One of the main reasons FIN46 was issued as an interpretation instead of an accounting standard was to issue the standard in a relatively short period of time in response to the Enron scandal.
He was managing partner of the Cambridge office of Andersen Legal until 2002 when its global offices were hit by the fall-out at Arthur Andersen following the Enron scandal and the firm was closed down.
The review in The New York Times compared the corporate culture and market mechanisms that led to the Enron scandal with the fictional background of the novel.
This free market approach presented investment opportunity and government encouragement for more development of environment-friendly, renewable energy projects and technologies; the law created a market in which non-utility Independent Power Producers developed, and some energy market players failed.
In their investigation into the Enron scandal, the Federal Energy Regulatory Commission made a large portion of Enron's email database available to the public.
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Lou Pai has not been charged with any criminal wrongdoing in the Enron scandal and has exercised his 5th Amendment right in regard to the subsequent Enron class action lawsuit.