New CCH Book Draws Lessons For Professionals From Enron Failures

(RIVERWOODS, ILL., August 6, 2002) – Once the name of a prosperous company, the word "Enron" now stands for a business failure, an accounting and financial reporting failure, a political failure and, most importantly of all, an ethical failure. In a new book from CCH INCORPORATED (CCH), a leading provider of tax and business information and software, noted authority and educator Arthur L. Berkowitz dissects the elements of the Enron scandal and describes the lessons to be learned from it. ENRON: A Professional's Guide to the Events, Ethical Issues, and Proposed Reforms provides perspective on what went wrong and what "Enron" means for practitioners in auditing, accounting and finance. ($49.50, 269 pages. To order, call CCH at 1-800-248-3248 or visit the CCH Online Store at

Berkowitz analyzes how the scandal unfolded, who the key players were and the roles they played. He then reviews the reforms that have been proposed in response to the scandal for the accounting, corporate governance, legal and securities industries. He illuminates the larger social and political Issues and lessons to be learned and then turns the spotlight on ethics in two concluding chapters, "Does It Pay To Be Ethical" and "There is More to Ethics Than the Rules." Included in the appendix are a host of source materials, including key memos and internal documents related to the scandal and ensuing investigations.

An Analysis For Professionals

Berkowitz maintains that at the heart of the Enron scandal are conflicts of interest and ethical ambiguities that have become pervasive in the auditing, corporate governance, financial reporting and investment analysis fields. While the structural weaknesses that breed conflicts of interest may be repaired through regulatory and legal reform, the deeper issue of individual ethical behavior needs to be addressed at entirely different levels – by industry associations, firms and companies and, ultimately, by individuals themselves.

ENRON illuminates these issues in a way that will enable professionals to look at themselves and their own firms to determine what changes they need to make to maintain their individual and firm-wide integrity.

ENRON is the only book published to date on the scandal specifically for professionals in finance, accounting and auditing. It includes Continuing Professional Education (CPE) materials and an extensive appendix of source documents designed to help professionals fully understand the issues involved and set a definitive and appropriate personal and firm-wide course of action in response to this debacle.

ENRON comes complete with study questions and answers and a quizzer, designed to help professionals earn valuable CPE credits while learning and responding to these historic new developments (grading and administration fee additional).

About the Author

Arthur L. Berkowitz, CPA, is a leading authority and educator on financial and ethics issues. He conducts workshops and seminars on accounting and auditing, investment planning, professional conduct and workplace ethics across the nation for corporations and professionals. Prior to opening his own practice in 1987, Berkowitz was a partner in a 23-member local accounting firm in Miami, Florida and also spent six years with Coopers & Lybrand and Laventhol & Horwath. His interest in ethics was heightened by his three years’ service as a public member of the Florida State Bar Grievance Committee.

Availability and Pricing

For more information or to order the 269-page ENRON: A Professional's Guide to the Events, Ethical Issues, and Proposed Reforms, contact CCH at 1-800-248-3248 or visit the CCH Online Store at Single copy price is $49.50 plus applicable tax, shipping and handling. Quantity discounts and school adoption pricing are available.


CCH INCORPORATED, headquartered in Riverwoods, Ill., was founded in 1913 and has served four generations of business professionals and their clients. The company produces more than 700 electronic and print products for the tax, legal, securities, insurance, human resources, health care and small business markets. CCH is a wholly owned subsidiary of Wolters Kluwer U.S. The CCH web site can be accessed at The CCH federal and state tax web site can be accessed at

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EDITORS: An editorial review copy of ENRON: A Professional's Guide to the Events, Ethical Issues, and Proposed Reforms is available upon request for members of the press. Contact Leslie Bonacum, 847-267-7153 or