This report endeavors to
present some insight into the various deceptive accounting practices that were utilized prior to the
recent scandals. The focus of the paper homes in on two very recent account
situations that made media headlines, namely the recent Enron debacle and the latest
bankruptcy by United Airlines. It looks a how the results of both of these situations will continue to influence the way all companies in the United States, and even some international organizations, will view and present their finances to the public and other governing bodies, such as the Securities and Exchange Commission. Outline Abstract Introduction Arthur Anderson Enron United Airlines Bankruptcy Conclusion