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After Enron: Lessons for Public Policy » (Reprint)

Book cover image of After Enron: Lessons for Public Policy by William A. Niskanen

Authors: William A. Niskanen
ISBN-13: 9780742544345, ISBN-10: 0742544346
Format: Paperback
Publisher: Rowman & Littlefield Publishers, Inc.
Date Published: March 2007
Edition: Reprint

Author Biography: William A. Niskanen

Book Synopsis

After Enron addresses the major lessons about accounting, auditing, taxation, and corporate governance that are illustrated by the collapse of Enron and other recent major corporate scandals. The book then develops a set of proposals for changes in public policy that would lead accountants, bankers, board members, lawyers, and corporate managers to better serve the interests of the general public.

1	A crisis of trust	1
2	Major private responses	13
3	Political responses to the Enron scandal	18
4	Don't count too much on financial accounting	47
5	Corporate accounting before and after Enron	55
6	Don't count too much on auditing	87
7	The formal audit process	89
8	The market analysts	101
9	Public and private rule making in securities markets	105
10	Should Congress repeal securities class action reform?	125
11	The business press as a corporate monitor : how the Wall Street Journal and Fortune covered Enron	147
12	Lawyers as corporate monitors	171
13	Bankers as corporate monitors	198
14	The credit rating agencies	218
15	The SEC as a corporate monitor	231
16	Our tax system is a major part of the problem	243
17	Compensation, journalism, and taxes	245
18	Replace the scandal-plagued corporate income tax with a cash-flow tax	283
19	Corporate governance	337
20	Major policy lessons from the collapse of Enron	355