ACC5216 Accounting Theory

Using the news article provided below as a base, and referring to other appropriate literature, discuss
and critically evaluate the following:
Determine the facts of the case.
 Identify and discuss why the Enron chief is facing the guilt of fraud and conspiracy? ? Using Stakeholder Theory, describe the main stakeholders who were affected by the collapse
of Enron? Describe each stakeholder and how they were effected.
Using a second accounting theory, explain how your chosen theory applies to the Enron case,
and what each group should do as a result of following the theory. (Make sure you relate
your discussion to the Enron case and each of the affected groups under your chosen theory). ? Compare and contrast the different theories and identify which of these theories is most
important from Enron perspective of cost savings and explain reasons why you think your
chosen theory is the most important.