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From the movie "Enron - The smartest guy in the room",what ethical failures (unethical actions) did...

From the movie "Enron - The smartest guy in the room",what ethical failures (unethical actions) did Enron commit in financial and accounting, marketing and advertising, leadership and management, and organizational ethics? Why where these actions unethical (what made them unethical)?

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Answer #1
The Enron Scandal led to bankruptcy of Enron Corporation and which is cited as the biggest audit failure.
Unethical actions are in all sectors-
1. By the use of accounting loopholes
2. Special purpose entitites Corporate Governance
3. Poor financial reporting
4. Risk Management
5. Mark to Market Accounting
6. Corporate Governance
Some in details-
# They constantly use mark-to-market accounting, allowing the company to record potential profits on certain projects immediately after contracts were signed, regardless of the actual profits that the deal would generate.
# Strong PR team to portay itself a profitable in stock market.
# Incorporating shell companies in network designed solely to do business with enron for only purposes of sending enron money and hiding its increasing debt.
# Political Connections
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