittee on oversight – to the BBC World Service.
A week after Skilling proclaimed his innocence, former Enron vice president Watkins accused Skilling, along with CFO Andrew Fastow, law firm Vinson & Elkins, and Andersen of ‘duping’ Ken Lay and the Enron Board.
To date, efforts to get statements out of former senior management at Enron have proved elusive, with both ex-CEO Kenneth Lay and sacked audit partner David Duncan invoking their Fifth Amendments rights.
Skilling will appear alongside his chief accusers: current Enron president Jeffrey McMahon and his deputy Watkins.
Before his sudden resignation in August last year, Skillings’ six months in charge had seen the company’s share price skyrocket from $42 to $82.
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements
Charles Tilley's departure from CIMA leaves the accounting world quieter, but his institute with an exciting foundation