Enron and the Fall of the CompanyEnron was a company known by many people and companies not only in the United States but also around the world. It became one of the largest companies and as we see, many people were affected by the downfall of the company. More than 210,000 employees lost their jobs without even knowing what awaited them and what was happening behind the doors of company management. In addition to losing their jobs, their form of income for their families, they also lost the money they had invested in company stock and their pension funds because the company encouraged its employees to invest their money in its own actions and also to get closer to their employees. until the end, they wanted their employees to invest even more money. Good business decisions are based on the financial statements prepared by a company's accounting firms or accountants. When accounting for a business, they all follow a standard called GAAP (generally accepted accounting principles). GAAP provides guidelines and rules that companies use when preparing their financial statements so that all companies are on the same page as each other. When Arthur Anderson's accountants prepared Enron's financial statements, they lied about the company's financial condition, in order to make the company appear better financially than it really was. No one can really explain why they did this, but everyone can make assumptions about what happened, who was involved, and why it all happened. After Anderson Accounting was involved in the Enron and WorldCom fraud scandal, they gained a bad name and reputation so no other company would want to do business with them. Companies that currently did business with them would not want to be affiliated with them. When the company did its audit, it would not have found itself in such a deep situation as the one it found itself in if it had not tried to hide things and destroy its papers, because it did not There were actually only 4 main areas where she could have been caught. The first person from Enron who was convicted was the company's former treasure, Bill Gilsan. Gilsan pleaded guilty to participating in the fraudulent activities that took place with Enron.