So who was bigger than Enron? Or more specifically, what failure was bigger than Enron? Answer: their auditors. Soon after the fall of Enron was the collapse of accounting firm Arthur Andersen. The 89-year-old accounting firm was once known as the gold standard of integrity in auditing.
However, Arthur Andersen, a firm that was supposed to have oversight of accounting practices, and was supposed to uphold integrity of financial reporting, was found to be a facilitator of the fraud that went on at Enron. At a time where numerous other accounting scandals surfaced it was simply too much, and with the reputation hit from criminal charges the firm was no longer viable as a business.
This documentary provides an interesting look at a story that has tended to remain in the shadow of the Enron collapse, another good case study in ethics and corporate responsibility.
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Finance Documentaries: http://www.financedocumentaries.com/2011/05/bigger-than-enron.html