Enron Corporation was an American energy and services company from Houston, Texas. The company went bankrupt in 2001 after being embroiled in massive accounting fraud. The scale of the Enron scandal had huge repercussions across the political and economic landscape of the USA. Such immense was the scale of the scandal that the US government enacted the Sarbanes-Oxley Act of 2002 that set specific standards & mandates pertaining to financial record keeping.