Enron scandal
The Enron scandal was an accounting scandal of Enron Corporation, which was an American energy company. It caused the company to go bankrupt in 2001 after people found out about the scandal. The company Arthur Andersen also ended because of it, as they did not audit the company correctly. Arthur Andersen was one of the five largest audit companies in the world. Enron was often said to be the worst audit failure in history.