A former Enron accountant and lawyer have settled civil fraud charges for
their roles in manipulating earnings in 2000 at Enron.
Dale Rasmussen, a former attorney for Enron in Portland, Oregon, and David
Leboe, a former Enron accountant in Texas, have agreed to pay $30,001 (£17,200)
for their roles in the alleged fraudulent accounting surrounding the ‘Coyote
Springs 2’ power plant project, US regulator, the Securities & Exchange
The Coyote Springs 2 project involved the sale of a power plant development
project in Oregon. Accounting rules call for revenues from such a project to be
recognised over time as the project is completed.
According to reports, Enron often used such schemes to boost its earnings in
order to meet the aggressive growth target it had promised investors.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.