Take the following as truth: Although Enron may have violated this 3 percent requirement, the 3-percent level would seem to be way too low in a environment in which we should be focusing on economic substance versus legal form in accounting and reporting as well as attest and assurance matters.
Then the following statement: "Enron might have intentionally disregarded the 3% requirement in order to hide profits." is true, false, or inconclusive?
Answer: Inconclusive