Company OverviewEnron is a global energy company founded in 1895 in Omaha, Nebraska, when Inter North acquired Houston Natural Gas (Lee, 2014). Although Enron was founded in Nebraska, the company decided to move its headquarters to Houston, Texas. Kenneth Lay, chief executive officer (CEO) of Houston Natural Gas Corporation, was selected as CEO of Enron Corporation, and Jeffery Skilling was selected as CEO after Lay's retirement (Enron, 2013). Enron also employed 21,000 workers in more than 40 countries (Enron Scandal in Brief, 2002). According to Lee (2014), the company produced natural gas as its main product and branched into numerous subsidiaries of non-energy related sectors such as Internet bandwidth, risk management and weather derivatives which are a form of weather insurance for seasonal companies. In 1999, Enron launched the broadband news services unit and Enron Online, which was the company's website for trading commodities. Eventually, it became the largest trading site in the world and produced 90% of its revenue from Enron online transactions. Enron's annual revenue growth quickly reached US$100 billion. From 1996 to 2001, Enron Corporation was extremely successful and was chosen as the sixth largest energy company globally and the seventh largest corporation in America (The rise and all of Enron, 2006). Additionally, Enron was chosen by Fortune magazine as America's most innovative company (Lee, 2014). However, Enron's success turned out to be the cause of an unimaginable scandal where the company hid some information in its accounts. Enron Corporation was found to have lied about its profits and was accused of shady dealings... half of paper......tps://www.cga-pdnet.org/Non_VerifyingProducts/ArticlePublication/RecoveryAccountingProfession/RecoveryAccountingProfession_p3 . pdfGanly, S. (2010, August 23). How to avoid unethical business conflicts. Inside Business 360. Retrieved May 31, 2014, from http://www.insidebusiness360.com/index.php/how-unethical-business-conflicts-can-be-avoided-9679/About us. (2014, April 1). ACCA. Retrieved May 31, 2014, from http://www.accaglobal.com/gb/en/discover/about.htmlCode of Ethics and Conduct. (2011). ACCA. Retrieved May 31, 2014, from http://www.accaglobal.com/content/dam/acca/global/PDF-members/2012/2012c/CofEC.pdfGilman, S., Harned, P., Navran, F. & Brown , J. (2009, May 29). Ten things you can do to avoid becoming the next Enron. Ethics Resource Center. Retrieved May 31, 2014, from http://www.ethics.org/resource/ten-things-you-can-do-avoid-being-next-enron