Enron, a company which originated in Huston, Texas, was one of the largest American energy trading corporations in the nation. Although it was one of the most well known companies, it was also one that crashed and burned the fastest, shocking many people when it did. Not only did it end fast, the company caused quite a scandal which is still being discussed and reviewed in today’s world. Enron’s bankruptcy scandal was so widely known because of the many people who associated themselves with the company and worked with it. When it finally did end in 2001 the corporation was a wreck. This paper will analyze the business of Enron, the impact which Enron had on the economy, the causes of the rise and fall, the effects of de-regulation, and an analysis of the collapse of Enron. Also in this essay will be a look at the accounting practices of Enron, who Arthur Anderson was, and what his role was in Enron. The essay will finally take a look at just what happened to Arthur Anderson after the collapse of the company to which he hurt. Many companies and franchises come and go in this busy economic world. There are generic reasons behind most companies end and often times when a company goes out of business it is either because the corporation ends up loosing their well earned income or its loyal and repeat customers who keep them on their feet. However, in the unique case involving the fast paced and high ranked company, Enron, there is far more involved than just simple reasoning and stereotypical scenarios. Though the company skyrocketed quickly and rose to successes, to most Enron’s story is a business owner’s nightmare and can be a lesson learned and avoided for any new company beginning to spread its wings in the complicated world of business. It is debatable that the company Enron was one of the largest audit failures in the history of business. Enron, which was in the business of energy trading, was a multibillion dollar company at its peak. The corporation is often difficult to describe and its happenings were rather complex. The company employed thousands of people over the years of its existence and affiliated itself with many large, highly respected groups, such as The White House. This collaboration with highly viewed groups gave Enron a good reputation amongst on lookers. In the past and present, Enron’s impact on the economy is becoming increasingly more and more detrimental. According to an article written on January 20, 2002 in the Los Angeles Times, senior economics writer James Flanigan writes that the collapse of Enron has added “one-half of 1% to the cost of capital for the energy industry” (Flanigan 2002). Flanigan also states that this calculation translates to around “$4 million a year”