... the entire course of existence and the way day-to-day business activities are done. There have been many such occurrences in the field of business that have had a dramatic effect in the way we conduct business today. The Wall Street crash in the 1929, the Asian financial crisis in the late 1990s, the recent World Trade Center disaster and of course the corporate failures witnessed recently are some of the events that will shape business boardroom decisions. The Enron collapse has affected capital markets around the world and the accounting boards and regulators are finding better systems to prevent another corporate collapse. The Enron disaster has had a massive effect on the investor confidence, billions of dollars of market value were erased, savings of millions were wiped out, thousands of jobs lost and a number of internal scandal like shredding vital documents, lobbying with the White House political figures to name ...

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